Kronox Lab Sciences: Great listing of Kronox Lab, investors earned Rs 3200 on each lot

After the IPO last week, the shares of Cronox Lab Sciences were listed on the market today with a premium of more than 20 percent. In this way, after getting a great response, the IPO was successful in making good money for its investors.

This was the price of the IPO

Earlier, the company's IPO came during the last week. The IPO of Cronox Lab Sciences opened on June 3 and remained open for subscription till June 5. The price band of the IPO was fixed at Rs 129 to Rs 136. There were 110 shares in one lot. That is, investors needed Rs 14,960 to invest in one lot.

This much was earned on each lot

The shares of Cronox Lab were listed on NSE at Rs 164.95 with a premium of about 21 percent. On the BSE, the stock was listed at Rs 165 with a premium of 21.32 per cent.

After listing in the stock market, the price of one stock of Chronox Lab Sciences is now Rs 165. This means that the value of one lot of the IPO, i.e. 110 shares of the company, has now become Rs 18,150. This means that the investors who invested in this IPO have made a profit of Rs 3,190 on each lot within a week.

Bumper response in volatile week

The company succeeded in raising Rs 130.15 crore from investors in the market through this IPO. Even after getting caught in the volatile trade of the election result week, this IPO received a great response in the market. It was subscribed 301.92 times in the highest NII category. Similarly, the IPO received 89.03 times subscription in the QIB category and 54.24 times in the retail category. Thus, the IPO was subscribed 117.25 times overall.

Disclaimer: The information provided here is for information purposes only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing as an investor. ABPLive.com never advises anyone to invest money here.

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