Kronox Lab Sciences IPO listing date today. GMP, experts signal strong debut of shares

Kronox Lab Sciences IPO listing price prediction

Speaking on the possible Kronox Lab Sciences IPO listing gain, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, “The public issue received a strong response by the primary market investors, but we shouldn’t forget that the issue size was tiny in comparison to a general mainboard IPO. The stock will be listed in the trade-to-trade category, which means the stock may not have a higher volume post-listing. So, I believe the stock may have a strong debut but not much movement post-listing.”

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Ventura Securities justified the strong debut buzz by saying, “The high-purity fine chemicals market is expected to experience steady growth due to rising demand from various industries. Kronox’s diverse product portfolio, strong customer base, and focus on quality position them to capitalize on this growth potential.”

Asked about the range Kronox Lab Sciences IPO may list today, Arun Kejriwal said, “The public issue may list with a premium of ₹20 to ₹25 as the secondary market mood has improved after rising for three straight sessions.

Kronox Lab Sciences IPO GMP today

According to stock market observers, Kronox Lab Sciences Limited shares are available at a premium of ₹31 in the grey market today. The grey market expects that Kronox Lab Sciences’ IPO listing price will be around ₹167 ( ₹136 + ₹31).

Disclaimer: The views and recommendations above are those of individual analysts, experts, and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 10 Jun 2024, 07:47 AM IST