Kronox Lab Sciences IPO vs TBO Tek IPO

Comparision between Kronox Lab Sciences IPO and TBO Tek IPO.

IPO Details

Kronox Lab Sciences IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TBO Tek IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kronox Lab Sciences IPO	TBO Tek IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kronox Lab Sciences IPO is up to ₹130.15 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of Kronox Lab Sciences IPO is ₹136.00 per share and of TBO Tek IPO is ₹920.00 per share.

	Kronox Lab Sciences IPO	TBO Tek IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹129.00 per share	₹875.00 per share
Issue Price (Upper)	₹136.00 per share	₹920.00 per share
Issue Price (Final)	₹136.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares	16 shares
Fresh Issue Size		43,47,826 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size	95,70,000 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹130.15 Cr	up to ₹1,150.81 Cr
Issue Size Total	95,70,000 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹130.15 Cr	up to ₹1,550.81 Cr

IPO Timetable

Kronox Lab Sciences IPO opens on Jun 03, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of Kronox Lab Sciences IPO and TBO Tek IPO is Jun 05, 2024, and May 10, 2024, respectively.

	Kronox Lab Sciences IPO	TBO Tek IPO
Anchor Bid Date	May 31, 2024	May 07, 2024
Issue Open	Jun 03, 2024	May 08, 2024
Issue Close	Jun 05, 2024	May 10, 2024
Basis Of Allotment (Tentative)	Jun 06, 2024	May 13, 2024
Initiation of Refunds (Tentative)	Jun 07, 2024	May 14, 2024
Credit of Share (Tentative)	Jun 07, 2024	May 14, 2024
Listing date (Tentative)	Jun 10, 2024	May 15, 2024
Anchor Lockin End date 1	Jul 06, 2024	Jun 12, 2024
Anchor Lockin End date 2	Sep 04, 2024	Aug 11, 2024

Financials

Kronox Lab Sciences IPO P/E ratio is 30.37, as compared to TBO Tek IPO P/E ratio of 64.58.

Kronox Lab Sciences IPO

TBO Tek IPO

Financial

Kronox Lab Sciences Limited Financial Information (Restated)

Kronox Lab Sciences Limited's revenue increased by 16.99% and profit after tax (PAT) rose by 21.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	66.96	54.03	56.79	37.65
Revenue	68.44	97.50	83.34	63.24
Profit After Tax	15.47	16.62	13.63	9.73
Net Worth	60.28	44.68	40.35	26.81
Reserves and Surplus	15.56	7.58	40.11	26.57
Total Borrowing			0.64	0.01
Amount in ₹ Crore

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.98%

51.26%

Promoter Shareholding (Post-Issue)

74.21%

P/E Ratio

30.37

64.58

Market Cap

₹504.61 Cr.

₹9990.08 Cr.

ROE

25.66%%

ROCE

33.15%%

Debt/Equity

EPS

₹4.48

₹14.25

RoNW

25.66%%

30.76%

Shares Offered

In the Kronox Lab Sciences IPO retail investors (RII) are offered 33,49,500 shares while in TBO Tek IPO retail investors are offered 33,49,500 shares. Qualified institutional buyers (QIB) are offered 19,14,000 shares in Kronox Lab Sciences IPO and 50,47,204 shares in TBO Tek IPO.

	Kronox Lab Sciences IPO	TBO Tek IPO
Anchor Investor Reserveration	28,71,000 shares	75,70,807 shares
Market Maker Reserveration
QIB	19,14,000 shares	50,47,204 shares
NII	14,35,500 shares	25,23,602 shares
RII	33,49,500 shares	16,82,401 shares
Employee	0 shares	32,609 shares
Others
Total	66,99,000 shares	92,85,816 shares

Bids Received (Subscription)

Kronox Lab Sciences IPO subscribed 117.25x in total, whereas TBO Tek IPO subscribed 86.69x.

	Kronox Lab Sciences IPO	TBO Tek IPO
QIB (times)	89.03x	125.51x
NII (times)	301.92x	50.60x
Big NII (times)	322.26x	55.82x
Small NII (times)	261.22x	40.15x
RII (times)	54.24x	25.72x
Employee (times)		17.81x
Other (times)
Total (times)	117.25x	86.69x

Compare with others

Kronox Lab Sciences IPO	TBO Tek IPO
Vraj Iron and Steel IPO	ixigo IPO
Aasaan Loans IPO	Kronox Lab Sciences IPO
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DEE Piping Systems IPO	Go Digit IPO
ixigo IPO	Aadhar Housing Finance IPO
Awfis Space Solutions IPO	Indegene IPO
Go Digit IPO	JNK India IPO
Aadhar Housing Finance IPO	VI FPO
TBO Tek IPO	Bharti Hexacom IPO
Indegene IPO	SRM Contractors IPO

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