Kronox Lab Sciences IPO vs Vraj Iron and Steel IPO

Comparision between Kronox Lab Sciences IPO and Vraj Iron and Steel IPO.

IPO Details

Kronox Lab Sciences IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vraj Iron and Steel IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kronox Lab Sciences IPO	Vraj Iron and Steel 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	Aryaman Financial Services Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
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 Vraj Iron and Steel IPO is up to ₹171.00 Cr. The final issue price of Kronox Lab Sciences IPO is ₹136.00 per share and of Vraj Iron and Steel IPO is ₹207.00 per share.

	Kronox Lab Sciences IPO	Vraj Iron and Steel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹195.00 per share
Issue Price (Upper)	₹136.00 per share	₹207.00 per share
Issue Price (Final)	₹136.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares	72 shares
Fresh Issue Size		82,60,870 shares
Fresh Issue Size (Amount)		up to ₹171.00 Cr
OFS Issue Size	95,70,000 shares
OFS Issue Size (Amount)	up to ₹130.15 Cr
Issue Size Total	95,70,000 shares	82,60,870 shares
Issue Size Total (Amount)	up to ₹130.15 Cr	up to ₹171.00 Cr

IPO Timetable

Kronox Lab Sciences IPO opens on Jun 03, 2024, while Vraj Iron and Steel IPO opens on Jun 26, 2024. The closing date of Kronox Lab Sciences IPO and Vraj Iron and Steel IPO is Jun 05, 2024, and Jun 28, 2024, respectively.

	Kronox Lab Sciences IPO	Vraj Iron and Steel IPO
Anchor Bid Date	May 31, 2024	Jun 25, 2024
Issue Open	Jun 03, 2024	Jun 26, 2024
Issue Close	Jun 05, 2024	Jun 28, 2024
Basis Of Allotment (Tentative)	Jun 06, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jun 07, 2024	Jul 02, 2024
Credit of Share (Tentative)	Jun 07, 2024	Jul 02, 2024
Listing date (Tentative)	Jun 10, 2024	Jul 03, 2024
Anchor Lockin End date 1	Jul 06, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 04, 2024	Sep 29, 2024

Financials

Kronox Lab Sciences IPO P/E ratio is 30.37, as compared to Vraj Iron and Steel IPO P/E ratio of 9.48.

Kronox Lab Sciences IPO

Vraj Iron and Steel 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

Vraj Iron and Steel Limited Financial Information (Restated Consolidated)

Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% 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	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Reserves and Surplus	162.78	135.97	82.19	52.85
Total Borrowing	49.30	22.98	42.51	45.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.98%

99.99%

Promoter Shareholding (Post-Issue)

74.21%

P/E Ratio

30.37

9.48

Market Cap

₹504.61 Cr.

₹682.74 Cr.

ROE

25.66%%

23.78%%

ROCE

33.15%%

25.34%%

Debt/Equity

0.27

EPS

₹4.48

₹21.84

RoNW

25.66%%

23.78%%

Shares Offered

In the Kronox Lab Sciences IPO retail investors (RII) are offered 33,49,500 shares while in Vraj Iron and Steel 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 16,52,174 shares in Vraj Iron and Steel IPO.

	Kronox Lab Sciences IPO	Vraj Iron and Steel IPO
Anchor Investor Reserveration	28,71,000 shares	24,78,259 shares
Market Maker Reserveration
QIB	19,14,000 shares	16,52,174 shares
NII	14,35,500 shares	12,39,130 shares
RII	33,49,500 shares	28,91,305 shares
Employee	0 shares	0 shares
Others
Total	66,99,000 shares	57,82,609 shares

Bids Received (Subscription)

Kronox Lab Sciences IPO subscribed 117.25x in total, whereas Vraj Iron and Steel IPO subscribed 126.36x.

	Kronox Lab Sciences IPO	Vraj Iron and Steel IPO
QIB (times)	89.03x	173.99x
NII (times)	301.92x	221.66x
Big NII (times)	322.26x	217.50x
Small NII (times)	261.22x	229.99x
RII (times)	54.24x	58.31x
Employee (times)
Other (times)
Total (times)	117.25x	126.36x

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