Kronox Lab Sciences IPO Generates Strong Investor Interest

Kronox Lab Sciences IPO, which opened for subscription on June 3, 2024, is attracting significant attention from investors. As of today, June 3, 2024, the Grey Market Premium (GMP) for Kronox Lab Sciences IPO is ranging between ₹80 and ₹83. This indicates that the company's shares are trading at a premium in the unlisted market.

Key Highlights of Kronox Lab Sciences IPO GMP:

IPO Price Band: The price band for the IPO is set between ₹129 and ₹136 per equity share.

GMP: According to market observers, shares are trading at a premium of ₹80-83 in the grey market.

Subscription Status: There has been robust demand from both retail and non-institutional investors. The respective portions for these categories were subscribed multiple times within an hour of the IPO opening.

Important Points to Consider:

GMP Indicator: The Grey Market Premium serves as an unofficial gauge of investor sentiment in the unlisted market. However, it does not ensure similar performance in the listed market.

Listing Price Determination: The final listing price of the shares will be influenced by market dynamics after the IPO concludes on June 5, 2024.

For more detailed information on the Kronox Lab Sciences IPO, it is advisable to check reputable financial news sources or consult with a registered investment advisor.