Chronox Lab Sciences IPO will open tomorrow: Retail investors can bid till June 5, minimum investment ₹ 14,960

The Initial Public Offer i.e. IPO of Chronox Lab Sciences Limited will open for public subscription tomorrow. Retail investors will be able to bid for this IPO from June 3 to June 5. Through this issue, the company wants to raise a total of 130.15 crores. For this, the company promoters and existing investors will sell 9,570,000 shares through Offer for Sale i.e. OFS. This will be a complete OFS, in which the company will not issue a single new share. If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it. How much minimum and maximum money can retail investors invest? For this IPO, the retail investor will have to apply for a minimum of one lot i.e. 110 shares. The company has fixed the price band of the IPO at ₹ 129- ₹ 136 per share. If you apply for 1 lot as per the IPO’s upper price band of ₹136, then you will have to invest ₹14,960. Retail investors can bid for a maximum of 13 lots i.e. 1430 shares, for which ₹194,480 will have to be invested. 35% of the issue reserved for retail investors Chronox Lab Sciences Limited has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 35% is reserved for retail investors and the remaining about 15% is reserved for Non-Institutional Investors (NII). You can get 60.29% return on investing Before the IPO opens, the company’s shares have reached a premium of 60.29% i.e. ₹82 per share in the grey market. In such a situation, according to the upper price band of ₹ 136, its listing can be at ₹ 218.

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