1,435,500 Equity Shares of Kronox Lab Sciences Limited are subject to a Lock-Up Agreement Ending on 5-JUL-2024.
July 05, 2024
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1,435,500 Equity Shares of Kronox Lab Sciences Limited are subject to a Lock-Up Agreement Ending on 5-JUL-2024. These Equity Shares will be under lockup for 29 days starting from 6-JUN-2024 to 5-JUL-2024.
Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the post-Offer Equity Share capital of the Company held by the Promoters shall be locked in for a period of eighteen months as minimum promoter?s contribution from the date of Allotment (?Promoter?s Contribution?), and the Promoter?s shareholding in excess of 20% of the post-Offer Equity Share capital shall be locked-in for a period of six months from the date of Allotment.
In addition to the Promoter?s Contribution which will be locked in for eighteen months, the entire pre-Offer Equity Share capital of the Company will be locked-in for a period of six months from the date of Allotment.
Any Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in the following manner: There shall be a lock-in of 90 days on 50% of the Equity Shares Allotted to the Anchor Investors from the date of Allotment, and a lock-in of 30 days on the remaining 50% of the Equity Shares Allotted to the Anchor Investors from the date of Allotment.
Kronox Lab Sciences Limited is an India-based company, which manufactures high purity specialty fine chemicals for diversified end user industries. It is a bulk manufacturer of high purity fine chemicals for the pharmaceutical, nutraceutical, veterinary, food, chemical analysis and other specialty markets. The Company offers a line of chemicals including acetates, carbonates, chlorides, citrates, hypophosphites, nitrates, nitrites, phosphates, sulfates, and ultra-pure metallic salts. The Companyâs product range includes ACS Reagent, LR, AR and GR Reagents, Oral Care, Pharmacopoeia, Food and Nutraceutical, Personal Care and Cosmetics, Veterinary Pharma and Animal Health, Tartrates, Citrates, Hypophosphites, Phosphates, Hydroxides, Ethylenediaminetetraacetic acid (EDTA) and Derivatives, Ultra High Purity Chemicals, Custom Specification, and Specialty Anhydrous. It manufactures high purity specialty fine chemicals of various grades in particle sizes ranging from 10 mesh to 100 mesh.