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IPO

Kronox Lab Sciences IPO booked nearly 43x

Economic Times  

The initial public offer (IPO) of Kronox Lab Sciences was subscribed 118 times on the last day of the bidding process, driven by non-institutional investors, whose category was subscribed 302 times.The categories reserved for retail and QIB investors were booked 89 times and 55 times, respectively. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% for retail investors.