NEW DELHI: Speciality chemicals company Kronox Lab Sciences has received Sebi's go ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday.
The proposed offer comprises an offer for sale (OFS) of 96 lakh equity shares by promoters -- Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani.
The offer represents up to 26 per cent of the paid-up equity share capital of Kronox Lab Sciences, according to the draft red herring prospectus (DRHP).
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