Kross IPO Details
The Kross IPO is a book build issue with a total issue size of ₹500 cr, comprising of fresh issue of 10416667 equity shares., and a offer for sale of 10416667 equity shares. Kross IPO opened for subscription on Sep 09, 2024 and closed on Sep 11, 2024. Kross IPO is set price band at ₹228 to ₹240 per share, with a lot size of 62 shares. Minimum investment for Retail investors was ₹14,880.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 12, 2024, and listed on both the NSE and BSE on Sep 16, 2024.
Kfin Technologies Limited has been appointed as the registrar. Equirus Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Kross IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 228 – 240
- Lot Size
- 62
- Issue Size
- ₹500 Cr
- Minimum Investment
- ₹14880 (62 Shares)
- Listing Date
- 16 September 2024
Current GMP
₹50 (+20.83%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Kross Limited
Kross Ltd is a diversified player focused on the manufacturing and supply of a wide range of forged and precision machine parts for medium and heavy commercial vehicles (i.e. M&HCV) and farm equipment segments.
As such, they offer a diversified portfolio of high-performance and safety-critical components for the M&HCV and farm equipment segments. However, they are considered a specialist in manufacturing safety critical components for the M&HCV segment, which include axle shafts, companion flanges, anti-roll bars and stabiliser bar assembly, suspension linkages, etc. They also produce a wide variety of tractor components for the hydraulic lift arrangement, power take-off shafts and front axle spindles.
They supply their products to a diversified client base, which includes large original equipment manufacturers (OEMs) of M&HCV and tractors, as well as the top suppliers to these OEMs. They also have domestic dealers and fabricators as clients for their trailer axle and suspension business.
The MHCV industry is expected to grow at a compound annual growth rate of 2-4% between FY 2024 to FY 2029. Between the fiscal years of 2018 to 2023, the Indian tractor industry had registered a 5.4% CAGR. With the sectors that buy its products showing growth prospects, the revenue of Kross Ltd may also grow.
The companies considered by Kross Limited as its peers include:
- Ramkrishna Forgings Limited
- Jamna Auto Industries Limited
- Automotive Axles Limited
- GNA Axles Limited
- Talbros Automotive Components Limited
Kross IPO Promoters
Promoters of the company.
- Sudhir Rai
- Anita Rai
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Kross IPO Objective
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding of capital expenditure requirements towards the purchase of machinery and equipment.
- Repayment of certain outstanding borrowings availed from banks and financial institutions.
- Funding the working capital requirements of the company.
- General corporate purposes.
Address / Contact Info
Kross Limited
M-4, Phase VI, Gamharia,
Adityapur Industrial Area,
Jamshedpur - 832108
Phone: +91 0657 2203812
Email: investors@krossindia.com
Website: https://www.krosslimited.com
IPO Snapshot
Book Running Lead Managers
- Equirus Capital Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Kross IPO is a Book-building IPO with a total issue size of ₹500 crore. The Kross IPO price band is ₹228 to 240 per share. The Kross IPO subscription opens on Mon, Sep 9, 2024, and closes on Wed, Sep 11, 2024. The Kross IPO will be listed on the NSE,BSE. Kfin Technologies Limited is the registrar for the Kross IPO.
The Kross IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
Kross IPO Price Band is ₹228 to 240 per share.
Kross IPO lot size is 62 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
The minimum investment for Kross IPO is ₹14880, based on one lot of 62 shares at the upper price band of ₹240 per share.
Investors can apply for the Kross IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 11, 2024. The application amount remains blocked until the Kross IPO allotment is finalized.
Kross IPO issue size is ₹500 crores.
Kross IPO allotment date is Wed, Jul 1, 2026.
The registrar for Kross IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Kross IPO allotment status, refund processing, and other IPO-related information.
The Kross IPO GMP (Grey Market Premium) is ₹50 as of Wed, Sep 11, 2024. Based on the upper price band of ₹240 per share, the estimated Kross IPO listing price is ₹290, indicating a potential listing gain of approximately 0% over the issue price.