Kross Limited

Kross Limited

Mainboard

₹14,880 / 62 Shares

Offer Date:Sep 9, 2024 - Sep 11, 2024
Share

Kross Limited IPO Details

The Kross Limited IPO price band is set between ₹228-240 per equity share, with a face value of ₹5 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 9 Sep, 2024 and closes on 11 Sep, 2024. Investors can check the allotment status on 12 Sep, 2024, while the listing date is tentatively scheduled for 16 Sep, 2024.

The total issue size is Total ₹500.0 Cr :#Fresh Issue : 10,416,667 shares, aggregating up to ₹250.0 Cr. Stay tuned for the latest Kross Limited IPO review and GMP updates.

Kross Limited IPO Review, Rating & Analysis

Kross Limited IPO Review

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Kross Limited IPO Rating

Kross Limited IPO Highlights

IPO Date

Sep 9, 2024 - Sep 11, 2024

Listing Date

16 Sep, 2024

Face Value

₹5 Per Equity Share

Price Band

₹228-240 per equity share

Lot Size

62 Shares

Fresh Issue

10,416,667 Shares

Offer for Sale

10,416,667 shares of ₹5

Listing At

BSE, NSE

Kross Limited IPO Lot Size

The minimum market lot for Kross Limited IPO is 62 shares with an application amount of ₹14,880. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)162₹14,880
Retail (Max)13806₹1,93,440
S-HNI (Min)14868₹2,08,320
S-HNI (Max)674154₹9,96,960
B-HNI (Min)684216₹10,11,840

Kross Limited IPO Timeline

IPO Open Date
9 Sep, 2024
IPO Close Date
11 Sep, 2024
Basis of Allotment
12 Sep, 2024
Listing Date
16 Sep, 2024

Issue Price

₹228-240 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Lead Manager

Equirus Capital Private Limited

Issue Size

Total ₹500.0 Cr :
#Fresh Issue : 10,416,667 shares(aggregating up to ₹250.0 Cr) +
#OFS : 10,416,667 shares of ₹5(aggregating up to ₹250.0 Cr)

Kross Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 24352.0621.4644.88146.81119.76117.9
31 Mar 23250.57489.3630.93102.1188.5888.26
31 Mar 22197.82297.8812.1772.458.8886.06

All values are in ₹ Cr.

Kross Limited IPO Valuations

EPS Pre IPO

8.3

EPS Post IPO

6.96

PE Pre IPO

28.93

PE Post IPO

34.5

ROE

30.57%

ROCE

28.15%

Debt Equity

0.80

RoNW

30.57%

PAT Margin

7.22

Price to Book Value

8.84

Promoters & Share Holding

Promoter(s) Name

  • Sudhir Rai
  • Anita Rai
Share Holding Pre IssueShare Holding Post Issue
100%67.7%

About Company

Kross Limited, formerly known as Kross Manufacturers (India) Private Limited, established in 1991, manufactures and supplies trailer axles and suspensions and a wide range of high-performance forged and precision machined safety critical parts for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment.

The company's product portfolio includes axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and a variety of tractor components for the hydraulic lift arrangement, power take-off (PTO) shafts and front axle spindles.

The company supplies its products to major original equipment manufacturers (OEMs) that manufacture M&HCVs and tractors, as well as to domestic dealers and trailer axle and suspension manufacturers that supply OEMs in the M&HCV segment.

Kross Limited has five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand, with the capacity to manufacture forgings weighing up to 40 kg. The production facilities are equipped with (i) forging presses and upsetting lines with induction heating for billets, (ii) a foundry with a high-pressure moulding line, (iii) high precision machining machines like turning centers, vertical and horizontal milling centres, Grinding, broaching, hobbing and shaping machines as well as robot welding systems, (iv) an in-house cathodic electro dip painting system (CED system), powder coating and spray painting and (v) heat treatment furnaces and induction hardening systems.

As of June 30, 2024, the company had 528 permanent employees.

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Kross Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved4,166,667
3,125,000

2,083,534    1,041,466
7,291,66614,583,333
Day 1 -09-09-24 05:00 PM
0.00 x
0.59

0.38 x   1.00 x
1.49 x0.87 x
Day 2 -10-09-24 05:00 PM
0.02 x
2.87

2.35 x   3.91 x
3.87 x2.56 x
Day 3 -11-09-24 05:00 PM
23.32 x
22.15

22.05 x   22.34 x
10.31 x16.56 x
Total No. of Applications:13,01,834 (Approx)
Retail Subscription:

Retail:10.84x

BHNI:4.70x

SHNI:22.66x times

Company Contact Details

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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: krosslimited.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions about Kross Limited IPO

When will Kross Limited IPO open for subscription?

The Kross Limited IPO opens on 9 Sep, 2024 and closes on 11 Sep, 2024.

What is the investors portion for Kross Limited IPO?

The investors' portion for QIB is 23.32 x, NII is 22.05 x, and Retail is 10.31 x.

How to apply for Kross Limited IPO?

You can apply for Kross Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Kross Limited IPO?

The issue size of Kross Limited IPO is approx ₹Total ₹500.0 Cr :#Fresh Issue : 10,416,667 shares(aggregating up to ₹250.0 Cr) +#OFS : 10,416,667 shares of ₹5(aggregating up to ₹250.0 Cr) crores.

What is the price band of Kross Limited IPO?

The price band for Kross Limited IPO is ₹228 to ₹240 per equity share.

What is the lot size of Kross Limited IPO?

The minimum bid (lot size) for Kross Limited IPO is N/A shares with an investment of approx ₹14,880 .

What is the allotment date of Kross Limited IPO?

The allotment date for Kross Limited IPO is 12 Sep, 2024.

What is the listing date of Kross Limited IPO?

The listing date for Kross Limited IPO is expected to be 16 Sep, 2024.

What is the GMP of Kross Limited IPO?

The latest Grey Market Premium (GMP) for Kross Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Kross Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK