
Kross Limited
Mainboard₹14,880 / 62 Shares
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
NO REVIEWKross 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 62 | ₹14,880 |
| Retail (Max) | 13 | 806 | ₹1,93,440 |
| S-HNI (Min) | 14 | 868 | ₹2,08,320 |
| S-HNI (Max) | 67 | 4154 | ₹9,96,960 |
| B-HNI (Min) | 68 | 4216 | ₹10,11,840 |
Kross Limited IPO Timeline
Issue Price
₹228-240 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Equirus Capital Private LimitedIssue 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 Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 352.0 | 621.46 | 44.88 | 146.81 | 119.76 | 117.9 |
| 31 Mar 23 | 250.57 | 489.36 | 30.93 | 102.11 | 88.58 | 88.26 |
| 31 Mar 22 | 197.82 | 297.88 | 12.17 | 72.4 | 58.88 | 86.06 |
All values are in ₹ Cr.
Kross Limited IPO Valuations
EPS Pre IPO
8.3EPS Post IPO
6.96PE Pre IPO
28.93PE Post IPO
34.5ROE
30.57%ROCE
28.15%Debt Equity
0.80RoNW
30.57%PAT Margin
7.22Price to Book Value
8.84Promoters & Share Holding
Promoter(s) Name
- Sudhir Rai
- Anita Rai
| Share Holding Pre Issue | Share 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.
Kross Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,166,667 | 3,125,000 2,083,534 1,041,466 | 7,291,666 | 14,583,333 |
Day 1 -09-09-24 05:00 PM | 0.00 x | 0.59 0.38 x 1.00 x | 1.49 x | 0.87 x |
Day 2 -10-09-24 05:00 PM | 0.02 x | 2.87 2.35 x 3.91 x | 3.87 x | 2.56 x |
Day 3 -11-09-24 05:00 PM | 23.32 x | 22.15 22.05 x 22.34 x | 10.31 x | 16.56 x |
Retail:10.84x
BHNI:4.70x
SHNI:22.66x times
Company Contact Details
Kross Limited
M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
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.
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.
