Kross Ltd
Price Range
₹228 - ₹240
Min. Quantity
62
Closes on
11 September 2024
Min. investment
₹14,880/806 Shares
Kross Ltd IPO Timeline
Kross Limited was incorporated as 'Kross Manufacturers (India) Private Limited', as a Private Limited Company vide Certificate of Incorporation dated May 9, 1991, issued by the Registrar of Companies, Bihar at Patna. Thereafter, the name of Company was changed from 'Kross Manufacturers (India) Private Limited' to 'Kross Private Limited' dated September 26, 2016. Again, the name of Company was changed upon conversion from a Private Limited Company 'Kross Private Limited', to Public Limited Company 'Kross Limited' and a fresh Certificate of Incorporation issued by the Registrar of Companies Jharkhand at Ranchi dated January 17, 2017.
| Event | Date |
|---|---|
| Kross Ltd IPO Opening Date | 9 September 2024 |
| Kross Ltd IPO Closing Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refunds | 13 September 2024 |
| Credit of Shares to Demat | 13 September 2024 |
| Kross Ltd IPO Listing Date | 16 September 2024 |
Kross Ltd IPO Details
| Kross Ltd IPO Date | 9 September 2024 to 11 September 2024 |
| Kross Ltd IPO Face Value | ₹5 per share |
| Kross Ltd IPO Price | ₹228 to ₹240 per share |
| Kross Ltd IPO Lot Size | 62 |
| Issue Size | Shares of ₹5 (aggregating up to ₹500 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹250 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹250 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 43,85,964 of the Net Offer |
| Retail Shares Offered | Not less than 76,75,439 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 32,89,474 of the Net Offer |
| Company Promoters | Sudhir Rai, Anita Rai, Sumeet Rai |
Kross Ltd IPO Lot Size
The Kross Ltd IPO lot size is 62 shares. A retail-individual investor can apply for up to 13 lots (806 shares or ₹1,93,440).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 62 | ₹14,880 |
| Maximum | 13 | 806 | ₹1,93,440 |
- Strengths
- Risks
- Opportunities
- Long standing relationship with large OEMs and their tier one suppliers, domestic dealers and fabricators for its trailer axle and suspension business complemented by a diversified network of dealers for its trailer axle and suspension assembly business.
- Wide recognition as one of the prominent manufacturers of trailer axles and suspension assemblies in India and one of the few players domestically with the competency to manufacture trailer axles and suspension assembly in-house.
- Diversified product portfolio with a focus on continuous value addition.
- Integrated manufacturing operations coupled with in-house product and process design capabilities which offer scale, flexibility and comprehensive solutions.
- Track record of sustained growth and strong financial performance.
Company Financials
Kross Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 352 | 621.46 | 44.88 |
| 03-2023 | 250.57 | 489.36 | 30.93 |
| 03-2022 | 197.2 | 297.88 | 12.17 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure requirements of the company towards purchase of machinery and equipment
- Repayment or prepayment in full or in part of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutional
- Funding working capital requirements of the company
- General corporate purposes
Kross Ltd IPO Promoter Holding
| Pre Issue Share Holding | 57.68% |
| Post Issue Share Holding | 37.51% |
Kross Ltd IPO Subscription Status (Bidding Detail)
The Kross Ltd IPO is subscribed 16.81 times on 11 September 2024 05:00:00 PM. The public issue subscribed 10.76 times in the retail category, 23.32 times in the QIB category, and 22.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 23.32 | 22.24 | 10.76 | - | 16.81 |
Kross Ltd IPO Prospectus
Kross Ltd IPO Listing Date
| Listing Date | 16 September 2024 |
| BSE Script | 544253 |
| NSE Symbol | KROSS |
| Listing In | BSE, NSE |
| ISIN | INE0O6601022 |
| IPO Price | ₹240 |
| Face Value | ₹5 |
Company Contact Information
M 4 Phase VI GamhariaAdityapur Industrial Area,Jamshedpur-832108
Phone: +91 0657 2203812
Email: investors@krossindia.com
Website: www.krosslimited.com
Kross Ltd IPO Registrar
Kross Ltd IPO Lead Manager(s)
- Equirus Capital Pvt Ltd
FAQ
What is the issue size of Kross Ltd IPO?
I have pre-applied for Kross Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.