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Kross Ltd.

Kross Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹240
₹240
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹240
Based on GMP
Min. Investment
₹14,880
1 lot × 62 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
09 Sep 2024
Close Date
11 Sep 2024
Allotment
12 Sep 2024
Listing Date
16 Sep 2024
Exchange
NSE & BSE
Price Band
₹240
Listing Price
See chart
Allotment Status
Price Band
₹240
Per share
Face Value
₹5 per share
 
Lot Size
62 Shares
per lot
Issue Size
2,08,33,332 shares (aggregating up to ₹500.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,880
1 lot
Pre-IPO Holding
5,40,92,756 shares
Promoters
Post-IPO Holding
6,45,09,423 shares
Promoters
P/E (Pre)
28.93x
 
P/E (Post)
34.5x
 
EPS (Pre)
₹8.30
 
EPS (Post)
₹6.96
 
UPI Deadline
2024-09-11
Mandate
Anchor AllotmentFri, 06 Sep 2024
Basis of AllotmentThu, 12 Sep 2024
Refund InitiationFri, 13 Sep 2024
Demat CreditFri, 13 Sep 2024
Listing DayMon, 16 Sep 2024
UPI Mandate Deadline2024-09-11
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,04,16,666 shares (aggregating up to ₹250.00 Cr)
Offer for Sale1,04,16,666 shares of ₹5 (aggregating up to ₹250.00 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Kross Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Sep 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
20,833,332
100% ₹500.00
IPO Shares Offered
Kross Ltd. IPO total issue size: ₹500.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 20,833,332 ₹500.00
100.00%
* Based on upper price band ₹240 per share
Lot Size & Investment
Lot Size
62
Shares per Lot
Issue Price
₹240.00
Upper Band
Min Investment
₹14,880
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2124₹29,760
Retail (Max — 13 Lots)13806₹193,440
S-HNI (Min — 14 Lots)14868₹208,320
B-HNI (Min — 68 Lots)684,216₹1,011,840
* Issue Price ₹240 × Lot Size 62 shares
IPO Schedule
Anchor
06 Sep 2024
✓ Done
IPO Open
09 Sep 2024
✓ Done
IPO Close
11 Sep 2024
✓ Done
Allotment
12 Sep 2024
✓ Done
Refunds
13 Sep 2024
✓ Done
Demat Credit
13 Sep 2024
✓ Done
Listing Day
16 Sep 2024
✓ Done
Kross Ltd. — Live Price LIVE
₹240.00
INR · BSE
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Issue ₹240.00 Live Price
About Kross Ltd.
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.
Objects of the Issue
1
Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment;
2
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 institutions;
3
Funding working capital requirements of the Company; and
4
General corporate purposes
Kross Ltd. Financials (Amount in Crore)
Revenue from Operations
₹297.9
31 Mar 2022
₹489.4
31 Mar 2023
₹621.5
31 Mar 2024
Profit After Tax (PAT)
₹12.2
31 Mar 2022
₹30.9
31 Mar 2023
₹44.9
31 Mar 2024
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 621.46 489.36 297.88
EBITDA N/A N/A N/A
Profit After Tax (PAT) 44.88 30.93 12.17
Net Worth 146.81 102.11 72.40
Total Assets 352.00 250.57 197.82
Reserves & Surplus 119.76 88.58 58.88
Borrowings 117.90 88.26 86.06
EBITDA Margin (%) N/A
PAT Margin (%) 7.22%
P/BV Ratio
8.84
RoE
30.57%
RoCE
28.15%
RoNW
30.57%
PAT Margin
7.22%
Debt/Equity
0.80
Issue Structure & Shareholding
Total Shares Offered2,08,33,332 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding5,40,92,756 shares
Post-Issue Promoter Holding6,45,09,423 shares
P/BV Ratio8.84
RoE30.57%
RoCE28.15%
Debt / Equity0.80
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Equirus Capital Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Kross Ltd. IPO subscribed?

Kross Ltd. IPO is subscribed 1.00 times by Sep 11, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Kross Ltd. IPO retail subscription status?

The Kross Ltd. IPO retail category is subscribed 1.00 times as of 11 Sep 2024. The retail portion is oversubscribed.

How to subscribe Kross Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 09 Sep 2024 and closes 11 Sep 2024. Min investment: ₹14,880 (1 lot = 62 shares). UPI mandate: 2024-09-11.

How many times Kross Ltd. IPO subscribed?

The Kross Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Kross Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Sep 2024. Refunds: on 13 Sep 2024.

When Kross Ltd. IPO will be listed?

The Kross Ltd. IPO listing date is 16 Sep 2024, Monday. Listed on: NSE & BSE. Issue price: ₹240. Estimated listing: ₹240. GMP: NIL.

When Kross Ltd. IPO close?

The Kross Ltd. IPO closes on 11 Sep 2024, Wednesday. UPI mandate: 2024-09-11. Allotment: 12 Sep 2024. Listing: 16 Sep 2024.