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Kross Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹240
Issue Price
₹240
Face ₹5
GMP
+₹0
+0% premium
Est. Listing
₹240
GMP based
Lot Size
62
shares / lot
Min Amount
₹14,880
1 lot · 62 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
09 Sep 2024
Mon Completed
Done
Close Date
11 Sep 2024
Wed Completed
Done
Allotment
12 Sep 2024
Thu Completed
Done
Refund
13 Sep 2024
Fri Completed
Done
Demat Credit
13 Sep 2024
Fri Completed
Done
Listing Date
16 Sep 2024
Mon Completed
UPI Deadline: 11 Sep 2024
Issue Details
Pricing & Size
Issue Price
₹240 Face ₹5
Lot Size
62 shares
Min Investment
₹14,880
Total Issue Size
2,08,33,332 shares (aggregating up to ₹500.00 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
1,04,16,665 (50.00%)
NII / HNI
31,25,000 (15.00%)
Retail
72,91,667 (35.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
5,40,92,756 shares
Post-Issue Shareholding
6,45,09,423 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 62 ₹14,880
HNI / NII 14 868 ₹2,08,320
bHNI / bNII 68 4,216 ₹10,11,840
Objects of Issue
4 objectives
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
Lead Managers & Market Maker
Book Running Lead Managers
Equirus Capital Pvt.Ltd.
IPO Timeline
Open
09 Sep
✓ Done
Close
11 Sep
✓ Done
Allotment
12 Sep
✓ Done
Listing
16 Sep
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
krosslimited.ipo@kfintech.com
Company Contact
Email
investors@krossindia.com
Phone
+91 0657 2203812
Address
M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108 Jamshedpur, Jharkhand
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹240
Est. Listing
₹240
Lot Size
62 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Kross Ltd. LIVE
INR ·
vs Issue
Open
High
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P/E
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| Price
Market Reference
IPO Issue Price
₹240
GMP
+₹0 (+0%)
GMP Est. Listing
₹240
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 1,04,16,665 (50.00%) ₹25,000.00 Cr
NII / HNI (Total) 31,25,000 (15.00%) ₹7,500.00 Cr
Retail Investors 72,91,667 (35.00%) ₹17,500.00 Cr
Total ** 2,08,33,332 (100.00%) ₹499,999.97 Cr
* Based on ₹240.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
1,04,16,665 (50.00%)
NII
31,25,000 (15.00%)
Retail
72,91,667 (35.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31 Mar 202431 Mar 202331 Mar 2022
Revenue621.46489.36297.88
PAT44.8830.9312.17
EBITDA
Net Worth146.81102.1172.40
Total Assets352.00250.57197.82
Reserves119.7688.5858.88
Borrowings117.9088.2686.06
Key Financial Ratios
30.57%
ROE
Return on Equity
28.15%
ROCE
Return on Capital Employed
30.57%
RONW
Return on Net Worth
7.22%
PAT Margin
PAT / Revenue
0.80
D/E Ratio
Debt to Equity
8.84
P/BV
Price to Book Value
8.30
Pre EPS
EPS Pre-Issue
6.96
Post EPS
EPS Post-Issue
28.93
Pre P/E
P/E Pre-Issue
34.5
Post P/E
P/E Post-Issue
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.

Frequently Asked Questions
What is the issue price of Kross Ltd. IPO?
The issue price of Kross Ltd. IPO is ₹240 per share, face value ₹5.
What is the lot size?
Minimum lot size is 62 shares, requiring ₹14,880.
What are the IPO dates?
Opens 09 Sep 2024, closes 11 Sep 2024.
When is the listing date?
Tentative listing: 16 Sep 2024 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹240 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Kross Ltd. IPO · Expected 12 Sep 2024

Check on Registrar
Post-IPO Timeline
Allotment Date
12 Sep 2024
Refund Initiation
13 Sep 2024
Demat Credit
13 Sep 2024
Listing Date
16 Sep 2024
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹240
Face ₹5
Lot Size
62
shares / lot
Min Amount
₹14,880
1 lot
Est. Listing
₹240
GMP +₹0
Key Dates
Open
09 Sep Done
Close
11 Sep Done
Listing
16 Sep Done
Registrar
Kfin Technologies Ltd.
A
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