Recently Viewed
Clear AllBidding Date
09-Sep-2024 to
11-Sep-2024
Issue Size
₹500 Cr
Price Band
₹228 to ₹240
Allotment date
12-Sep-2024
Listing date
16-Sep-2024
Lot size
62
No. of shares
2,08,33,334
Fresh issue/OFS
₹250 Cr/₹250 Cr
Kross Ltd, with over three decades of experience, is focused on the production of trailer axles, suspension assemblies, and a wide range of forged and precision-machined safety-critical parts primarily for the M&HCV and farm equipment sectors. Their products include axle shafts, coupling flanges, differential spiders, bevel gear assemblies, and more. They cater to a broad customer base, including large OEMs, tier-one suppliers, domestic dealers, and fabricators. Their manufacturing facilities, located in Jamshedpur, Jharkhand, are equipped with state-of-the-art technology, including forging presses, high-precision machining equipment, and advanced metallurgical testing tools.
Read our in-depth analysis of the Kross Ltd IPO Here
Category
Status
QIBs
23.3x
NIIs
22.1x
Retail
10.2x
Others
--
Total
16.5x
The issue size of Kross is ₹500.00 Cr.
Kross falls into Auto Ancillaries industry.
The Kross IPO will be listed on BSE.
The open and close dates for the Kross are 09-Sep-2024 & 11-Sep-2024.
The price band for the Kross ipo is ₹228 to ₹240
The listing date of Kross IPO is 16-Sep-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Kross total subscription ratio is 16.5X.
Key financial of the Kross are:
| Kross | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 620.25 | 488.63 | 297.46 |
| EBIT (₹ Cr) | 74.97 | 53.2 | 24.05 |
| Proft after Tax (₹ Cr) | 44.88 | 30.93 | 12.17 |
| Debt (₹ Cr) | 116.93 | 88.03 | 85.95 |
| Net Worth (₹ Cr) | 146.81 | 102.11 | 72.4 |
| RoE (%) | 30.57 | 30.29 | 16.81 |