Kross IPO

Listed Listed stocks

Kross IPO Details

  • Bidding 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

About Kross Company

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 indepth analysis about ipo

Subscription Status

  • Category

    Status

  • QIBs

    23.3x

  • NIIs

    22.1x

  • Retail

    10.2x

  • Others

    --

  • Total

    16.5x

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FAQs for Kross IPO.

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