Kross IPO
ListedKross IPO Details
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Bidding Date
09-Sep-2024 to
11-Sep-2024 -
Issue Size
₹500 Cr
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Price Band
₹228 to ₹240
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Allotment date
12-Sep-2024
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Listing date
16-Sep-2024
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Lot size
62
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No. of shares
2,08,33,334
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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
Subscription Status
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Category
Status
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QIBs
23.3x
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NIIs
22.1x
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Retail
10.2x
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Others
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Total
16.5x
FAQs for Kross IPO.
What is the issue size of Kross IPO?
The issue size of Kross is ₹500.00 Cr.
What is the industry of Kross?
Kross falls into Auto Ancillaries industry.
Where Kross IPO will be listed?
The Kross IPO will be listed on BSE.
What are the open and close dates for the Kross IPO?
The open and close dates for the Kross are 09-Sep-2024 & 11-Sep-2024.
What are the price band for Kross IPO?
The price band for the Kross ipo is ₹228 to ₹240
What is the listing date of Kross IPO?
The listing date of Kross IPO is 16-Sep-2024.
What is the purpose for the Kross IPO?
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
How much times Kross IPO subscribed?
Kross total subscription ratio is 16.5X.
What are the key financials for the Kross IPO?
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 |