Kross Limited IPO Details Today : Kross Limited IPO is Open on 9 September 2024 and Close on 11 September 2024. Kross Limited IPO to Raise 20,833,334 shares (Approx ₹500.00 Cr) via IPO. The Fresh issue of 10,416,667 shares (Approx ₹250.00 Cr) and The Offer For Sale is 10,416,667 shares of ₹5 (Approx ₹250.00 Cr).
We are a diversified player focused on manufacturing and supplying trailer axle and suspension assembly and a wide range of forged and precision machined high-performance safety critical parts for medium and heavy commercial vehicles (“M&HCV”) and farm equipment segments. We are widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India .
In 2019, we commenced the manufacture and sale of trailer axle and suspension assemblies and have witnessed robust growth in the past three years. We have become one of the fastest-growing players in the organized trailer axle manufacturing industry competing with major trailer axle manufacturers. With over three decades of experience, we rely on our product development capabilities to design and deliver proprietary products such as trailer axles and suspension assembly. We are one of the few players domestically, with the competency to manufacture trailer axles and suspension assembly in-house.
With a diversified portfolio of high-performance and safety critical components for the M&HCV and farm equipment segments, we are a specialist in manufacturing safety critical components for the M&HCV segment which include 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 wide variety of tractor components for the hydraulic lift arrangement, power take-off (“PTO”) shafts and front axle spindles.
Kross Limited IPO Date & Price Band Details
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| IPO Size | 20,833,334 shares (Approx ₹500.00 Cr) |
| Fresh Issue | 10,416,667 shares (Approx ₹250.00 Cr) |
| Offer For Sale | 10,416,667 shares of ₹5 (Approx ₹250.00 Cr) |
| Lot Size | 62 Shares |
| IPO Face Value | ₹5 Per Equity Share" |
| IPO Price Band | ₹228 to ₹240 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Kross Limited IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 62 | ₹14,880 |
| Retail Maximum | 13 | 806 | ₹1,93,440 |
| S-HNI Minimum | 14 | 868 | ₹2,08,320 |
| B-HNI Minimum | 68 | 4,2165 | ₹10,11,840 |
Object of the Issue
- Funding of capital expenditure requirements of our Company towards the purchase of machinery and equipment.
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions.
- Funding working capital requirements of the Company.
- General corporate purposes.
Kross Limited IPO Allotment & Listings (Details)
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| Basis of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Credit to Demat Account | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Kross Limited Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹621.46 | ₹560.17 | ₹44.88 |
| 2023 | ₹489.36 | ₹447.65 | ₹30.93 |
| 2022 | ₹297.88 | ₹281.57 | ₹12.17 |
Our Company Promoters
- Sudhir Rai
- Anita Rai
- Sumeet Rai
Kunal Rai
Qualitative Factors
- Long-standing relationship with large OEMs and their tier-one suppliers, domestic dealers, and fabricators for our trailer axle and suspension business complemented by a diversified network of dealers for our trailer axle and suspension assembly business.
- Wide recognition as one of the prominent manufacturers of trailer axles and suspension assemblies in India and one of the few players domestically with the competency to manufacture trailer axles and suspension assemblies in-house•Diversified product portfolio with a focus on continuous value addition.
- Integrated manufacturing operations coupled with in-house product and process design capabilities offer scale, flexibility, and comprehensive solutions.
- Track record of sustained growth and strong financial performance.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Kross Limited | 5.00 | 8.30 | [.] | 30.57% | 27.14 | 6,202.50 |
| Peer Group | ||||||
| Ramkrishna Forgings Limited | 2.00 | 20.27 | 46.55 | 12.72% | 148.48 | 39,548.83 |
| Jamna Auto Industries Limited | 1.00 | 5.15 | 24.30 | 22.74% | 22.64 | 24,267.73 |
| Automotive Axles Limited | 10.00 | 109.95 | 17.05 | 18.97% | 579.63 | 22,291.74 |
| GNA Axles Limited | 10.00 | 23.28 | 17.32 | 12.47% | 186.69 | 15,062.62 |
| Talbros Automotive Components Limited | 2.00 | 17.82 | 19.03 | 20.47% | 87.02 | 7,782.67 |
Also Read: Tolins Tyres IPO
Kross Limited Company Contact Details
Kross Limited
M-4,Phase VI,Gamharia,
Adityapur Industrial Area,
Jamshedpur–832 108, JharkhandContact Person: Debolina Karmakar
E-mail: investors@krossindia.com
Telephone: +91 0657 2203812
Webiste: www.krosslimited.com
Kross Limited Lead Manager
Equirus Capital Private Limited
12th Floor, C Wing, Marathon Futurex, N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra, India
Tel: +91 22 4332 0700
E-mail: kross.ipo@equirus.com
Website: www.equirus.com
Investor grievance e-mail: investorsgrievance@equirus.com
Contact person: Malay Shah/ Mrunal Jadhav
Kross Limited IPO Registrar
KFin Technologies Limited
Selenium Tower B, Plot No.31-32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad-500032, Telangana, India
Telephone: +91 40 6716 2222
Toll Free No.: 18003094001
E-mail:krosslimited.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact Person: M.Murali Krishna
4 thoughts on “Kross Limited IPO Details Today, GMP Price, Date, Review”