Kross Limited IPO Details Today, GMP Price, Date, Review

Kross Limited IPO Details Today, GMP Price, Date, Review

Kross Limited IPO Details Today : Kross Limited IPO is Open on [.] 2024 and Close on [.] 2024. Kross Limited IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] shares (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.

 

 Object of the Issue

  1.  Funding of capital expenditure requirements of our 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 our Company, from banks and financial institutions.
  3.  Funding working capital requirements of the Company.
  4.  General corporate purposes.

 

 Our Company Promoters

  1.  Sudhir Rai
  2.  Anita Rai
  3.  Sumeet Rai
  4.  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.

 

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 Registar

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

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