Kross Limited IPO Subscription Status: 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 is 10,416,667 shares (Approx ₹250.00 Cr) and The Offer For Sale is 10,416,667 shares of ₹5 (Approx ₹250.00 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Kross Limited IPO is an Mainline IPO and Listed on NSE & BSE. Kross Limited IPO Price Band is Fixed at ₹240 Equity Share. Kross Limited IPO Lot Size is 62 Shares.
Also Read: Kross Limited IPO Details Today, GMP Price, Date, Review
Kross Limited IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 4,166,667 | 10,22,81,462 | 24.55 |
| Non Institutional Buyers (NIIs) | 3,125,000 | 7,31,12,818 | 23.40 |
| BNII | 2,083,534 | 4,83,55,474 | 23.21 |
| SNII | 1,041,466 | 2,47,57,344 | 23.77 |
| Retail Individual Buyers (RIIs) | 7,291,666 | 8,21,07,344 | 11.26 |
| Anchor Investors | 62,49,999 | 62,49,999 | 1 |
| Total | 14,583,333 | 25,75,01,624 | 17.66 |
Kross Limited IPO Subscription Status day-by-day-
| Categories | 9 Sep | 10 Sep | 11 Sep |
|---|---|---|---|
| QIB | 0.00 | 0.03 | 24.55 |
| NII | 0.64 | 3.03 | 23.40 |
| RII | 1.62 | 4.15 | 11.26 |
| Total | 0.95 | 2.73 | 17.66 |
About IPO :
Kross Limited 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 holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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