Kross IPO Details: Kross IPO is set to open on September 9, 2024, and will close on September 11, 2024. This IPO follows a Book Built Issue format, aiming to raise approximately ₹500.00 crores. The offer includes a fresh issue of ₹250.00 crores and an offer for sale of up to ₹250.00 crores, totaling 10,416,667 equity shares with a face value of ₹5 each.
The price band for the Kross IPO is set between ₹228 to ₹240 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The IPO is expected to be listed on both the BSE and NSE on September 16, 2024, with the allotment date scheduled for September 12, 2024.
For the financial year 2024, the company reported a revenue of ₹621.46 crores, up from ₹489.36 crores in 2023. Net profit also saw an increase, reaching ₹44.88 crores in 2024 compared to ₹30.93 crores in 2023. Given these financials, investors may consider applying for the IPO with a long-term perspective.
Kross IPO Objectives:
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of capital expenditure requirements of the 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 the Company, from banks and financial institutions;
- Funding working capital requirements of the Company; and
- General corporate purposes
Kross IPO Review (Apply or Not)
- Update soon
Kross IPO Date & Price Band Details:
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹228 to ₹240 Per Share |
| Issue Size: | Approx ₹500 Crores |
| Fresh Issue: | Approx ₹250 Crores |
| Offer for Sale: | Approx 10,416,667 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Kross IPO Lot Size:
The minimum market lot size for the Kross IPO is 62 shares, requiring an application amount of ₹14,880. Retail investors can apply for up to 13 lots, which amounts to 806 shares or an investment of ₹193,440.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 62 | ₹14,880 |
| Retail Maximum | 13 | 806 | ₹193,440 |
| S-HNI Minimum | 14 | 868 | ₹208,320 |
| B-HNI Minimum | 68 | 4,216 | ₹1,011,840 |
Kross IPO Timeline:
The Kross IPO will open on September 9 and close on September 11, 2024. The allotment of shares is scheduled to be finalized on September 12, 2024, with the listing date set for September 16, 2024.
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Basis of Allotment: | September 12, 2024 |
| Refunds: | September 13, 2024 |
| Credit to Demat Account: | September 13, 2024 |
| IPO Listing Date: | September 16, 2024 |
Kross IPO GMP Today:
GMP for Kross IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Kross IPO
Kross Limited is promoted by Sudhir Rai and Anita Rai.
About Kross Limited
Founded in 1994, Kross Limited specializes in manufacturing a wide range of high-performance safety components for the tractor, trailer axle, and commercial vehicle industries. The company operates five advanced manufacturing facilities located in Jamshedpur, Jharkhand, equipped with innovative machinery such as upsetters, forging presses, precision machining tools, foundries, and specialized software to deliver customized solutions.
Kross Limited serves a diverse clientele, including major original equipment manufacturers (OEMs), domestic dealers, and fabricators. The company currently produces a broad range of components and has the capability to manufacture forged parts weighing up to 40 kg. To further enhance its product offerings and expand its capacity, Kross is investing in the expansion of its existing facilities and the addition of new production lines.
Kross IPO Company Financial Report
The company reported revenue of ₹621.46 crores in 2024 against ₹489.36 crores in 2023. The company reported a profit of ₹44.88 crores in 2024 against a profit of ₹30.93 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹297.88 | ₹281.57 | ₹12.17 | ₹197.82 |
| 2023 | ₹489.36 | ₹447.65 | ₹30.93 | ₹250.57 |
| 2024 | ₹621.46 | ₹560.17 | ₹44.88 | ₹352.00 |
Kross IPO Valuation – FY2024
Check Kross IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 30.57% |
| ROCE: | 28.15% |
| EBITDA Margin: | 13.02% |
| PAT Margin: | 7.22% |
| Debt to equity ratio: | 0.80 |
| Earning Per Share (EPS): | ₹8.30 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.57% |
| Net Asset Value (NAV): | ₹27.14 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ramkrishna Forgings Limited | 20.27 | 46.55 | 12.72 | 148.48 | 3954.88 Cr. |
| Jamna Auto Industries Limited | 5.15 | 24.30 | 22.74 | 22.64 | 2426.77 Cr. |
| Automotive Axles Limited | 109.95 | 17.05 | 18.97 | 579.63 | 2229.17 Cr. |
| GNA Axles Limited | 23.28 | 17.32 | 12.47 | 186.69 | 1506.26 Cr. |
| Talbros Automotive Components Limited | 17.82 | 19.03 | 20.47 | 87.02 | 778.27 Cr. |
Kross IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: krosslimited.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Private Limited
Company Address
Kross IPO Limited
M-4, Phase VI, Gamharia,
Adityapur Industrial Area,
Jamshedpur – 832108
Phone: +91 0657 2203812
Email: investors@krossindia.com
Website: https://www.krosslimited.com/
Kross IPO FAQs
1. What are the Kross IPO opening and closing dates?
The Kross IPO will open for subscription on September 9, 2024, and will close on September 11, 2024.
2. What is the Kross IPO price band?
The price band for the Kross IPO is set between ₹228 and ₹240 per share.
3. What is the lot size for the Kross IPO?
The minimum lot size for the Kross IPO is 62 shares. Retail investors need to apply for a minimum of 62 shares, which requires an application amount of ₹14,880.
4. How much can a retail investor apply for in the Kross IPO?
Retail investors can apply for up to 13 lots in the Kross IPO, which amounts to 806 shares or an investment of ₹193,440.
5. What is the allocation percentage for different investor categories in the Kross IPO?
The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
6. When will the Kross IPO allotment be finalized?
The allotment of shares for the Kross IPO is expected to be finalized on September 12, 2024.
7. When will Kross Limited shares be listed on the stock exchanges?
Kross Limited shares are scheduled to be listed on the BSE and NSE on September 16, 2024.
8. What is the total issue size of the Kross IPO?
The Kross IPO aims to raise approximately ₹500.00 crores, which includes a fresh issue of ₹250.00 crores and an offer for sale of up to ₹250.00 crores.
9. Who are the promoters of Kross Limited?
The promoters of Kross Limited are Sudhir Rai and Anita Rai.
10. What are the key business operations of Kross Limited?
Kross Limited manufactures high-performance safety components for the tractor, trailer axle, and commercial vehicle industries. The company has five manufacturing facilities in Jamshedpur, Jharkhand, and serves a diverse range of clients, including major OEMs, domestic dealers, and fabricators.
11. What are the financial highlights of Kross Limited?
For the financial year 2024, Kross Limited reported a revenue of ₹621.46 crores, an increase from ₹489.36 crores in 2023. The net profit for 2024 stood at ₹44.88 crores, up from ₹30.93 crores in 2023.
12. How can I apply for the Kross IPO?
You can apply for the Kross IPO through ASBA (Application Supported by Blocked Amount) available via your bank account, or through a broker’s platform if you have a Demat account.
