What is the issue size of Kross Ltd IPO?

The issue size of the Kross Ltd IPO is 5000000000.00.

What is 'pre-apply' for Kross Ltd IPO?

Pre-apply will allow you to apply for the Kross Ltd IPO 2 days before the subscription period starts.

If I pre-apply for Kross Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Kross Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Kross Ltd IPO order is placed?

We will notify you when your Kross Ltd IPO order is placed with the exchange.

What are the open and close dates of the Kross Ltd IPO?

Kross Ltd IPO will be open between 09 Sep '24 and 11 Sep '24.

What is the lot size and minimum order quantity of the Kross Ltd IPO?

Kross Ltd IPO lot size is 62 and minimum order quantity is 868.

What is the allotment date for the Kross Ltd IPO?

Kross Ltd IPO allotment date is 12 Sep '24. For Kross Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Kross Ltd IPO?

For Kross Ltd, the IPO registrar is KARVY. You can check Kross Ltd IPO allotment status on the website of the registrar.

Where is the Kross Ltd IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Kross IPO

Kross Ltd

₹14,136 /62 sharesMinimum Investment

Kross IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹240.00₹240.00₹0.00 (0.00%)
Kross IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
9 Sep ‘24 - 11 Sep ‘24₹14,13662₹228 - ₹240
Issue SizeIPO Doc
500.00CrRHP PDF
Subscription rateAs of 11 Sep'24, 05:00 PM
Qualified Institutional Buyers23.32x
Non-Institutional Investor22.03x
Retail Individual Investor9.88x
Total16.32x
About Kross
Kross is a manufacturer and supplier of trailer axle and suspension assemblies, along with other different safety-critical parts. These products cater to the medium and heavy commercial vehicle (M&HCV) and farm equipment segments. The company's clientele includes large original equipment manufacturers (OEMs) that manufacture M&HCVs and tractors, tier-one suppliers to these OEMs, and domestic dealers and fabricators in the trailer axle and suspension market. It is also a manufacturer of differential spiders in the M&HCV segment.
Kross operates out of five manufacturing facilities located in Jamshedpur, Jharkhand.;Founded in
1991
Managing director
Mr. Sudhir Rai
Parent organisation
Kross Ltd
Strengths & Financials of KrossStrengths
Risks
Kross’s client portfolio includes names like Ashok Leyland, Tata International DLT, Sweden-based Leax Falun AB, and a Japan-based OEM that manufactures commercial vehicles.
Kross claims that its manufacturing facilities have advanced equipment like forging presses and upsetters with induction billet heaters, a foundry featuring a high-pressure mold line, and high-precision machining tools such as turning centres, vertical and horizontal milling centres, grinding machines, broaching, hobbing, shaping, and robotic welding. The facilities also have an in-house cathodic electro-deposition (CED) plant, powder coating, spray painting, heat treatment furnaces, and induction hardening equipment.
All five manufacturing units of Kross (Units I, II, III, IV, and V) are ISO 9001:2015 certified for the manufacture of axle shafts.
Manufacturing Unit III holds ISO 14001:2015 for the manufacture of axle shafts, universal joints, propeller shaft parts, differential spiders, companion flanges, bevel kit assembly, and CED coating, and ISO 45001:2018 certification for the production of axle shafts, PTO shafts, lift shafts, ring gears, and bevel gear assembly, among other parts.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 297.45 crore in FY22 to Rs 488.63 crore in FY23 to Rs 620.25 crore in FY24. PAT increased from Rs 12.17 crore in FY22 to Rs 30.93 crore in FY23 to Rs 44.88 crore in FY24.
Kross Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Kross IPOApply asPrice bandApply upto
Regular₹228 - 240₹2 Lakh
High Networth Individual₹228 - 240₹2 - 5 Lakh
For Kross IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹240.00	₹240.00	₹0.00 (0.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
9 Sep ‘24 - 11 Sep ‘24	₹14,136	62	₹228 - ₹240

Issue Size	IPO Doc
500.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹228 - 240	₹2 Lakh
High Networth Individual	₹228 - 240	₹2 - 5 Lakh

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Qualified Institutional Buyers	23.32x
Non-Institutional Investor	22.03x
Retail Individual Investor	9.88x
Total	16.32x