Kross IPO Review
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Kross IPO Details
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ā¹5 Per Equity Share |
| IPO Price Band: | ā¹228 to ā¹240 Per Share |
| Issue Size: | Approx ā¹500 Crores |
| Fresh Issue: | Approx ā¹250 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 IPO Market Lot
The Kross IPO minimum market lot is 62 shares with ā¹14,880 application amount. The retail investors can apply up-to 13 lots with 806 shares or ā¹193,440 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 62 | ā¹14,880 |
| Retail Maximum | 13 | 806 | ā¹193,440 |
| S-HNI Minimum | 14 | 868 | ā¹208,320 |
| B-HNI Minimum | 68 | 4,216 | ā¹1,011,840 |
Kross IPO Dates
The Kross IPO date is September 9 and the close date is September 11. The Kross IPO allotment will be finalized on September 12 and the IPO listing on September 16.
| 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 |
Promoters of Kross IPO
The promoters of the company are Sudhir Rai and Anita Rai.
About Kross IPO
Kross Limited was Established in the year 1994. The company manufactures a wide variety of high-performance, vital safety components for the tractor, trailer axle, and commercial vehicle industries. They employ innovative machinery including upsetters, forging presses, precision machining tools, foundries, and specialized software for custom services at their five manufacturing facilities in Jamshedpur, Jharkhand.
The company supplies its products to a diversified client base, including large original equipment manufacturers (OEMs), domestic dealers, and fabricators. Currently, the company manufactures a large variety of components and has the capacity to manufacture forged parts of up to 40 kg input weight. It is expanding its capacity and increasing product offerings through the expansion of existing facilities and the addition of further production lines.
Kross IPO Company Financial Report
The company reported revenue of ā¹621.46 crores in 2024 against ā¹489.36 crores in 2023. The company reported a profit of ā¹44.88 crores in 2024 against a profit of ā¹30.93 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹297.88 | ā¹281.57 | ā¹12.17 | ā¹197.82 |
| 2023 | ā¹489.36 | ā¹447.65 | ā¹30.93 | ā¹250.57 |
| 2024 | ā¹621.46 | ā¹560.17 | ā¹44.88 | ā¹352.00 |
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): | ā¹8.30 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.57% |
| Net Asset Value (NAV): | ā¹27.14 |
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. |
Objects of the Issue
- 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 Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
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: [email protected]
Website: https://www.krosslimited.com/
Kross IPO FAQs
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When Kross IPO will open for subscription?
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What is Kross IPO Lot Size?
What is the Kross IPO Allotment Date?
What is the Kross IPO Listing Date?
Note: The Kross IPO price band and date are officially announced. The (Kross IPO grey market premium) will be added to the IPO GMP page as it will start).
4 Responses
I my amount not unblock till today pls unblock the amount 14880
Mera announcement status nahi bata raha please mera announcement status dikhayen
Please let me know if the investment in Kross is worth for long-term gains or not??
Hi Mahesh,
Go for long term view.