Issue Price
₹ 228-₹ 240
per equity share
Issue Size
1.54 crores
equity share
Face Value
₹ 5
per equity share
Market Lot
62
equity share
Please note
Listing at BSE ,NSE
KROSS LIMITED
Important Dates
IPO Open Date
09 Sep 2024
IPO Close Date
11 Sep 2024
Allotment Date
12 Sep 2024
Initiation of Refunds
13 Sep 2024
Credit of Shares to Demat Account
13 Sep 2024
IPO Listing Date
16 Sep 2024
UPI Mandate Expiry Date
11 Sep 2024
IPO Details
Kross is open for subscription from Monday, September 9, 2024, and closing on Wednesday, September 11, 2024. The price band for this IPO is set to Rs 228 – Rs 240 per share.
The company is offering a fresh issue of 1.04 crore equity shares amounting up to Rs 250 crore and an OFS of 1.04 crore equity shares amounting up to Rs 250 crore; this aggregates to a total size of 2.08 crore equity shares amounting up to Rs 500 crore.
The allotment for this new IPO is expected to be finalised on Thursday, September 12, 2024. This IPO will be listed on the NSE and BSE exchanges on Monday, September 16, 2024.
The IPO is managed by Equirus Capital Private Limited, which is book running as the lead manager of this IPO. The company has appointed Kfin Technologies Limited as the registrar for the issue.
Seize the deal, apply for IPO today!
Apply for IPOAbout KROSS LIMITED
Kross Limited was incorporated as Kross Manufacturers (India) Private Limited on July 29 1991. It manufactures trailer axles, suspensions, and a range of high-performance forged and precision-machined safety-critical parts for medium and heavy-duty commercial vehicles and agricultural equipment. The wide range of products includes axle shafts, companion flanges, anti-roll bars, bevel gears, tractor components like PTO shafts, and front axle spindles.
The company supplies these products to leading OEMs in the M&HCV and tractor segments. Kross Limited operates five ISO 9001:2015-certified manufacturing facilities at Jamshedpur, Jharkhand, with 528 permanent staff as of June 30, 2024.
Parent Organisation
-
Founded
1991
Managing Director
Sudhir Rai and Anita Rai
IPO Objectives
The company says they will utilise the Net Proceeds received from fresh issue towards several key objectives of the following nature: funding capital expenditure requirements in connection with the purchase of machinery and equipment, repayment or prepayment, in full or in part, of certain outstanding borrowings from banks and financial institutions, funding the company's working capital requirements, and funding towards general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open a Demat Account Now
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
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