Kross Limited IPO
Kross Limited IPO is listed on BSE and NSE, priced at ₹228–₹240 per share. The stock debuted at ₹240 with a flat listing performance. The IPO had a lot size of ₹62 shares and a minimum investment of ₹14,880.
Kross Limited IPO
- IPO Dates
- Sep 9, 2024 – Sep 11, 2024
- Price band
- ₹228-240 per equity share
- Minimum Investment
- ₹14,880
- Issue size
- ₹500 Cr
- Lot size
- 62
- Allotment Date
- Sep 12, 2024
- Listing
- Sep 16, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 9, 2024
Open Date
Completed
-
Sep 11, 2024
Close Date
Completed
-
Sep 12, 2024
Allotment Date
Completed
-
Sep 16, 2024
Listing Date
Completed
Price Summary
- Last closing
- 192.70 (-19.71%)
- 52 week high
- 237.60
- 52 week low
- 150.52
- Last update
Kross Limited IPO Essentials
Kross Limited IPO Details
Kross Limited IPO is priced at ₹228-240 per share with a total issue size of 500 crore. The IPO has a lot size of 62 shares and is listed on BSE and NSE.
- Issue price
- ₹228-240 per equity share
- Lot size
- 62 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- Total ₹500.0 Cr :
#Fresh Issue : 10,416,667 shares(aggregating up to ₹250.0 Cr) +
#OFS : 10,416,667 shares of ₹5(aggregating up to ₹250.0 Cr) - Total issue size
- 2,08,33,334 shares
(aggregating up to ₹500 crore) - Fresh issue
- 1,04,16,667 shares
(aggregating up to ₹250 crore) - Offer for sale (OFS)
- 1,04,16,667 shares
(aggregating up to ₹250 crore) - Listing at
- BSE, NSE
- List price
- 240.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Equirus Capital Private Limited
Market Lot Size
Investors can bid for a minimum of 62 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 62 | ₹14,880 |
| Retail(max) | 13 | 806 | ₹1,93,440 |
Kross Limited IPO Reservation
Kross Limited IPO reservation details show category-wise allocation of shares. Out of the total 2,08,33,332 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 62,49,999 (30%) | |
| QIB Shares Offered | 41,66,667 (20%) | |
| NII (HNI) Shares Offered | 31,25,000 (15%) | |
| bHNI > ₹10L | 20,83,534 (10%) | 2,400 |
| sHNI < ₹10L | 10,41,466 (5%) | 1,199 |
| Retail Shares Offered | 72,91,666 (35%) | 1,17,607 |
| Total Shares Offered | 2,08,33,332 (100%) |
Kross Limited IPO Analytics
Kross Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Kross Limited IPO Subscription Status
Kross Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,166,667 |
3,125,000
2,083,534
1,041,466
|
7,291,666 | 14,583,333 |
|
Day 1
09-09-24 05:00 PM
|
0.00 x |
0.59x
0.38x
1.00x
|
1.49 x | 0.87 x |
|
Day 2
10-09-24 05:00 PM
|
0.02 x |
2.87x
2.35x
3.91x
|
3.87 x | 2.56 x |
|
Day 3
11-09-24 05:00 PM
|
23.32 x |
22.15x
22.05x
22.34x
|
10.31 x | 16.56 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 13,01,834 (Approx) | —x | —x | 10.84x |
Kross Limited Valuations
Earnings
- EPS Pre IPO
- 8.3
- EPS Post IPO
- 6.96
- P/E Pre IPO
- 28.93
- P/E Post IPO
- 34.5
Returns
- ROE
- 30.57%
- ROCE
- 28.15%
- RoNW
- 30.57%
- PAT Margin
- 7.22
Fundamentals
- Debt / Equity
- 0.80
- Price / Book
- 8.84
Kross Limited Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 352.0 | 250.57 | 197.82 |
| Revenue | 621.46 | 489.36 | 297.88 |
| Profit After Tax | 44.88 | 30.93 | 12.17 |
| Net Worth | 146.81 | 102.11 | 72.4 |
| Reserves & Surplus | 119.76 | 88.58 | 58.88 |
| Total Borrowing | 117.9 | 88.26 | 86.06 |
Kross Limited Company & Offer Insights
About Kross Limited
Kross Limited, formerly known as Kross Manufacturers (India) Private Limited, established in 1991, manufactures and supplies trailer axles and suspensions and a wide range of high-performance forged and precision machined safety critical parts for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment.
The company's product portfolio includes 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 a variety of tractor components for the hydraulic lift arrangement, power take-off (PTO) shafts and front axle spindles.
The company supplies its products to major original equipment manufacturers (OEMs) that manufacture M&HCVs and tractors, as well as to domestic dealers and trailer axle and suspension manufacturers that supply OEMs in the M&HCV segment.
Kross Limited has five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand, with the capacity to manufacture forgings weighing up to 40 kg. The production facilities are equipped with (i) forging presses and upsetting lines with induction heating for billets, (ii) a foundry with a high-pressure moulding line, (iii) high precision machining machines like turning centers, vertical and horizontal milling centres, Grinding, broaching, hobbing and shaping machines as well as robot welding systems, (iv) an in-house cathodic electro dip painting system (CED system), powder coating and spray painting and (v) heat treatment furnaces and induction hardening systems.
As of June 30, 2024, the company had 528 permanent employees.
Kross Limited Promoter(s)
Sudhir Rai, Anita Rai are the company's promoters of Kross Limited.
Kross Limited IPO Issue Objectives
- •
- 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
- •
- General corporate purposes
Kross Limited IPO - Anchor Investors
Auto parts-maker Kross raises Rs 150 Crores from anchor investors ahead of IPO.
EastSpring Investments, Mathews Asia Funds, LIC Mutual Fund (MF), ICICI Prudential MF, Axis MF, Kotak Mahindra MF, Motilal Oswal MF, Edelweiss MF and Max Life Insurance Company are among the anchor investors.
Kross Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kross Limited | 8.3 | 8.3 | 27.14 | N/A | 30.57 | N/A | Standalone |
| Ramkrishna Forgings Ltd. | 20.27 | 20.09 | 148.48 | 46.55 | 12.72 | N/A | Consolidated |
| Jamna Auto Industries Ltd. | 5.15 | 5.15 | 22.64 | 24.3 | 22.74 | N/A | Consolidated |
| Automotive Axles Ltd. | 109.95 | 109.95 | 579.63 | 17.05 | 18.97 | N/A | Consolidated |
| G N A Axles Ltd | 23.28 | 23.28 | 186.69 | 17.32 | 12.47 | N/A | Consolidated |
| Talbros Automotive Components Ltd. | 17.82 | 17.82 | 87.02 | 19.03 | 20.47 | N/A | Consolidated |
Notes:
- Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 14, 2024, divided by the Diluted EPS provided.
- Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest), as of March 31, 2024.
- NAV per equity share has been computed as the Net Worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding, as of March 31, 2024.
Kross Limited IPO - Strengths and Risks
Kross Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Kross Limited
+91 0657 2203812
M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Kross Limited IPO is a book-built IPO worth ₹500 crore. The price band is ₹228–₹240 per share. The IPO opens on Sep 9, 2024 and closes on Sep 11, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Kross Limited IPO is ₹228 to ₹240 per share.
The lot size of Kross Limited IPO is 62 shares.
The minimum investment for Kross Limited IPO is approximately ₹14,880 based on the upper price band .
Kross Limited IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
The allotment date of Kross Limited IPO is Sep 12, 2024.
Kross Limited IPO is expected to be listed on Sep 16, 2024, on BSE and NSE .
Kross Limited IPO listed on Sep 16, 2024. It was issued at ₹240.0(NSE) and is currently around ₹192.70 as on 26-May-2026 3:30 PM, which is approximately -19.7% versus issue price. The 52-week high is ₹237.60.
Based on listing and post-listing performance, Kross Limited IPO delivered around -19.7% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Kross Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Kross Limited IPO valuation snapshot: P/E 34.5, EPS 6.96, P/B 8.84, RoNW 30.57%, and market cap N/A.
To apply for Kross Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Kross Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Kross Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Kross Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kross Limited IPO allotment status on IPO Ji for quick and easy access.