Kross Limited IPO price band sets to Rs. 228 to Rs. 240 per equity share with a face value of Rs. 5 each. The minimum order quantity of the issue is 62 equity shares. The minimum amount required for retail investor is Rs. 14880.
Kross Limited IPO subscription starts from Monday, September 9 and ends on Wednesday, September 11, 2024. The IPO is a book built issue of Rs. 500 crore. The issue is a combination of fresh issue up to Rs. 250 crores and offer for sale of up to Rs. 250 crores.
The allotment for the Kross Limited is expected to finalized on Thursday, September 12. Kross Limited will list on BSE and NSE with tempting date fixed as Monday, September 16, 2024.
Equirus Capital Private Limited is book running lead manager of the issue. Axis Bank Limited and HDFC Bank Limited is sponsor bank of the IPO. KFin Technologies Limited is registrar to the issue.
Financials –
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 621.46 | 489.36 | 297.88 |
| Net Worth | 146.80 | 102.10 | 72.40 |
| Profit after Tax | 44.88 | 30.93 | 12.17 |
| Cash Flow from operating activities | 8.25 | 41.74 | 17.54 |
| Total Borrowings | 117.90 | 88.26 | 86.05 |
About Kross Limited (https://www.krosslimited.com/)
stablished in the year 1994, Kross Limited is a diversified player engaged in manufacturing and supplying trailer axle and suspension assemblies, and a wide range of forged, cast and precision machined safety critical parts for the medium and heavy commercial vehicle (“M&HCV”) segment, and the farm equipment segments.
The Company operate five manufacturing facilities in Jamshedpur, Jharkhand.
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