Kross Limited

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Offer Period :

Kross Ltd is a diversified manufacturer specializing in forged and precision machine parts for medium and heavy commercial vehicles (M&HCV) and farm equipment. Read more... Renowned for safety critical components in M&HCVs, they supply top OEMs, leveraging growth opportunities in expanding industries.Read less

Kross Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Kross Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Kross Limited IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id krosslimited.ipo@kfintech.com;
Our Website www.kfintech.com

Kross Limited IPO Lead Manager

1. Equirus Capital Pvt Ltd

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Kross Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Kross Limited

1. Long standing relationship with large OEMs and their tier one suppliers, domestic dealers and fabricators for our trailer axle and suspension business complemented by a diversified network of dealers for our trailer axle and suspension assembly business.

2. Wide recognition as one of the prominent manufacturers of trailer axles and suspension assemblies in India and one of the few players domestically with the competency to manufacture trailer axles and suspension assembly in-house.

3. Diversified product portfolio with a focus on continuous value addition.

4. Integrated manufacturing operations coupled with in-house product and process design capabilities which offer scale, flexibility and comprehensive solutions.

5. Track record of sustained growth and strong financial performance.

Risks Involved

1. Customer concentration risk - its top five customers contributed a significant portion (more than 68.00% in each of the three month period ended June 30, 2023 and the previous three Fiscals) of its revenues. The loss of a major customer or reduction in demand for its products from any of its major customers may adversely affect the company's business, financial condition, results of operations and prospects.

2. End-user industry risk - Demand for its products is linked to growth and trends in sales of vehicles by the company's customers. Decline in sales of its customers may adversely affect the demand for the company products which in turn would adversely impact its business, financial condition, results of operations and prospects.

3. Product concentration risk - its derives a substantial portion of the company's revenue (more than 30% in each of the three month period ended June 30, 2023 and Fiscal 2023 and more than 10% in each of Fiscal 2022 and Fiscal 2021) from the sale of trailer axle and suspension assemblies for medium and heavy commercial vehicles ("M&HCV"). Further, its top three product segments accounted for more than 90% of its revenues for the above periods. Any reduction in demand for its key products would have a material adverse effect on its business, financial condition, results of operations and cash flows.

4. Manufacturing facility disruption risk - its manufacturing facilities are subject to operating risks. Any shutdown of its manufacturing facilities of its existing or future manufacturing facilities or other production problems caused by unforeseen events may reduce sales and adversely affect its business, cash flows, results of operations and financial condition.

5. Manufacturing facility geographical concentration - its manufacturing facilities are located in the same geographical location and any disruptions in its manufacturing process due to local and regional factors could have an adverse effect on its business, financial condition and results of operations.

6. Product quality risk - the company is subject to strict quality requirements and any product defect issues or failure by it to comply with quality standards could adversely affect its business, results of operations, cash flows and financial condition.

7. Lack of long-term contracts - the company does not have firm commitment agreements with its customers. If its customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.

8. Inventory management risk - If the company fail to accurately predict the demand for its products or if customers vary or cancel production orders, its may incur costs associated with excess inventory, including towards raw material charges, elongated working capital cycle and storage costs, any or all of which can adversely impact its financial results, profitability and future prospects.

9. Product pricing risk - Pricing pressure from customers may adversely affect its gross margin, profitability and ability to increase the company prices.

10. Raw material sourcing risk - the company depends on a limited number of third parties for the supply of raw materials and failure by its suppliers to meet their obligations may cause change in availability and cost of raw materials which may adversely affect its business, financial condition, results of operations and prospects.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Kross Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE0O6601022
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Kross Limited IPO?

Answer Field

Kross Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When Kross Limited IPO will open?

Answer Field

The Kross Limited IPO opens on [-] and closes on [-].

What is the lot size of Kross Limited?

Answer Field

Kross Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Kross Limited IPO?

Answer Field

You can apply in Kross Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Kross Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Kross Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Kross Limited IPO listing date?

Answer Field

The Kross Limited listing date is [-].

Who is the registrar of Kross Limited IPO?

Answer Field

The registrar of Kross Limited IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Equirus Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Kross Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Kross Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Kross Limited IPO?

Answer Field

To apply for Kross Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Kross Limited?

Answer Field

The price of each Kross Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Kross Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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