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Kross Ltd

Auto Ancillaries

Offer Period :

9th to 11th Sep 2024

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

Kross Ltd IPO Details

IPO Date 9th to 11th Sep 2024 Minimum Investment ₹14880 / 1 Lots
Listing Date 2024-09-16 Maximum Investment ₹193440 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹500 Crores
Price ₹240 to ₹240 per share Fresh Issue ₹250 Crores
Lot Size 1 Lots (62 Shares) Offer For Sale ₹ 250
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 9th to 11th Sep 2024
Listing Date 2024-09-16
Face Value ₹5 per share
Price ₹240 to ₹240 per share
Lot Size 1 Lots (62 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14880 / 1 Lots
Maximum Investment ₹193440 / 13 Lots
Total Issue Size ₹500 Crores
Fresh Issue ₹250 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

9th Sep

IPO Starts

11th Sep

IPO Ends

12th Sep

Allotment Date

13th Sep

Initiation of Refund

13th Sep

Credit of Shares to Demat Account

16th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 0
Public Group 0.01 0

Kross Ltd IPO Reservation

QIB Shares Offered 4166667(20%)
NII (HNI) Shares Offered 3125000(15%)
Retail Shares Offered 7291666(35%)
Anchor Investor Shares Offered 6250000(30%)
Total Shares Offered 20833332
Total Shares With Anchor Investor 20833332

IPO Lot Size

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

Kross Ltd IPO Registrar

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

Kross Ltd IPO Lead Manager

1. Equirus Capital Pvt Ltd

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Kross Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 41,66,667 1,07,880 4,60,984.0
Non Institutional Investors (NIIs) 31,25,000 95,35,662 4,60,984.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 20,83,534 51,61,004 4,60,984.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 10,41,466 43,74,658 4,60,984.0
Retail Individual Investors (RIIs) 72,91,666 3,10,71,486 4,60,984.0
Total 1,45,83,333 4,07,15,028 4,60,984.0

Strength of Kross Ltd

1. Long standing relationship with large OEMs and their tier one suppliers, domestic dealers and fabricators for its trailer axle and suspension business complemented by a diversified network of dealers for its 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 66.00% in each of 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 its 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 its 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 - the company derives a portion of its revenue from the sale of trailer axle and suspension assemblies for medium and heavy commercial vehicles ("M&HCV"). Any reduction in demand for its key products on account of regulatory changes or changes in technologies including but not limited to shift in renewable/ green energy would have a material adverse effect on its business, financial condition, results of operations and cash flows.

4. The company derives a substantial portion of its revenue from supply of trailer axle and suspension assembly and a wide range of forged and precision machined high performance safety critical parts for medium and commercial vehicles ("M&HCV") and farm equipment segments. Any change in demand for such components would have a material adverse effect on its business, financial condition, results of operations and cash flows.

5. 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.

6. 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.

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

8. Lack of long-term contracts - the company does not have firm commitment agreements with its customers. If the company 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.

9. Inventory management risk - If the company fails 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.

10. The Company is unable to trace certain filings pertaining to historical secretarial information, minutes of board and shareholders' meetings, copies of share transfer forms and certain records from the statutory registers.

Why should you invest in

-

Financials

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

Kross Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-16 544253 KROSS
INE0O6601022
₹240 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹240 ₹240
Open ₹240 ₹240
Low ₹231.8 ₹231.96
High ₹271 ₹270.89
Low ₹231.8 ₹231.96

Frequently Asked Questions

What is Kross Ltd IPO?

Answer Field

Kross Ltd IPO is a Mainboard IPO of 2,08,33,332 equity shares of a face value of ₹5 aggregating up to ₹500 Crores. The issue is priced at ₹240 to ₹240 per share. The minimum order quantity is 62 Shares. The IPO opens on September 09, 2024, and closes on September 11, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Kross Ltd IPO will open?

Answer Field

The Kross Ltd IPO opens on September 09, 2024 and closes on September 11, 2024.

What is the lot size of Kross Ltd?

Answer Field

Kross Ltd lot size is 62 shares, and the minimum amount required is ₹14,880.

How to apply for Kross Ltd IPO?

Answer Field

You can apply in Kross Ltd 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 Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Kross Ltd IPO will be done on September 12, 2024, and the allotted shares will be credited to your demat account by September 13, 2024.

When is Kross Ltd IPO listing date?

Answer Field

The Kross Ltd listing date is September 16, 2024.

Who is the registrar of Kross Ltd IPO?

Answer Field

The registrar of Kross Ltd 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 Ltd IPO?

Answer Field

The fresh issue size is ₹250 Crores equity shares.

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

Answer Field

Retail investors can subscribe to a minimum of one lot, 62 shares and ₹14,880 amount.

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

Answer Field

To apply for Kross Ltd 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 Ltd?

Answer Field

The price of each Kross Ltd share will be ranging in between ₹240 to ₹240 per share.

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

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 11, 2024.

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