Kross is scheduled to hit the market on September 9, 2024 and close on September 11, 2024. Kross plans to raise around ₹500.00 Cr through an IPO with a sale of up to 20,833,334 equity shares of ₹5 each. The Retail offered 35.03%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Kross Limited, previously known as Kross Manufacturers (India) Private Limited, was founded in 1991. The company makes and supplies trailer axles, suspensions, and a variety of high-quality forged and precision machined parts for medium and heavy-duty commercial vehicles and agricultural equipment. Their product range includes axle shafts, suspension linkages, differential spiders, and components for tractors.
Kross Limited provides its products to major original equipment manufacturers (OEMs) that produce commercial vehicles and tractors. They also supply to local dealers and manufacturers of trailer axles and suspensions. The company has five ISO 9001:2015 certified manufacturing plants in Jamshedpur, Jharkhand, capable of producing forgings weighing up to 40 kg. These facilities are well-equipped with advanced machinery for forging, machining, painting, and heat treatment. As of June 30, 2024, Kross Limited employed 528 permanent workers.
Kross IPO Details
Kross IPO opens on September 9, 2024, and closes on September 11, 2024. The Listing date for Kross IPO is on September 16, 2024. The price band for IPO is ₹228 to ₹240 per share and lot size of 62 Shares.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Price | ₹228 to ₹240 per share |
| Lot Size | 62 Shares |
| Issue Size | ₹500.00 Cr |
| Face Value | ₹5 per share |
Kross IPO Tentative Timetable
Kross opening date is September 9, 2024 and close date is September 11, 2024. The IPO allotment date is September 12, 2024. Therefund initiation of IPO is on September 13, 2024. The credit of shares in demat account is on September 13, 2024. The listing date is on September 16, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 9, 2024 |
| IPO Closing | September 11, 2024 |
| IPO Allotment Date | September 12, 2024 |
| Refund Initiation | September 13, 2024 |
| Shares Credit to Demat | September 13, 2024 |
| Lisiting Date | September 16, 2024 |
Kross IPO Lot Size
Lot Size of this IPO is 62 shares. A retail-individual investor can apply for up to 13 lots (806 shares or ₹193,440).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 62 | ₹14,880 |
| Retail(Maximum) | 13 | 806 | ₹193,440 |
| S-HNI (Minimum) | 14 | 868 | ₹208,320 |
| B-HNI (Minimum) | 68 | 4,216 | ₹1,011,840 |
Kross IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Kross IPO Review
To be updated soon
Kross IPO Subscription Status (Bidding Details)
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Kross IPO FAQs
What is Kross IPO?
Kross is issuing 20,833,334 equity shares with a face value of ₹5 each, totaling up to ₹500.00 Cr. The shares are being offered at a price of ₹228 to ₹240 each, with a minimum order quantity of 62 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Kross IPO will open?
Kross will open on September 9, 2024 for QIB, NII, and Retail Investors.
When Kross IPO will end?
Kross will end on September 11, 2024.
What is Kross IPO Size?
Kross IPO size is ₹500.00 Cr.
What is Kross IPO Price Band?
Kross price band is ₹228 to ₹240 per share.
What is Kross IPO Allotment Date?
Kross allotment date is September 12, 2024.
What is Kross IPO Listing Date?
Kross listing date is September 16, 2024. The IPO is to be listed on BSE and NSE.
How to Kross IPO through Zerodha?
To apply for the IPO “Kross” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Kross IPO through Upstox?
To apply for the IPO “Kross” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Kross IPO Allotment Status?
For Kross IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Kross IPO GMP?
You can check out here: Kross IPO GMP. Check all IPO GMP here.