| Company Name | Kross Limited |
| Open Date | 09-09-2024 |
| Close Date | 11-09-2024 |
| Exchange | NSE, BSE |
| Lot Size | 62 Shares |
| Issue Price | ₹228 to ₹240 per share |
| Issue Size | 2,08,33,334 Equity Shares |
| Application Amount | ₹ 14,880 – ₹ 1,93,440 (62 to 806 shares) |
| Recommendation | Apply |
Kross Limited was originally incorporated on May 09, 1991. The registered office is located at Jamshedpur, Jharkhand, India. The company is engaged in the manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high performance safety critical parts for medium and heavy commercial vehicles (“M&HCV”) and farm equipment segments. The company supplies its products to a diversified client base which includes large original equipment manufacturers (“OEMs”) manufacturing M&HCV and tractors. The company had 528 permanent employees and 1,661 contract employees as of June 30, 2024
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 297.46 | 488.63 | 620.25 |
| EBITDA | 29.55 | 57.52 | 80.76 |
| Net Profit | 12.17 | 30.93 | 44.88 |
| RoCE | 22.75% | 38.16% | 41.49% |
| ROE | 16.81% | 30.29% | 30.57% |
| P/E | 106.67 | 41.96 | 28.92 |
| Opening Date | 09/09/2024 |
| Closing Date | 11-09-2024 |
| Basis of Allotment | 12-09-2024 |
| Initiation of Refunds | 13-09-2024 |
| Credit of Shares to Demat | 13-09-2024 |
| Listing Date | 16-09-2024 |
| 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 Expenses. |
| Registered Office | M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108 |
| Phone | +91 0657 2203812 |
| investors@krossindia.com | |
| Website | https://www.krosslimited.com/ |
| Kross Limited RHP |
| Kross Limited DRHP |
| Name | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| krosslimited.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| Anchor Investor Shares Offered | 62,49,999 (30%) |
| QIB Shares Offered | 41,66,667 (20%) |
| NII (HNI) Shares Offered | 31,25,000 (15%) |
| Retail Shares Offered | 72,91,666 (35%) |
| Total Shares Offered | 2,08,33,332 (100%) |
| Shareholding Pre-Issue (Promoters) | 100.00% |
| Shareholding Post-Issue (Promoters) | 67.70% |