247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Kross Limited IPO (Kross IPO) Details

Kross Limited is an Automobile - Forging And Casting based company, located in Jamshedpur, Kross Limited IPO size was 500.00 Cr. and was issued at 240.00 per share. The share of Kross Limited were listed at 259.50 per share and are currently trading at 195.38 per share.

Type :
Sub Sector : Manufactures And Supplies Trailer Axles And Suspensions And A Wide Range Of High-performance Forged And Precision Machined Safety Critical Parts For Medium And Heavy-duty Commercial Vehicles (M&HCV)?
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
621.46 Cr.

PAT :
44.88 Cr.

Pricing Report

Issue Price :
240.00

Listing Price :
259.50

Current Market Price :
195.38

Issue Price vs CMP :
44.62 (18.59%)

listing Price vs CMP :
64.12 (24.71%)

Performance Report (CAGR* wise)

CAGR : -44.63
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Kross

Company Information
Kross Limited is a diversified manufacturer and supplier of trailer axles, suspension assemblies, 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. Recognized as one of the prominent manufacturers of trailer axles and suspension assemblies in India (Source: CRISIL Report), the company commenced manufacturing these components in 2019 and has experienced robust growth between Fiscal 2020 and Fiscal 2023. It has become one of the fastest-growing players in the organized trailer axle manufacturing industry, competing with major manufacturers (Source: CRISIL Report). With over three decades of experience, the company leverages its product development capabilities to design and deliver proprietary products, including trailer axles and suspension assemblies, and is one of the
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Object of Issue
  • 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 and
  • General Corporate Purposes

Kross MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Sep, 2024
IPO Size :
500.00 Cr.
Market Cap :
1548.23 Cr.   
IPO Subscription :
17.66 X     
PE Multiple :
34.50
IPO Registrar:
Kfin Technologies Limited

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Peer Companies Of This Sector

FAQs

Kross operates in Automobile - Forging And Casting and Manufactures And Supplies Trailer Axles And Suspensions And A Wide Range Of High-performance Forged And Precision Machined Safety Critical Parts For Medium And Heavy-duty Commercial Vehicles (M&HCV)?. The Issue is listed on MainBoard in Sep, 2024. Kross IPO size was 500.00 Cr. with Issue price of 240.00 .

Merchant Banker(s) of Kross IPO: Equirus Capital Private Limited

Kross IPO subscription was 17.66 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Kross IPO listed at a listing price of 259.50 against the offer price of 240.00.

The current market price of Kross is 195.38.

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