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Open
9 Sep 2024
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Close
11 Sep 2024
3
Allotment
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Listing
Mon, Sep 16, 2024
Price Band
₹228 to ₹240
Issue Size
2,08,33,332 shares (agg. up to ₹500 Cr)
Lot Size
62 Shares
Listing Date
Mon, Sep 16, 2024
Latest GMP
₹24.5
Est. Gain
10.21%
✦ AI Insight
GMP Trend
16-09-2024₹24.5Est. ₹264.5+10.21%
15-09-2024₹24.5Est. ₹264.5+10.21%
14-09-2024₹24.5Est. ₹264.5+10.21%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 12.74x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 352.00 | 250.57 | 197.82 |
| Total Income | 621.46 | 489.36 | 297.88 |
| Profit After Tax | 44.88 | 30.93 | 12.17 |
| NET Worth | 146.81 | 102.11 | 72.40 |
| Reserves and Surplus | 119.76 | 88.58 | 58.88 |
| Total Borrowing | 117.90 | 88.26 | 86.06 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| ASK Automotive Ltd. | Mainboard | ₹833.91 Cr | ₹282 | 45.63 | ₹310.10 | +9.96% | ₹477.35 (-0.80%) |
| Mandeep Auto Industries Ltd. | SME | ₹25.25 Cr | ₹67 | 10.15 | ₹65.35 | -2.46% | ₹20.15 (+4.40%) |
| Emmforce Autotech Ltd. | SME | ₹53.90 Cr | ₹98 | 33.5 | ₹195.51 | +99.50% | ₹165.65 (-3.61%) |
| Thaai Casting Ltd. | SME | ₹47.20 Cr | ₹77 | 25.99 | ₹195.15 | +153.44% | ₹125.00 (-3.47%) |
| New Swan Multitech Ltd. | SME | ₹33.11 Cr | ₹66 | 9.32 | ₹131.67 | +99.50% | ₹43.50 (-2.25%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment | 70.00 |
| 2 | 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 | 90.00 |
| 3 | Funding working capital requirements of the Company; and | 30.00 |
| 4 | General corporate purposes | 46.19 |
About Kross IPO
Kross Limited, formerly known as Kross Manufacturers (India) Private Limited, established in 1991, 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) and agricultural equipment. The company's product portfolio includes axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and a variety of tractor components for the hydraulic lift arrangement, power take-off (PTO) shafts and front axle spindles. The company supplies its products to major original equipment manufacturers (“OEMs”) that manufacture M&HCVs and tractors, as well as to domestic dealers and trailer axle and suspension manufacturers that supply OEMs in the M&HCV segment. Kross Limited has five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand, with the capacity to manufacture forgings weighing up to 40 kg. The production facilities are equipped with (i) forging presses and upsetting lines with induction heating fo
Contact Details
Kross Ltd. AddressM-4, Phase VI, GamhariaAdityapur Industrial AreaJamshedpur, Jharkhand, 832108+91 0657 2203812investors@krossindia.comVisit Website