₹ 14880
₹228- ₹240
62
₹240
0.00
11 Sep 2024
Download13 Sep 2024
16 Sep 2024
Application Details
The Kross IPO will open on September 9, 2024, and close on September 11, 2024. Each share has a face value of ₹5, with a price band ranging from ₹228 to ₹240 per share. Investors can apply in lot sizes of 62 shares. The total issue size consists of 20,833,334 shares, aggregating up to ₹500.00 crore, which includes a fresh issue of 10,416,667 shares amounting to ₹250.00 crore, and an offer for sale of 10,416,667 shares, also totaling ₹250.00 crore.
Key dates for the Kross IPO include the opening on Monday, September 9, 2024, and the closing on Wednesday, September 11, 2024. The basis of allotment will be determined on Thursday, September 12, 2024, followed by the initiation of refunds on Friday, September 13, 2024. The credit of shares to demat accounts is also expected on Friday, September 13, 2024. The shares will be listed on Monday, September 16, 2024.
For the lot size, the minimum application for retail investors is 1 lot, which includes 62 shares, amounting to ₹14,880. The maximum application for retail investors is 13 lots, totaling 806 shares, and costing ₹1,93,440.
About Kross Limited
Company Overview
Kross Limited, originally known as Kross Manufacturers (India) Private Limited, was established in 1991. The company specializes in the manufacturing and supply of trailer axles and suspensions, along with a wide range of high-performance, safety-critical forged and precision-machined parts for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. With over three decades of experience, Kross Limited has grown to be one of the prominent manufacturers in the industry, recognized for its diverse portfolio and strong product development capabilities.
Product Portfolio
Kross Limited offers an extensive product range, including axle shafts, companion flanges, anti-roll bars, stabilizer bar assemblies, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and various tractor components. These include parts for hydraulic lift arrangements, power take-off (PTO) shafts, and front axle spindles. The company manufactures safety-critical components for the M&HCV and agricultural equipment segments, catering to the needs of major original equipment manufacturers (OEMs) in these industries.
Manufacturing Facilities
The company operates five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand. These facilities are equipped with advanced machinery, including forging presses and upsetting lines with induction heating for billets, a foundry with a high-pressure moulding line, high-precision machining tools such as turning centres, vertical and horizontal milling centers, grinding, broaching, hobbing, shaping machines, and robotic welding systems. Additionally, the facilities feature in-house cathodic electro dip (CED) painting systems, powder coating, spray painting, heat treatment furnaces, and induction hardening systems. Kross Limited has the capacity to manufacture forged parts weighing up to 40 kg and is expanding its production capabilities through facility enhancements and additional production lines.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.