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Kross IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 500.00 Cr. The company is based in Jamshedpur and caters to Automobile - Forging And Casting sector. Equirus Capital is the merchant banker of Kross IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th November 2023.
Kross IPO posted revenues of ₹ 621.46 crores and PAT of ₹ 44.88 crores in FY25 on annualised basis.
Revenue:
₹ 620.25 Cr.
EBITDA Margin:
13.02
% 
Net Worth: ₹ 146.81 Cr.
Market Capitalisation:
₹ 1548.23 Cr.
P/E:
34.50 times
P/BV: 2.39 times
EV/EBITDA: 20.55 times
Financial results of Kross IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | FY24 | FY23 | FY22 | ||
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 352.00 | 250.57 | 197.82 | ||
| Net Worth | 146.81 | 102.11 | 72.40 | ||
| Total Debt | 117.11 | 88.19 | 86.06 | ||
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
620.25 | 488.63 | 297.46 | ||
EBITDA
EBITDA on annualised basis |
80.76 | 57.52 | 29.55 | ||
PAT
PAT on annualised basis |
44.88 | 30.93 | 12.17 | ||
Kross IPO PAT Margin is 7.24 % , ROCE (Return on Capital Employed) is 28.15 % as per latest financial. The below table shows Kross IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | FY24 | FY23 | FY22 |
|---|---|---|---|
| EBITDA Margin (%) | 13.02 | 11.77 | 9.93 |
| PAT Margin (%) | 7.24 | 6.33 | 4.09 |
| EPS (₹) | 8.30 | 5.72 | 2.25 |
| ROE (%) | 30.57 | 30.29 | 16.81 |
| ROCE (%) | 28.15 | 27.51 | 14.97 |
| ROA (%) | 12.75 | 12.34 | 6.15 |
| Debt to Equity | 0.80 | 0.86 | 1.19 |
The market Capitalisation of Kross IPO is ₹ 1548.23 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Kross IPO prospectus highlights an Return on Equity (ROE) of 30.57 % , Return on Assets (ROA) of 12.75 %, and an EBITDA Margin of 13.02 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Kross IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Kross IPO is ₹ 1548.23 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Kross IPO has a Price-to-Earnings (PE) ratio of 34.50 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Kross IPO reported revenue of ₹ 621.46 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Kross IPO provide insights into sales growth, market demand, and business scalability.
Kross recorded an EBITDA of ₹ 80.76 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Kross Profit After Tax (PAT) is ₹ 44.88 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 620.25 Cr.
EBITDA Margin:
13.02
%
Net Worth: ₹ 146.81 Cr.
Market Capitalisation:
₹ 1548.23 Cr.
P/E:
34.50 times
P/BV: 2.39 times
EV/EBITDA: 20.55 times
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 BSE,NSE in Sep, 2024. Kross IPO size was 500.00 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 195.10.
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