IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Detail
IPO Information
Financial
Financial Report
Peer Comparison
Performance
Performance Report
Kross IPO is a Book Building IPO 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 open date is 9th September 2024 and close date is 11th September 2024. IPO Allotment Date is 12th September 2024 and Listing date is 16th September 2024.
IPO
Size:
₹ 500.00 Cr.
Avg IPO Size (Sector Based)
: ₹
1,128.88 cr.
Sector: Automobile - Forging And Casting
IPO so far:
7
Merchant Banker:
Equirus Capital
IPO by BRLM so far:
27
City:
Jamshedpur
IPO so far:
1
Revenue (annualised):
₹
621.46
cr. 
PE
Ratio:
34.50x
Average Sector PE Ratio: 24.72x
Kross IPO size is ₹ 500.00 Cr. with IPO price of ₹ 240.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Equirus Capital Private Limited is the book-running lead manager of the Kross IPO. Kfin Technologies Limited is the Registrar for Kross IPO.
Kross IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Kross IPO, based in Jamshedpur, operates in the Automobile - Forging And Casting sector with a focus on 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 company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Kross IPO size is ₹ 500.00 Cr. with fresh issue size of ₹ 250.00 Cr. and Offer for sale being ₹ 250.00Cr.
The IPO allotment date for Kross IPO is expected to be 12th September 2024, after the finalization of basis of allotment. Investors can check Kross IPO allotment status on the registrars website, Kfin Technologies Limited . Kross IPO refund dates are 13th September 2024.
Kross IPO is expected to be listed on 16th September 2024.
The upper price band for the Kross IPO is set at ₹ 240.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Kross IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Kross IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 11th September 2024. After submission, funds are blocked until the basis of allotment of Kross IPO is finalised.
The merchant banker for Kross IPO is Equirus Capital Private Limited . Equirus Capital Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Kross IPO RHP for further details.
The registrar for Kross IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Kross IPO through their official website or helpline.
Kross IPO was subscribed 17.66 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 500.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,128.88 Cr.
Sector: Automobile - Forging And Casting
IPO so far:
7
Merchant Banker:
Equirus Capital
IPO by BRLM so far:
27
City:
Jamshedpur
IPO so far:
1
Revenue (annualised):
₹ 620.25 cr.
PE
Ratio:
34.50x
Average Sector PE Ratio: 24.72x
Kross IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Kross Financial Review Page
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 191.17.
Why Us?
