The Kross IPO is set to open for subscription on September 9, 2024, and will close on September 11, 2024. This IPO is a Book Built Issue, with the company planning to raise approximately ₹500.00 crores. This amount includes a fresh issue of ₹250.00 crores and an offer for sale (OFS) up to ₹250.00 crores, offering 10,416,667 equity shares with a face value of ₹5 each.
Table of Contents
Kross IPO Details:
| Details | Information |
|---|---|
| Open Date | September 9, 2024 |
| Close Date | September 11, 2024 |
| Face Value | ₹5 per share |
| IPO Price Band | ₹228 to ₹240 per share |
| Total Issue Size | ₹500.00 crores |
| Fresh Issue | ₹250.00 crores |
| Offer for Sale (OFS) | 10,416,667 equity shares |
| Listing | BSE & NSE |
| Retail Quota | 35% |
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Official Website | https://www.krosslimited.com/ |
The shares will be listed on September 16, 2024, and the allotment will be finalized on September 12, 2024.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Financial Performance of Kross Ltd.
Kross Ltd has seen significant growth in its revenue and profit over the last few years:
| Year | Revenue (₹ in crores) | Profit (₹ in crores) |
|---|---|---|
| 2022 | 297.88 | 12.17 |
| 2023 | 489.36 | 30.93 |
| 2024 | 621.46 | 44.88 |
This growth shows strong financial health and consistent profitability, making it an attractive option for investors looking for long-term gains.
Market Lot Details:
Investors interested in Kross IPO can apply in lots. The minimum lot size is 62 shares, which will require an application amount of ₹14,880. Retail investors can apply for a maximum of 13 lots, which would be 806 shares with an investment of ₹193,440.
| Investor Type | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 62 | ₹14,880 |
| Retail (Max) | 13 | 806 | ₹193,440 |
| S-HNI (Min) | 14 | 868 | ₹208,320 |
| B-HNI (Min) | 68 | 4,216 | ₹1,011,840 |
Important IPO Dates:
| Event | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Allotment Finalization | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit of Shares to Demat | September 13, 2024 |
| Listing Date | September 16, 2024 |
Kross IPO Valuation (FY 2024):
Kross Ltd’s financial metrics further strengthen its investment case. Below are some key indicators:
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 30.57% |
| Return on Capital Employed (ROCE) | 28.15% |
| EBITDA Margin | 13.02% |
| Profit After Tax (PAT) Margin | 7.22% |
| Debt to Equity Ratio | 0.80 |
| Earnings Per Share (EPS) | ₹8.30 |
| Net Asset Value (NAV) | ₹27.14 |
Objectives of the IPO:
The company aims to use the funds raised from the IPO for several purposes, including:
- Funding capital expenditure for purchasing machinery and equipment.
- Repayment of certain outstanding loans.
- Working capital requirements.
- General corporate purposes.
Promoters of Kross Ltd:
The promoters of Kross IPO are Sudhir Rai and Anita Rai. The company has been in business since 1994, manufacturing safety components for tractors, trailers, and commercial vehicles.
Should You Invest in Kross IPO?
Based on the financials and the company’s strong growth in revenue and profitability, Kross IPO could be a promising long-term investment. The company operates in a growing industry, with a focus on manufacturing critical components for vehicles, making it a solid option for potential investors.
How to Apply for Kross IPO:
Investors can apply for Kross IPO through ASBA (Application Supported by Blocked Amount) using their bank accounts or UPI methods via stock brokers.
FAQ
What are the dates for the Kross IPO?
The Kross IPO will open on September 9, 2024, and close on September 11, 2024. The allotment date is September 12, 2024, and the shares will be listed on September 16, 2024.
What is the price band for Kross IPO?
The Kross IPO price band is set between ₹228 to ₹240 per share.
How much can retail investors apply for in the Kross IPO?
Retail investors can apply for a minimum of 62 shares (₹14,880) and a maximum of 13 lots (806 shares, ₹193,440).
Where will Kross IPO shares be listed?
The Kross IPO shares will be listed on both the BSE and NSE on September 16, 2024
Conclusion:
The Kross IPO offers an opportunity to invest in a company with a strong financial track record, an expanding business, and a positive growth outlook. With its focus on the automobile industry, Kross Ltd is poised for long-term success, making it a potential stock for both retail and institutional investors.
For more information or to apply, you can visit the Kross IPO official website.
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