Kross Limited IPO: Analysis, GMP & Subscription Status

Introduction

Kross Limited, a prominent name in the manufacturing and automotive sector, is set to launch its Initial Public Offering (IPO) on September 9, 2024. With a strong presence in the market, Kross Limited aims to raise funds to support its expansion plans and general corporate purposes. This blog provides all the essential details, including the price band, lot size, financial performance, Grey Market Premium (GMP), and subscription stats.

Kross Limited IPO Details

• Price Band: ₹228 to ₹240 per share
• Face Value: ₹5 per share
• Lot Size: 62 Shares
• Total Issue Size: 20,833,334 shares, aggregating up to ₹500.00 Crores
  • Fresh Issue: 10,416,667 shares, aggregating up to ₹250.00 Crores
  • Offer for Sale: 10,416,667 shares, aggregating up to ₹250.00 Crores
• Listing At: BSE, NSE
• Issue Type: Book Built Issue IPO
• Shareholding Pre-Issue: 54,092,756 shares
• Shareholding Post-Issue: 64,509,423 shares

Important Dates for Kross Limited IPO

• IPO Open Date: Monday, September 9, 2024
• IPO Close Date: Wednesday, September 11, 2024
• Basis of Allotment: Thursday, September 12, 2024
• Initiation of Refunds: Friday, September 13, 2024
• Credit of Shares to Demat: Friday, September 13, 2024
• Listing Date: Monday, September 16, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on September 11, 2024

Financial Performance of Kross Limited

Kross Limited has demonstrated consistent financial growth over the last three fiscal years. Below is a summary of its financial performance:

These figures reflect the company's growing assets, increasing revenue, and improved profitability, showcasing a solid financial foundation for future growth.

Objectives of the IPO

The funds raised from this IPO will be used for:

• Expanding the company’s manufacturing capacity.
• Upgrading existing facilities and equipment.
• Supporting general corporate purposes.
• Enhancing working capital requirements.

IPO Grey Market Premium (GMP) and Subscription Stats

IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial measure of investor sentiment toward the IPO and will be updated as it becomes available.

IPO Subscription Stats

These subscription statistics will provide insight into how the IPO is being received by institutional and retail investors.

Risks Involved

Potential investors should consider the risks associated with Kross Limited IPO. Factors such as fluctuations in raw material prices, competition from other manufacturers, and changes in market demand could impact the company’s future performance. Additionally, global economic conditions and regulatory changes could present risks to growth. It is advisable to consult financial advisors and thoroughly review the company’s Draft Red Herring Prospectus (DRHP) before making an investment decision.

How to Apply for Kross Limited IPO

Investors can apply through the ASBA (Application Supported by Blocked Amount) process via banks and financial institutions. Retail investors can also apply using the UPI payment system. The minimum bid lot is 62 shares, with applications accepted in multiples thereof.

Conclusion

Kross Limited IPO presents a promising opportunity for investors looking to invest in the manufacturing and automotive sector. With a strong financial background and strategic growth plans, Kross Limited is poised for significant expansion. However, investors should thoroughly research the company’s financials and consider the associated risks before making an investment decision.

Headlines

1. Kross Limited IPO 2024: Key Dates, Financials, and How to Apply
2. Kross Limited IPO Grey Market Premium (GMP), Subscription Stats, and More
3. Complete Guide to Kross Limited IPO: Financials and Key Details
4. How to Apply for Kross Limited IPO: Important Dates and Lot Size
5. Kross Limited IPO 2024: A Closer Look at Financials and Growth Prospects
6. Kross IPO: Risks, Subscription Status, and How to Invest
7. Kross Limited IPO Grey Market Premium and Investor Sentiment