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Kross Limited IPO Review, Valuation, Date

Kross Ltd., formerly Kross Manufacturers (India), is launching its Mainboard IPO, aiming to raise Rs. 500 crore by issuing 20,833,334 shares. Founded in 1991, Kross specialises in manufacturing and distributing trailer axles, suspensions, and high-performance forged parts for agricultural and commercial vehicles.<br>

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Kross Limited IPO Review, Valuation, Date

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  1. Kross Limited IPO: Review, Valuation, Date Kross Ltd., formerly Kross Manufacturers (India), is launching its Mainboard IPO, aiming to raise Rs. 500 crore by issuing 20,833,334 shares. Founded in 1991, Kross specialises in manufacturing and distributing trailer axles, suspensions, and high-performance forged parts for agricultural and commercial vehicles. IPO Details The Kross ltd IPO opens on September 9, 2024, and closes on September 11, 2024. It will be listed on the BSE and NSE with a price band of Rs. 228 to Rs. 240 per share. The IPO includes a fresh issue of 1.04 crore shares worth Rs. 250 crore and an O?er for Sale (OFS) of 1.04 crore shares worth Rs. 250 crore. Retail investors will be allocated 35% of the shares, institutional investors 50%, and non-institutional investors 15%. Company Performance Kross Ltd. has shown robust growth, with a revenue increase of 27% and PAT rising by 45% from FY 2023 to FY 2024. The company’s financial highlights include: Total Assets: Rs. 352 crore Total Revenue: Rs. 621.46 crore PAT: Rs. 44.88 crore Net Worth: Rs. 146.81 crore Manufacturing Facilities Kross operates five ISO 9001:2015 certified facilities in Jamshedpur, Jharkhand. These facilities have advanced machinery for forging, machining, painting, and heat

  2. treatment. IPO Allocation and Investment The IPO allows retail investors to apply for a minimum of 62 shares (1 lot) for Rs. 14,880, and up to 806 shares (13 lots) for Rs. 1,93,440. The issue is structured as a book- built o?ering with an issue size totalling Rs. 500 crores. Conclusion The Kross IPO presents an opportunity for investors interested in a well-established manufacturing company with a strong growth track record. For those looking to invest, this IPO provides detailed financial insights and an opportunity to participate in the company’s expansion journey.

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