Kross Limited IPO Overview
Kross Limited IPO Important dates
Kross IPO opens on September 9, 2024, and closes on September 11, 2024.
| 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 |
| The 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 |
Kross Limited IPO Financial Performance
| Period Ended | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) | 31 Mar 2022 (₹ Crore) |
|---|---|---|---|
| Assets | 3.52 Crore | 2.51 Crore | 1.98 Crore |
| Revenue | 6.21 Crore | 4.89 Crore | 2.98 Crore |
| Profit After Tax | 0.45 Crore | 0.31 Crore | 0.12 Crore |
| Net Worth | 1.47 Crore | 1.02 Crore | 0.72 Crore |
| Reserves and Surplus | 1.20 Crore | 0.89 Crore | 0.59 Crore |
| Total Borrowing | 1.18 Crore | 0.88 Crore | 0.86 Crore |
Kross Limited IPO Key Performance Indicator
The market capitalization of Kross IPO is Rs 1548.23 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 30.57% |
| ROCE | 28.15% |
| RoNW | 30.57% |
| P/BV | 8.84 |
| PAT Margin (%) | 7.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.3 | 6.96 |
| P/E (x) | 28.93 | 34.5 |
Kross Limited IPO Objectives
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment.
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company, from banks and financial institutions.
- Funding working capital requirements of the Company; and
- General corporate purposes.
Kross Limited IPO Lot Size
Investors can bid for a minimum of 62 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 62 | ₹14,880 |
| Retail (Max) | 13 | 806 | ₹193,440 |
| S-HNI (Min) | 14 | 868 | ₹208,320 |
| S-HNI (Max) | 67 | 4,154 | ₹996,960 |
| B-HNI (Min) | 68 | 4,216 | ₹1,011,840 |
Kross Limited IPO Details
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | ₹228 to ₹240 per share |
| Lot Size | 62 Shares |
| Total Issue Size | 20,833,334 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 10,416,667 shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 10,416,667 shares of ₹5 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 54,092,756 |
| Shareholding post issue | 64,509,423 |
Kross Limited Company Overview and Services
Kross Limited IPO SWOT Analysis
Strengths:
- Brand Recognition: If Kross Limited has strong brand equity, it could attract investor interest and boost its IPO performance.
- Market Position: A solid market position and competitive edge in its industry can make the company more attractive to potential investors.
- Financial Health: Strong financials, such as profitability and healthy cash flow, can positively impact the IPO.
- Growth Potential: A clear growth strategy and potential for future expansion can make the IPO more appealing.
Weaknesses:
- Limited Track Record: If the company is relatively new or lacks a proven track record, investors might be wary.
- High Debt Levels: Significant debt can be a red flag for potential investors.
- Operational Challenges: Any existing operational or management challenges might be viewed negatively.
- Market Volatility: If the market is currently volatile, it can impact the success of the IPO.
Opportunities:
- Capital Raising: The IPO provides an opportunity to raise capital for expansion, research and development, or other strategic initiatives.
- Increased Visibility: Going public can enhance the company’s visibility and credibility in the market.
- Strategic Partnerships: Being a public company can facilitate partnerships and collaborations with other businesses.
- Market Expansion: The additional capital can be used to enter new markets or invest in new product lines.
Threats:
- Market Conditions: Adverse market conditions or economic downturns can negatively impact the IPO.
- Regulatory Risks: Increased regulatory scrutiny and compliance requirements for public companies can be challenging.
- Competition: Competitive pressures from other companies in the same industry could impact the company’s market position.
- Investor Sentiment: Negative sentiment or lack of interest from investors can affect the IPO’s success.
Kross Limited IPO GMP Details
Kross IPO’s last GMP is ₹0, last updated Sep 7th 2024. With the price band of 240.00, Kross IPO’s estimated listing price is ₹240 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.
Stay with us to know the daily price trend of Kross IPO GMP with an expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 07-09-2024 | 240.00 | ₹0  |
— | ₹240 (0%) | 7-Sep-2024 |
| 06-09-2024 | 240.00 | ₹0 |
— | ₹240 (0%) | 6-Sep-2024 |
| 05-09-2024 | 240.00 | ₹0 |
— | ₹240 (0%) | 5-Sep-2024 |
| 04-09-2024 | 240.00 | ₹0 |
— | ₹240 (0%) | 4-Sep-2024 |
| 03-09-2024 | ₹0 |
— | ₹ (0%) | 3-Sep-2024 |
Kross Limited IPO subscription status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Kross Limited IPO Allotment status
The allotment status of Kross IPO is expected to be available on September 12, 2024.
Kross IPO allotment status is not available at this time. Kross IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Kross Limited’s IPO allotment status.
To check Kross IPO allotment status, follow the steps below:
- Click on the allotment status check button below.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call 04067162222, 04079611000, or send an email with all relevant details to krosslimited.ipo@kfintech.com.
Kross Limited Contact Details
Kross Limited
M-4, Phase VI, Gamharia,
Adityapur Industrial Area,
Jamshedpur – 832108
Phone: +91 0657 2203812
Email: investors@krossindia.com
Website: https://www.krosslimited.com/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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