Kross Ltd IPO 

Kross Ltd’s INR 500 crore IPO includes a fresh issue of INR 250 crore. Funds will be used for machinery, loan repayment, working capital, and corporate needs.

Important Details

Open Date : September 9, 2024 Close Date : September 11, 2024 Allotment Date: September 12, 2024 Listing Date: September 16, 2024

Important Details

IPO Price: INR 228-240 per share Lot Size: 62 Shares Total Issue Size: INR 500 crores

Fundamental Analysis

Kross Ltd IPO shows mixed performance: 1. Strong revenue growth. 2. Increased profitability and EPS. 3. Improved RoNW efficiency. 4. Higher inventory turnover boosts confidence.

Peer Comparison

Kross Ltd: strong growth, high EPS & RoNW. Ramkrishna Forgings, Jamna Auto: solid financials. Automotive & GNA Axles: high returns. Talbros Automotive: strong performance.

Objective

Kross Limited IPO Objective: 1. INR 70 crore for machinery. 2. INR 90 crore for loan repayment. 3. INR 30 crore for working capital. 4. Remaining for growth, marketing, acquisitions, employee welfare, taxes, operations.

Risks And Challenges

Kross Limited IPO Risks: 1. Reliance on top 5 customers. 2. 30% product concentration. 3. Operational challenges at facilities. 4. Possible negative impact on business and finances.