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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Kross Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹240
Per ShareLot Size
62 Shares
Minimum Investment
₹14,880
Issue Size
₹500 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Issue Type
Book Building
ISIN
INE0O6601022
Kross Limited is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high performance safety critical parts for medium and heavy commercial vehicles ("M&HCV") and farm equipment segments. The Company is widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India. In 2019, The company commenced manufacture and sale of trailer axle and suspension assemblies and has witnessed robust growth between Fiscal 2021 and Fiscal 2024.
In fiscal year 2024, the M&HCV segment exhibited a de-growth of 3% over the fiscal year 2023. In fiscal year 2023, MHCV sales recorded a growth of 40%, this recovery brought MHCV sales to approximately 90% of the level recorded in fiscal year 2019, a notable milestone. The resurgence in economic activities across various sectors played a pivotal role in driving this recovery. Tractor trailers were the fastest-growing category in the MHCV segment, witnessing a growth of 71% CAGR between fiscals 2021 and 2024, followed by the MCV haulage and MAV haulage segments at 50% CAGR and 32% CAGR, respectively. Tippers grew at 14% CAGR, whereas ICVs clocked 1% growth during the same period.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 2,08,33,332 equity shares^ of face value of Rs. 5 each of the company for cash at a price of Rs. 240 per equity share (including a share premium of Rs. 235 per equity share) ("Offer Price") aggregating up to Rs. 500.00 crores^ ("Offer") comprising a fresh issue of up to 1,04,16,666 equity shares of face value of Rs. 5 each by the company aggregating up to Rs. 250.00 crores^ (the "Fresh Issue") and an offer for sale of up to 1,04,16,666 equity shares of face value of Rs. 5 each (the "Offered Shares") aggregating up to Rs. 250.00 crores^ (the "Offer for Sale"), comprising up to 7,000,000 equity shares of face value of Rs. 5 each aggregating up to Rs. 168.00 crores^ by Sudhir Rai , up to 3,416,666 equity shares of face value of Rs. 5 each aggregating up to Rs. 82.00 crores^ by Anita Rai (the "Promoter Selling Shareholders"). The offer shall constitute 32.30% of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of basis of allotment
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Kross Limited was incorporated as "Kross Manufacturers (India) Private Limited", as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 9, 1991, issued by the Registrar of Companies, Bihar at Patna. Thereafter, the Registered Office of the Company was changed from 214, Ashiana Centre Adityapur, Jamshedpur - 831013 to M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108, Jharkhand, India. Subsequently, the name of the Company was changed from "Kross Manufacturers (India) Private Limited" to "Kross Private Limited" pursuant to a fresh certificate of incorporation issued by the Registrar of Companies Jharkhand at Ranchi dated September 26, 2016. Further, the name of the Company was changed upon conversion from a private limited company "Kross Private Limited", to a public limited company "Kross Limited" pursuant to a special resolution passed by its shareholders on January 13, 2017 and a fresh certificate of incorporation issued by the Registrar of Companies Jharkhand at Ranchi dated January 17, 2017.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.