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Kross Shares Steady Debut at ₹240: A Calm Market Welcome!

Kross shares made a quiet debut, listing at ₹240 on both NSE and BSE, matching their IPO price. This stable entry reflects a calm market reception for the company's public offering.
Kross Shares Steady Debut at ₹240: A Calm Market Welcome!

Kross shares made a quiet market entry today, listing at ₹240 on both NSE and BSE, exactly at their IPO price. This level start indicates a calm initial reception on the trading floors for the company’s public offering.

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Kross Limited IPO showed promising growth on its final day of subscription, with Retail Investors driving strong interest at 10.76x subscription. Non-Institutional Investors followed with 22.24x, while Qualified Institutional Buyers (QIBs) stood at 23.32x, resulting in an overall subscription of 16.81x by the day’s end.

Kross Limited, a leading Indian manufacturer with over 30 years of expertise, specialises in trailer axles, suspension assemblies, and precision parts for commercial vehicles and farm equipment. Operating from five ISO-certified facilities in Jamshedpur, they offer in-house design, forging, casting, and machining. Ongoing expansions include a new casting facility and additional lines for hydraulic tractor covers and brake drum machining.

Kross Limited’s IPO aims to fund machinery purchases, repay loans, and support working capital with INR 70, 90, and 30 crores respectively, with remaining funds for various corporate purposes.

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