Kross Limited is a Jamshedpur-based company that primarily operates in the auto components sector, focusing on manufacturing parts for commercial vehicles. The company specializes in trailer axles and suspension assemblies for medium and heavy commercial vehicles (M&HCV), as well as tractors. These components play a crucial role in the safe and efficient operation of large vehicles.
Key Products:
- Trailer axles
- Suspension assemblies
- Axle shafts
- Coupling flanges
- Anti-roll bars
- Bell crank assemblies
These components are widely used in the Indian market, particularly by truck and tractor manufacturers, helping Kross establish a solid presence in the auto ancillary sector.
Financial Growth:
Kross Limited has shown significant growth over recent years. Its revenue for FY2024 was ₹620.3 crore, marking an increase from ₹488.6 crore in FY2023. The company reported a net profit of ₹44.9 crore in FY2024, demonstrating a steady growth trend.
Kross Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 09 Sep 2024 |
| IPO Close Date | 11 Sep 2024 |
| Allotment Date | 12 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Kross Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 228 to Rs. 240 Per Equity Share |
| Market Lot | 62 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 500 Crore. |
Kross Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 62 | Rs. 14880 |
| Maximum | 13 | 806 | Rs. 193440 |
| Small HNI (Minimum) | 14 | 868 | Rs. 208320 |
| Big HNI (Minimum) | 68 | 4216 | Rs. 1011840 |
Kross Limited IPO Allotment Status
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Click Here To Get ASBA Forms Kross Limited IPO
Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 352 | 250.57 | 197.82 |
| Total Revenue | 621.46 | 489.36 | 297.88 |
| Profit After Tax | 44.88 | 30.93 | 12.17 |
Company Promoters:
Sudhir Rai and Anita Rai are the promoters of the company.
Objects of this Issue:
- 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.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: krosslimited.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
