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KROSSEQ / NSE, BSEListed
Kross

Kross Limited, established in 1991 and formerly known as Kross Manufacturers (India) Private Limited, is a specialized manufacturer of trailer axles, suspensions, and a wide range of high-precision forged and machined components used in medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. Its product lineup includes axle shafts, companion flanges, anti-roll bars, stabilizer bar assemblies, suspension linkages, bevel gears, differential spiders, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and various tractor components such as hydraulic lift arrangement parts, PTO shafts, and front axle spindles. Serving leading OEMs in the M&HCV and tractor segments, along with domestic dealers and trailer axle manufacturers, the company operates five ISO 9001:2015 certified manufacturing units in Jamshedpur, Jharkhand. These facilities feature advanced forging presses, precision machining systems, a modern foundry with a high-pressure moulding line, and robust finishing capabilities including cathodic electro dip painting, powder coating, and heat treatment. As of June 30, 2024, Kross Limited employs 528 permanent staff members.

₹228 - ₹24017.69x sub
Listed Price₹240.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open09 Sep 2024
Close11 Sep 2024
Allotment12 Sep 2024
Listing16 Sep 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB41,66,667 shares
28.57%
HNI31,25,000 shares
21.43%
Retail72,91,666 shares
50%

Minimum Application Lots

Retail1 Lot (62 shares)
₹14,880
sHNI14 Lots (868 shares)
₹2,08,320
bHNI68 Lots (4,216 shares)
₹10,11,840

Company Promoters

Sudhir RaiAnita Rai

Company Background

Kross Limited, established in 1991 and formerly known as Kross Manufacturers (India) Private Limited, is a specialized manufacturer of trailer axles, suspensions, and a wide range of high-precision forged and machined components used in medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. Its product lineup includes axle shafts, comp...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹621.46 Cr
Growth+108.6%
Revenue Trend (₹ in Crores)
0.0238.2476.5714.7Mar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-24621.4644.88352117.9
Mar-23489.3630.93250.5788.26
Mar-22297.8812.17197.8286.06

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-248.330.57%28.15%28.9334.5
Mar-235.7230.29%27.51%00
Mar-222.2516.81%14.97%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
12 Sep 2024
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
16 Sep 2024

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Kross. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization12 Sep 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date16 Sep 2024Trading commences on exchange

How to Check Kross Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Kross from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Kross IPO

Complete issue overview for Kross (KROSS) IPO. The issue features an equity share price band of ₹228 – ₹240 per share with a minimum retail lot size of 62 Shares (minimum application amount of ₹14,880). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions