Kross Limited (MAINBOARD)

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Kross

September 9, 2024 – September 11, 2024

Price ₹228 - ₹240
Premium ₹24.5
Lot size 62
Allotment Sep 12, 2024
Listing Sep 16, 2024

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Live Rate

Open
High
Low
Prev. Close
Lower circuit
Upper circuit
52w High
52w Low
P/E Ratio

Kross Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹240.00 ₹0.00 0.00%
BSE ₹240.00 ₹0.00 0.00%

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Shareholding Pattern


Kross Subscription

Last updated on 11-Sep-2024 18:59:10

CategoryOfferedAppliedTimes
QIBs416666710228146224.55
HNIs31250007314691823.41
 HNIs 10+20835344835547423.21
 HNIs 2+10414662479144423.8
Retail72916668259348611.33
Total1458333325802186617.69
Application Wise Breakup (Approx)
CategoryReservedAppliedTimes
HNIs (10L+)2400112804.7
HNIs (2-10L)12002740322.84
Retail117608131116511.15
Total Applications: 1349848
© IPO Premium
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIBs1002454.7624.55
FIIs-1406.62-
DIIs-605.04-
Mutual funds-160.12-
Others-173.76-
HNIs751755.5323.41
HNIs 10+501160.5323.21
HNIs 2+25594.9923.8
Retail1751982.2411.33
Total3506192.5217.69
QIB Interest Cost per share (7 Days)
@7%
₹7.91
@8%
₹9.04
@9%
₹10.17
@10%
₹11.3
@11%
₹12.43
@12%
₹13.56

Kross About

Category Lot(s) Qty Amount Reserved
Retail 1 62 14880 117608
sHNI 14 868 208320 1200
bHNI 68 4216 1011840 2400
Kross IPO Details
Issue Size[20,833,334] shares
(aggregating up to ₹500.00 Cr)
Fresh Issue[10,416,667] shares
(aggregating up to ₹250.00 Cr)
Offer for Sale[10,416,667 ] shares of ₹5
(aggregating up to ₹250.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue54,092,756
Share holding post issue 64,509,423
Kross IPO Reservation
Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.03% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Key Performance Indicator
KPIMar-24Mar-23Mar-22
ROE30.57%30.29%16.81%
ROCE28.15%27.51%14.97%
D/E1.441.741.81
RONW30.57%30.29%16.81%
EPS
(Diluted)
8.35.722.25
P/E
Pre IPO
28.93
P/E
Post IPO
34.5
Company Financials
Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023Mar 2022
Assets352250.57197.82
Revenue621.46489.36297.88
Profit44.8830.9312.17
Net Worth146.81102.1172.4
Reserves119.7688.5858.88
Borrowing117.988.2686.06
Amount in ₹ Crore
About Company

Kross Limited, established in 1991 and formerly known as Kross Manufacturers (India) Private Limited, specializes in manufacturing and supplying trailer axles and suspensions, as well as a diverse range of high-performance forged and precision machined components essential for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. Its extensive product portfolio includes axle shafts, companion flanges, anti-roll bars, stabilizer bar assemblies, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and various tractor components such as hydraulic lift arrangement parts, power take-off (PTO) shafts, and front axle spindles. The company caters to major original equipment manufacturers (OEMs) in the M&HCV and tractor sectors, as well as domestic dealers and trailer axle and suspension manufacturers. Kross Limited operates five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand, equipped with advanced forging presses, high-precision machining machines, a foundry with a high-pressure moulding line, and comprehensive finishing systems including a cathodic electro dip painting system, powder coating, and heat treatment. As of June 30, 2024, the company employs 528 permanent staff.

Strength

Experienced Leadership: A qualified and experienced management team drives strategic vision and effective decision-making.

Skilled Workforce: Skilled and dedicated employees ensure high-quality production and operational efficiency.

Advanced Facilities: Strategically located manufacturing plants in Jamshedpur with state-of-the-art equipment enhance production capabilities and logistics.

Weakness

Customer Concentration Risk: Over 66% of revenue comes from the top five customers, so losing a major customer could significantly impact financial performance.

End-User Industry Risk: Demand for the company's products is tied to vehicle sales by its customers. A decline in their sales could negatively affect business and financial results.

Product Concentration Risk: A large portion of revenue depends on trailer axle and suspension assemblies for M&HCV. Regulatory or technological shifts could harm revenue and cash flow.

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Kross Latest Announcements

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Kross Financial Results

Kross Lead Manager(s)

Kross Address

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/

Kross Registrar

Kfin Technologies Limited
Address: Kfin Technologies Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.