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Kross Ltd. IPO
Kross Ltd., established in 1991, operates in the Auto Parts & Accessories sector. The company's IPO opened on September 9, 2024 and closed on September 11, 2024, with an issue price of ₹240. The Kross ... Read more
IPO Timeline
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9 Sep 2024Bidding Starts
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11 Sep 2024Bidding Ends
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12 Sep 2024Allotment Finalization
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16 Sep 2024Listing
About Kross Ltd.
We are 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. We are ... Read more
Kross Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 62,50,000 (30%) |
| Non Institutional Investors | 31,25,000 (15%) |
| Qualified Institutional Buyers (QIBs) | 41,66,667 (20%) |
| Retail Individual Investors (RIIs) | 72,91,667 (35%) |
Kross Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 621.46 Cr | 44.88 Cr | 119.76 Cr |
| 31 Mar 2023 | 489.36 Cr | 30.93 Cr | 88.58 Cr |
Kross Ltd. Background
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1991Obtained the certificate of incorporation.
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1997Supplied their first product, joint cross to Tata Engineering and Locomotive Company Limited (Telco Limited)
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2001Diversified into tractor components and started working with TAFE.
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2006Started working with Ashok Leyland by developing output flanges.
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2008Installed upsetter forging equipment (4” and 5”) and started development of manufacturing of axle shafts for Tata Motors.
Installed press forging equipment by installing 2500 and 2000 tonnes mechanical press.
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2014Commenced business with International Tractors Limited for rockshafts.
Best supplier award for “Overall Performance” by TAFE
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2016Developed spider bevel gears for TAFE.
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2018Commenced manufacturing anti-roll bar and stabilizer bar for OEM’s by commissioning a new facility, Unit IV
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2019Developed the trailer axle along with mechanical suspensions for the trailer industry.
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2022Established foundry Unit V, a high pressure mould line along with its machine shop.
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2013Best supplier award for “Consistent Delivery Performance” through pull system – Kanban at the Global Supplier Meet by TAFE.
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2015Best supplier of the year award for outstanding efforts in delivery, quality and cost by York, a Tata Enterprise.
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2021Durafit Range best vendor award for demand fulfilment east (2020-21) by Tata Genuine Parts at the Vendor Impact Progamme 2021
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2023Silver award in Best Performance in Business Alignment by Ashok Leyland
1. Funding of capital expenditure requirements of our Company towards purchase of machinery and equipment
2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions
3. Funding working capital requirements of the Company
4. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 240.00 | ₹ 240.00 |
| Open | ₹ 240.00 | ₹ 240.00 |
| Low | ₹ 231.80 | ₹ 231.96 |
| High | ₹ 271.00 | ₹ 270.89 |
| Last Trade | ₹ 259.50 | ₹ 259.81 |
1. Sudhir Rai
2. Anita Rai
3. Sumeet Rai
4. Kunal Rai
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 ... Read more
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2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions
3. Funding working capital requirements of the Company
4. General corporate purposes
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