Kross Limited IPO
Kross Limited IPO
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The Initial Public Offering of Kross Limited's culminated in its successful listing on 16-09-2024 at the NSE, BSE trading platform. The company secured 2,08,33,332 Shares through this capital market exercise, with 1,04,16,666 Shares allocated to new capital formation and ₹250.00 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹228 to ₹240, with minimum investment requirements of 62 shares. The subscription period from 09-09-2024 to 11-09-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 12-09-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Kross Limited IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Kross Limited IPO Strength Factors
- Experienced Leadership: Our knowledgeable and experienced management team guides the company with a clear vision and smart decision-making.
- Skilled Workforce: Our talented and dedicated employees deliver top-quality products with efficient operations.
- Advanced Facilities: Our modern manufacturing plants in Jamshedpur, equipped with the latest technology, boost production and ensure smooth logistics.
Kross Limited IPO Risk Factors
- Customer Dependency Risk: More than 66% of the company's revenue comes from its top five customers. Losing any major customer could seriously affect the company's earnings.
- Industry Demand Risk: The company's products are mainly used in vehicles. If vehicle sales by its customers drop, it could hurt the company's business and profits.
- Product Reliance Risk: A big share of the company's revenue comes from trailer axle and suspension assemblies for medium and heavy commercial vehicles (M&HCV). Changes in regulations or technology could impact sales and cash flow.
Kross Limited IPO Lead Manager(s)
- Equirus Capital Private Limited
Kross Limited IPO Promoter(s)
- Sudhir Rai
- Anita Rai
Kross Limited IPO FAQs
Kross Limited IPO subscribed 17.69 times. The public issue subscribed 11.33 times in the retail category,24.55times in QIB, and 23.21 times in the HNI (10+) category byNovember 20, 2025 9:01:00 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Kross Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Kross Limited IPO FAQs
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