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​

₹ 14880 / 62 shares

IPO Details

RHP/DRHP

Issue Date

09 Sep - 11 Sep'24

Investment/lot

₹ 14880

Price Range

228 - 240

Lot Size

62

IPO Size

₹ 500.00 Cr

IPO Listing Details

Listing On

16 Sep'24

Issue Price

240

Listed Price

₹ 240

Retail Gain/Listing Gain

â–²0.00%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Kross Limited is a manufacturer and supplier of trailer axle and suspension assembly, forged and machined high performance safety critical parts for medium and commercial vehicles, and farm equipment.

The company is widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India (Source: CRISIL Report).

Click here to know more about Kross Share Price and stay updated on the latest market trends.

Long standing relationship with large OEMs and their tier one suppliers, domestic dealers and fabricators

In over three decades of their operations, the company has established long-standing relationships with several well established OEMs like Ashok Leyland Limited, Tata International DLT Private Limited, a leading Indian automobile OEM, Indian farm equipment OEM, and a global Tier I supplier of auto components. Their ability to customise solutions as well as maintain consistent quality has helped them serve over 200 customers in the last three fiscals.

Integrated manufacturing operations coupled with in-house product and process design capabilities which offer scale, flexibility and comprehensive solutions

The company has five manufacturing facilities in Jamshedpur, Jharkhand that can design, develop and manufacture a diverse product portfolio. They have backward integration with design, process engineering, forging, casting, and machining capabilities that allows greater control over process, delivery timelines, pricing, and quality. This reduces their dependence on third parties, streamlines production process and improves operational efficiencies.

Diversified product portfolio with a focus on continuous value addition

They manufacture and supply a wide range of forging, and machined precision components and assemblies. Further, they also manufacture high precision components like companion flanges, axle shafts, rear end spindles, anti-roll bars and stabiliser bar assembly among others. They offer comprehensive one-stop solutions to their customers including design, process engineering and high precision manufacturing including foundry, heat treatment, fabrication, machining and assembly facilities.

Risk Factors

  • Their top five customers contributed a significant portion (more than 66% in each of the previous three Fiscals) of their revenues. The loss of a customer or any reduction in demand from any of them will hurt the business

  • Demand for their products is linked to the growth and sales of vehicles to the end customer. Decline in sales may adversely affect the demand for their products, which in turn would hurt their business

  • Any shutdown of their existing or future manufacturing facilities or any other production problems caused by unforeseen events may reduce sales and adversely affect their business

Key Strategies

  • Expand capacities at their existing manufacturing facilities to increase the manufacturing scale for existing products and creation of new products

  • Create manufacturing capabilities in axle beam extrusion and backward integration capabilities into the seamless tube

  • Expand geographical reach through growing exports

Here are the key financials for Kross Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

WHAT ARE YOU LOOKING FOR?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in the upcoming Kross Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

•

04m 01s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Kross Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Kross ltd IPO FAQs

Kross ltd IPO will list on 2024-09-16.

500.00 is the issue size of Kross ltd IPO.

The minimum lot size is 62 shares and the investment required is ₹14880.

The price band of Kross ltd IPO is ₹228 to ₹240.

You can read more about Kross ltd and its IPO from the company’s red herring prospectus (RHP) here.

The Kross Limited IPO has an issue size of ₹500 crores. The IPO opens for subscription on 9/9/2024 and closes on 11/9/2024.

KFin Technologies Limited is the registrar for this IPO.

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