Kross Limited IPO GMP

KROSS LIMITED was established in the year 1994, Kross Limited is an acknowledged specialist in manufacturing forging components for the top OEMs and Tier 1 companies in India. They manufacture a wide range of high performance and safety critical components for the commercial vehicle, tractor and trailer axle industry.

Kross, an Book Built Issue amounting to ₹500.00 Crores, consisting an Fresh Issue of 10.41 Lakh Shares worth ₹250.00 Crores and an Offer for Sale of 10.41 Lakh Shares totalling to ₹250.00 Crores. The subscription period for the Kross IPO opens on September 09, 2024, and closes on September 11, 2024. The allotment is expected to be finalized on or about Friday, September 13, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, September 16, 2024.

The Share price band of Kross IPO is set at ₹228 to ₹240 equity per share, with a minimum lot size of 62 shares. Retail investors are required to invest a minimum of ₹14,880, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (868 shares), amounting to ₹208,320.

Equirus Capital Private Limited is the book-running lead manager, KFin Technologies Limited is the registrar for the Issue. 

Kross Limited IPO GMP Today
The Grey Market Premium of Kross Limited IPO is expected in the range of ₹25 to ₹30 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Kross Limited IPO Live Subscription Status Today
As of 07:00 PM on 11 September 2024, the Kross Limited IPO live subscription status shows that the IPO subscribed 16.81 times on its Final day of subscription period. Check the Kross Limited IPO Live Subscription Status Today at BSE.

Kross Limited IPO Allotment Status
Kross IPO allotment date is 13 September, 2024, Friday. Kross IPO Allotment will be out on 13th August 2024 and will be live on Registrar Website from the allotment date. Check Kross Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Kross Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Kross Limited IPO
Kross Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹700.00 Millions is required for Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment; 
2. ₹900.00 Millions is required for Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company, from banks and financial institutions; 
3. ₹300.00 Millions is required for Funding working capital requirements of the Company; and 
4. General corporate purposes

Refer to Kross Limited RHP for more details about the Company.