Last Updated on September 18, 2024 by Wenivesh Team
The Kross Limited IPO has gained significant attention in the market, with investors eagerly looking forward to its listing on September 16, 2024. As of today, September 9, 2024, the Grey Market Premium (GMP) for Kross Limited IPO is ₹19. This positive Kross Limited IPO gmp today suggests strong demand and optimism among investors.
Kross Limited IPO Price and Listing
The IPO price band for Kross Limited is set between ₹228 and ₹240 per share. The minimum investment lot size is 62 shares, which equates to ₹14,880 per lot at the upper price band. The IPO opened for subscription today and will close on September 11, 2024.
- Issue Price: ₹228 to ₹240 per share
- Lot Size: 62 shares
- Minimum Investment: ₹14,880
Kross Limited IPO GMP Today and Market Sentiment
The current Grey Market Premium (GMP) for Kross Limited IPO today is ₹19. This indicates that investors are willing to pay a premium over the issue price, reflecting strong demand and positive sentiment.
Kross Limited IPO GMP Today: ₹19
Important Dates for Kross Limited IPO
- Issue Open Date: September 9, 2024
- Issue Close Date: September 11, 2024
- Basis of Allotment: September 12, 2024
- Listing Date: September 16, 2024
Subscription Details
The Kross Limited IPO has attracted substantial interest from various investor categories. The IPO comprises a fresh issue of equity shares worth ₹250 crore and an offer for sale of ₹250 crore. Anchor investors have already committed ₹150 crore to the issue.
| Investor Category | Subscription Percentage |
|---|---|
| Retail Investors | 35% of the issue size |
| Anchor Investors | ₹150 crore |
Kross Limited Company Overview
Kross Limited, established in 1994, is a prominent manufacturer of trailer axles and suspension assemblies for medium and heavy commercial vehicles. The company operates five manufacturing facilities in Jamshedpur and has long-standing relationships with major OEMs like Ashok Leyland and Tata International.
Company Highlights:
- Founded: 1994
- Products: Trailer axles, suspension assemblies, tractor components
- Facilities: 5 manufacturing plants in Jamshedpur
- Major Clients: Ashok Leyland, Tata International
Kross Limited Financial Performance
Kross Limited has shown strong financial growth in recent years, with revenue, EBITDA, and profit after tax (PAT) increasing significantly. Here is a summary of their financials:
| Particulars | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | ₹621.46 crore | ₹489.36 crore | ₹297.88 crore |
| EBITDA | ₹75.48 crore | ₹51.55 crore | ₹20.28 crore |
| PAT | ₹44.88 crore | ₹30.93 crore | ₹12.17 crore |
Objectives of Kross Limited IPO
The proceeds from the Kross Limited IPO will be utilized for capital expenditure, repayment of debt, working capital requirements, and general corporate purposes.
Conclusion
The Kross Limited IPO has generated significant interest, and the GMP today reflects investor confidence. With strong financials and a promising future, this IPO is one to watch closely.
Make sure to keep an eye on the Kross Limited IPO GMP today as the subscription period progresses.
Hope this blog On Kross Limited IPO GMP Today has been informative and insightful.
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