Kross Limited, formerly Kross Manufacturers (India) Private Limited, is preparing for its Initial Public Offering (IPO). This is a significant event as the company plans to list its shares on the stock market. The IPO will be available at a price range of ₹228 to ₹240 per share, with the company aiming to raise ₹500 crore. This total includes a fresh issue of 1.04 crore shares and an offer for sale of 1.04 crore shares, each valued at ₹250 crore. The subscription period for the IPO starts on Monday, September 9, and ends on Wednesday, September 11.

The IPO will be open to various types of investors. Qualified Institutional Buyers (QIBs) will be allocated 50% of the shares, Retail Investors will get 35%, and Non-Institutional Investors (NIIs) will receive the remaining 15%. Retail investors can apply for the IPO by bidding for a minimum of one lot, which consists of 62 shares, with a minimum investment amount of ₹14,880.

The allotment of shares will be finalized on Thursday, September 12, and the shares are expected to be listed on both the BSE and NSE on Monday, September 29.

Kross is a well-established company that manufactures and supplies various components for commercial vehicles and farm equipment. Their products include trailer axles, suspension assemblies, and high-performance parts that are critical for safety in medium and heavy commercial vehicles. They are also involved in producing parts for the agricultural sector.

The Kross IPO presents an exciting opportunity, but it’s important to make informed decisions. Research the company thoroughly, understand the IPO details, and consider expert opinions to make a well-informed investment choice. This careful approach will help you assess whether investing in Kross aligns with your financial objectives and risk tolerance.

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Bhoi Smrutirekha Dharanidhar Marketing and Finance
Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

By Bhoi Smrutirekha Dharanidhar

Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

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