Kross Ltd. IPO: Key Details

We are backward integrated with design, process engineering, forging, casting and machining capabilities whichallows us greater control over process, timelines, pricing and quality. We believe that our in-house designcapabilities have been instrumental in our success by allowing us to work closely with customers for design anddevelopment of high performance and safety-critical components and assemblies, such as, anti-roll bars andstabiliser bars, where we along with the OEM’s design team, conceptualised the design and framework of theproduct. For our trailer axles and suspension assemblies, we are also forward integrated with a network of salesand service locations across key states in India, as of the date of this Draft Red Herring Prospectus. Design,technology used for development, backward integration and after-sale service provided are crucial aspects fortrailer axle manufacturers (Source: CRISIL Report). For our trailer axle and suspension assembly business, weoperate our service on a mobile and on road basis, where once a complaint is registered by the customer, ourservice associate is deployed to the location of origin of the compliant to resolve the same. We have a customservice software developed by Sales force which gives us accurate tracking of service complaints as well as servicehistory of the vehicle.

Kross Ltd. IPO Details

IPO Date September 09, 2024 to September 11, 2024
Listing Date September 16 2024
Face Value ₹5 per share
Price Band ₹228 to ₹240 per share
Lot Size 62 Shares
Total Issue Size 15350877 Shares
Issue Type Book building
Listing At BSE  NSE 
Share holding pre issue 54091956
Share holding post issue 43675290

Kross Ltd. IPO Promoter Holding

The promoter of the company is Sudhir Rai, Anita Rai, Sumeet Rai, Kunal Rai,

Share Holding Pre Issue 99.99%
Share Holding Post Issue 67.7%

Kross Ltd. IPO Objectives

1. Funding of capital expenditure requirements of our Company towards purchase of machinery andequipment;2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions;3. Funding working capital requirements of the Company; 4. General corporate purposes

Kross Ltd. IPO Prospectus

Kross Ltd. Lead Managers

  • Equirus Capital Pvt Ltd

Kross Ltd. IPO Contact Information

  • Debolina Karmakar
  • Phone: 91 0657 2203812
  • Email: investors@krossindia.com

Kross Ltd. IPO Registrar

  • Name: K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
  • Phone: +040 - 67162222/18003094001
  • Email: einward.ris@kfintech.com