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Kross IPO
Price Band
₹228.0–240.0
Issue Size
₹500.0 Cr
Lot Size
62 shares
Min Investment
₹14,880
GMP
+₹24.5 (10.21%)
Issue Price
₹240.0
Subject to Sauda
₹1200
Paid only if allotted
Kross IPO AI Summary
- Kross IPO is listed on BSE, NSE in the Auto Components & Equipments sector.
- Price band: ₹228.0–₹240.0 per share, lot size 62 shares (min. investment ₹14,880).
- Subscription window: 09 Sep–11 Sep 2024, listing on 16 Sep 2024.
- Current GMP is +₹24.5 (10.21%), an estimated listing price of ₹265 — unofficial and can change daily.
Kross Limited is an established player in the auto components sector, focusing on manufacturing critical parts for commercial vehicles and agricultural equipment. The company has shown significant revenue and profit growth in recent years, and its IPO aims to fund further expansion and operational needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Kross IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2024 — not a current signal.
2 of 3 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kross IPO Grey Market Premium (GMP) Today
GMP
+₹24.5
GMP %
+10.21%
Est. Listing
₹264.5
Updated: 25 Jul 2026 14:04
About the Company
Kross Limited, formerly known as Kross Manufacturers (India) Private Limited, established in 1991, manufactures and supplies trailer axles and suspensions and a wide range of high-performance forged and precision machined safety critical parts for medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. The company's product portfolio includes axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and a variety of tractor components for the hydraulic lift arrangement, power take-off (PTO) shafts and front axle spindles. The company supplies its products to major original equipment manufacturers (“OEMs”) that manufacture M&HCVs and tractors, as well as to domestic dealers and trailer axle and suspension manufacturers that supply OEMs in the M&HCV segment. Kross Limited has five ISO 9001:2015 certified manufacturing facilities in Jamshedpur, Jharkhand, with the capacity to manufacture forgings weighing up to 40 kg. The production facilities are equipped with (i) forging presses and upsetting lines with induction heating for billets, (ii) a foundry with a high-pressure moulding line, (iii) high precision machining machines like turning centers, vertical and horizontal milling centres, Grinding, broaching, hobbing and shaping machines as well as robot welding systems, (iv) an in-house cathodic electro dip painting system (“CED system”), powder coating and spray painting and (v) heat treatment furnaces and induction hardening systems. As of June 30, 2024, the company had 528 permanent employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 352.00 | 250.57 | 197.82 |
| Total Income | 621.46 | 489.36 | 297.88 |
| Profit After Tax | 44.88 | 30.93 | 12.17 |
| NET Worth | 146.81 | 102.11 | 72.40 |
| Reserves and Surplus | 119.76 | 88.58 | 58.88 |
| Total Borrowing | 117.90 | 88.26 | 86.06 |
Key Ratios
EPS
₹8.30
NAV
₹27.14
ROE
30.57%
ROCE
28.15%
RoNW
30.57%
P/B Value
8.84
P/E Ratio
28.93
Market Cap
₹1548.23 Cr
PAT Margin
7.22%
Debt/Equity
0.80
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Talbros Automotive Components Ltd. | 87.02 | 20.47% | 19.03 | 17.82 | 17.82 |
| G N A Axles Ltd | 186.69 | 12.47% | 17.32 | 23.28 | 23.28 |
| Automotive Axles Ltd. | 579.63 | 18.97% | 17.05 | 109.95 | 109.95 |
| Jamna Auto Industries Ltd. | 22.64 | 22.74% | 24.3 | 5.15 | 5.15 |
| Ramkrishna Forgings Ltd. | 148.48 | 12.72% | 46.55 | 20.27 | 20.09 |
| Kross Limited This IPO | 27.14 | 30.57% | — | 8.3 | 8.3 |
Promoters
Sudhir Rai and Anita Rai
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment 70.00 2 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 90.00 3 Funding working capital requirements of the Company; and 30.00 4 General corporate purposes 46.19
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹297.88 Cr in 31 Mar 2022, rising to ₹489.36 Cr by 31 Mar 2023, and further increasing to ₹621.46 Cr by 31 Mar 2024. This shows a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹12.17 Cr in 31 Mar 2022, increasing to ₹30.93 Cr by 31 Mar 2023, and further rising to ₹44.88 Cr by 31 Mar 2024. This indicates a strong growth in profitability across the periods.
Valuation
At the issue price of ₹240.0, Kross Limited has an implied P/E of approximately 28.93, compared to peers trading in a range of 17.05 to 46.55.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs, as they can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription from 9th September 2024 to 11th September 2024. Allotment of shares will be done on 12th September 2024, and the shares are expected to be listed on the stock exchange on 16th September 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the stock lists on the exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment.
This evaluation is generated from Kross's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Kross IPO GMP today?
Kross IPO GMP today is +₹24.5 (10.21%), indicating an estimated listing price of ₹265. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Kross IPO?
The price band of Kross IPO is ₹228.0–₹240.0 per share.
When does Kross IPO open and close?
Kross IPO opens on 09 September 2024 and closes on 11 September 2024.
When does Kross IPO list on the stock exchange?
Kross IPO listed on 16 September 2024 at ₹264.5.
What is the lot size for Kross IPO?
The lot size for Kross IPO is 62 shares, requiring a minimum investment of ₹14,880.
What is the price band for the Kross IPO?
The price band for the Kross IPO is ₹228.0 to ₹240.0.
What is the lot size for the Kross IPO?
The lot size for the Kross IPO is 62 shares.
What is the minimum investment required for the Kross IPO?
The minimum investment required is ₹14,880.0.
When is the Kross IPO expected to list?
The Kross IPO is expected to list on 16th September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which the stock may list on the exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Listing
16 Sep 2024
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