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IPO

IPO Details


Kross Ltd
Registered Office: M 4 Phase VI Gamharia, Adityapur Industrial Area, Jamshedpur - 832108, Jharkhand
Phone: +91 0657 2203812
Email: investors@krossindia.com
Website: www.krosslimited.com
Initial public offer of up to 2,08,33,332 equity shares^ of face value of Rs. 5 each of the company for cash at a price of Rs. 240 per equity share (including a share premium of Rs. 235 per equity share) (Offer Price) aggregating up to Rs. 500.00 crores^ (Offer) comprising a fresh issue of up to 1,04,16,666 equity shares of face value of Rs. 5 each by the company aggregating up to Rs. 250.00 crores^ (the Fresh Issue) and an offer for sale of up to 1,04,16,666 equity shares of face value of Rs. 5 each (the Offered Shares) aggregating up to Rs. 250.00 crores^ (the Offer for Sale), comprising up to 7,000,000 equity shares of face value of Rs. 5 each aggregating up to Rs. 168.00 crores^ by Sudhir Rai , up to 3,416,666 equity shares of face value of Rs. 5 each aggregating up to Rs. 82.00 crores^ by Anita Rai (the Promoter Selling Shareholders). The offer shall constitute 32.30% of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of basis of allotment
Issue Money Payable On
Opens On Closes On Application Allotment
09-Sep-2024 11-Sep-2024 ₹ 240.00 ₹ 0.00
Minimum Application for shares in Nos : 62 Further Multiples of : 62
(₹)Cr. Lead Managers to the Issue
Project Cost 236.19 Equirus Capital Pvt Ltd
Project Financed through Current Offer 500.00
Post Issue Equity Share Capital 32.25
Issue Price ₹240.00
Projects
Funding of capital expenditure requirements of the company towards purchase of machinery and equipment
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 institutional
Funding working capital requirements of the company
General corporate purposes
Promoted By
Sudhir Rai
Anita Rai
Sumeet Rai
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

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NASDAQ

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