Kross Limited which is also known as the Kross Manufacturers (India) Private Limited was established in 1991. The company manufactures and supplies trailer axles, suspension and a huge variety of safety parts for M&HCV and agriculture equipment. The company opened its Kross Limited IPO Allotment on 9th September 2024.
The aim behind opening the IPO is to collect funds for capital expenditures, repayment of outstanding borrowings and general corporate purposes. Now, all the investors who have applied for shares are waiting to check the allotment. So, the www.krosslimited.com IPO Allotment Result will be released on 12th September 2024. Scroll down the following article and get detailed information regarding the Grey Market Price, Expected Listing price, Allotment Status and more.
Kross Limited IPO Allotment Result
The revenue of the company has increased by 27%. Whereas, the Profit After Tax has increased by 47% from 31st March 2023 to 31st March 2024. The grey market price of Kross Limited IPO Allotment was Rs. 48 on 9th September 2024.
Currently, the Kross IPO GMP is Rs. 50/-. After adding the price band of 240 and GMP, the estimated listing price comes to Rs. 290/-/. So, there might be a 20.3% loss or profit. Please note that the actual listing prices might be different than the expected ones. Individuals will be able to check the actual listing prices on 16th September 2024.
www.krosslimited.com IPO Allotment Result: Highlights
| Name of the IPO Company | Kross Limited |
| Name of the IPO Registrar | Kfin Technologies Limited |
| Face Value of the Share | Rs. 5 Per Share |
| Price Band | Rs. 228 to 240 per share |
| Type of the Issue | Book Built Issue IPO |
| Price Listing At | BSE NSE |
| IPO Allotment Result Availability Status | Available Soon |
| IPO Allotment Result Availability Mode | Online Mode |
| Official Website | https://www.krosslimited.com/ |
Kross Limited IPO Allotment Subscription Status
The investors have applied for the Kross Limited IPO Allotment 17.66 times. It was subscribed 23.40 times in the NII category, 11.26 times in the retail category and 24.55 times in QIB.
| Investor Category | Shares Offered | Shares Bid for | Subscription (times) | Total Amount (Rs Cr.) |
| Qualified Institutions | 4,166,667 | 10,22,81,462 | 24.55 | 2,454.76 |
| Non-Institutional Buyers | 3,125,000 | 7,31,12,818 | 23.4 | 1,754.71 |
| bNII (bids above ₹10L) | 2,083,534 | 4,83,55,474 | 23.21 | 1,160.53 |
| sNII (bids below ₹10L) | 1,041,466 | 2,47,57,344 | 24 | 594.18 |
| Retail Investors | 7,291,666 | 8,21,07,344 | 11.26 | 1,970.58 |
| Employees | 0 | 0 | [.] | 0 |
| Others | 0 | 0 | [.] | 0 |
| Total | 14,583,333 | 25,75,01,624 | 17.66 Times | 6,180.04 |
Kross Manufacturers (India) Private Limited IPO Allotment Schedule
| Events | Schedule |
| IPO Opening Date | 9th September 2024 |
| Closing Date of the IPO | 11th September 2024 |
| Display for the IPO Allotment Result | 12th September 2024 |
| Transfer of Shares to the Demat Account | 13th September 2024 |
| Commencement of the Refund Process | 13th September 2024 |
| Price Listing Date | 16th September 2024 |
How to check the Kross Limited IPO Allotment Result?
The following section will be helpful for individuals who want to understand the detailed process following which individuals will be able to check the Kross Limited IPO Allotment Result. Follow the steps mentioned below and the allotment result will easily appear:
- Search the official website of the Kfin Technologies Limited using this link address: https://www.kfintech.com/
- Seconds after searching the link, the home page of the website will open on the screen.
- Find and click the Products option available at the top of the screen.
- A drop-down menu will open go to the Investors section followed by the IPO option.
- Afterwards, tap the IPO Allotment Status option and a new page will open on the respective device.
- Now, click the Others IPOs option and a new page will appear on the screen.
- Select any one of the five server links to open the allotment status page.
- On the right side of the screen, select the IPO Company name and option through which you want to open the status i.e., Application Number, Demat Account or PAN Number
- Now provide the details according to the choice made in the previous stage.
- Afterwards, submit the details and the Kross Manufacturers (India) Private Limited IPO Allotment Result will open on the screen.
Kross Limited IPO Allotment Result: Important Links
| Go to the official website | Kross Limited Website Link Kfin Technologies Limited Website Link |
| Check Out the IPO Allotment Result | Check Here |
| Check Out the DRHP | Kross Limited IPO DRHP Link |
| Follow for the latest updates | SVU News, Home Page |
Frequently Asked Questions
When will the authority release the Kross Limited IPO Allotment Result?
The authority will release the allotment result on 12th September 2024.
What after the issuance of the www.krosslimited.com IPO Allotment Result?
After issuing the IPO allotment result, the officials will transfer the shares to the Demat account and refund the amount of the remaining people.
