Kross Limited – Globe Capital Market LTD.
Kross Limited
Closed
Price Band
₹228 to ₹240 per share
IPO Issue Period
September 9, 2024 to September 11, 2024
Issue Size
₹500.00 Cr
Face value
₹5 per share
Fresh issue
₹250.00 Cr
Offer for sale
₹250.00 Cr
Minimum Shares for Retail
62 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Monday, September 16, 2024
QIB
50%
NII
15%
Retail
35%

Equirus Capital Private Limited

Kross Limited, established in 1991, specializes in manufacturing and supplying trailer axles, suspensions, and safety-critical parts for commercial vehicles and agricultural equipment. Their product range includes axle shafts, companion flanges, anti-roll bars, suspension linkages, and various tractor components. The company serves major OEMs in the M&HCV and tractor sectors, as well as domestic dealers and trailer axle manufacturers. Kross Limited operates five ISO 9001:2015 certified facilities in Jamshedpur, Jharkhand, with capabilities to produce forgings up to 40 kg. Their manufacturing equipment includes forging presses, upsetting lines, a foundry, high-precision machining tools, robot welding systems, CED painting, powder coating, and heat treatment furnaces.

For the year/period ended (Rs. in Cr.)

H1FY24 FY23 FY22
Total Revenue 620.25 488.63 297.46
Profit After Tax 44.88 30.93 12.17
EPS 8.3 5.72 2.25
OPM (%) 13.02% 11.77% 9.93%
PATM (%) 7.24% 6.33% 4.09%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Kross Limited 500.00 240.00 7.82 28.92 620.25 44.88
Automotive Axles Ltd. 3027.38 2003.30 3.04 18.22 2229.17 166.16
GNA Axles Ltd. 1894.97 441.40 2.04 18.96 1506.26 99.96
Talbros Automotive Components Ltd. 2105.24 341.05 1.38 7.58 647.18 55.58

 

 

 

• Long-Standing Relationships with OEMs.
• Prominent Manufacturer in India.
• Diversified Product Portfolio.
• Integrated Manufacturing Operations.
• Sustained Growth and Financial Performance.

  • Capital Expenditure to fund the purchase of machinery and equipment to enhance production capacity and improve operational efficiency.
  • Repayment of Borrowings.
  • Working Capital Requirements.
  • For general corporate purposes

The company is expected to list at a premium valuation. There are many renowned players in this segment offering better margins and profitability. Therefore, we advise caution and recommend not participating in the subscription.

Be a Part of IPO Success Stories!

Never Miss IPO Investment