Kross Limited IPO
Kross Limited was a mainboard IPO in the Auto Components & Equipments sector, offered at ₹228–₹240 per share to raise ₹500 crore. The issue was subscribed 16.81× overall (QIBs 23.32×, NIIs 22.24×, retail 10.76×). It listed on 16 Sep 2024 at ₹240 and closed its first day at ₹260, a listing gain of +8.2% versus the ₹240 issue price. It now trades around ₹280 (+16.8% versus the issue price).
Frequently asked questions
- How many times was the Kross Limited IPO subscribed?
- The Kross Limited IPO was subscribed 16.81× overall — 23.32× in the QIB category, 22.24× among non-institutional investors, 10.76× in retail.
- What were the Kross Limited IPO listing gains?
- Kross Limited listed on 16 Sep 2024 at ₹240, closing its first day at ₹260 — a listing gain of +8.2% versus the ₹240 issue price.
- What were the retail allotment odds for the Kross Limited IPO?
- Retail was subscribed 10.76×, so a single-lot application had roughly a 9.3% chance of allotment (about 1 in 11), and allotment was finalised on 12 Sep 2024.
- What was the price band and lot size of the Kross Limited IPO?
- The price band was ₹228–₹240 per share, with a minimum lot of 62 shares (₹14,880 at the upper band).
- Who were the registrar and lead manager for the Kross Limited IPO?
- KFin Technologies Limited was the registrar, and Equirus was the book-running lead manager.