Kross Limited IPO Overview
Company Overview:
Kross Limited, formerly known as Kross Manufacturers (India) Private Limited, was founded in 1991. The company specializes in the manufacturing and supply of trailer axles, suspensions, and high-performance forged and precision-machined safety-critical parts. These parts are used in medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment.
Product Portfolio:
Kross Limited offers a wide range of products, including axle shafts, companion flanges, anti-roll bars, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and various components for tractors.
Manufacturing and Supply Chain:
The company operates five ISO 9001:2015 certified manufacturing plants located in Jamshedpur, Jharkhand. These facilities have the capacity to produce forgings weighing up to 40 kg. Kross Limited supplies its products to major original equipment manufacturers (OEMs), domestic dealers, and trailer axle and suspension manufacturers.
Manufacturing Capabilities:
Kross Limited's production facilities are equipped with advanced machinery, including forging presses, high-precision machining tools, robot welding systems, foundry equipment, and heat treatment furnaces, enabling high-quality output. Objectives of the IPO:
Capital expenditure
Repayment of borrowings
Meeting working capital requirements
General corporate purposes
Kross Limited IPO Key Details:
IPO Dates: 9 to 11 September 2024
Price Band: ₹228 to ₹240 per share
Lot Size: 62 shares
Total Issue Size: ₹500 Crores
Retail Quota: 35%
GMP: 10% (for informational purposes only)
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