Kross Ltd.
Industry:
Auto Ancillary
Issue Details
Open Date
09 Sep 2024Close Date
11 Sep 2024Size (in Crs.)
368.421
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-12Lot Size
62
Type
Book building
Face Value
5
Market Lot
1
Objective of the Issue
1. Funding of capital expenditure requirements of our Company towards purchase of machinery andequipment;2. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions;3. Funding working capital requirements of the Company; 4. General corporate purposes
Description
We are backward integrated with design, process engineering, forging, casting and machining capabilities whichallows us greater control over process, timelines, pricing and quality. We believe that our in-house designcapabilities have been instrumental in our success by allowing us to work closely with customers for design anddevelopment of high performance and safety-critical components and assemblies, such as, anti-roll bars andstabiliser bars, where we along with the OEM’s design team, conceptualised the de... Show More
Address
M - 4 , Phase V I , Gamharia , Adityapur Industrial Area
Jamshedpur
832108
State
Jharkhand
Phone No.
0657-2203812 / 2203813
Website
www.krosslimited.com
Promoter Holding
Promoters:
Anita Rai, Kunal Rai, Sudhir Rai, Sumeet Rai
Total Share Capital
54091956
Offered to Public
20833332
% Promoter's Holding (Pre-Issue)
99.99
% Promoter's Holding (Post-Issue)
67.7
Shares on offer
Total Share Offer
54091956
Of above offred to public
20833332
Post Issue shares
NA
Post Issue Promoters
67.7
Lead Managers to the Issue:
Equirus Capital Pvt Ltd
Registrar Details
Registrar Name:
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Address
Karvy Selenium Tower B, Plot 31-32 , Gachibowli,Financial District , Nanakramguda , Hyderabad
500032