IPO Synopsis
| Kross Ltd |
|---|
| Registered Office: M 4 Phase VI Gamharia,Adityapur Industrial Area,Jamshedpur-832108, Jharkhand |
| Tel. No: +91 0657 2203812 |
| Fax No: NA |
| Email: investors@krossindia.com |
| Website: www.krosslimited.com |
| Initial public offer of up to 2,08,33,332 equity shares^ of face value of Rs. 5 each of the company for cash at a price of Rs. 240 per equity share (including a share premium of Rs. 235 per equity share) ("Offer Price") aggregating up to Rs. 500.00 crores^ ("Offer") comprising a fresh issue of up to 1,04,16,666 equity shares of face value of Rs. 5 each by the company aggregating up to Rs. 250.00 crores^ (the "Fresh Issue") and an offer for sale of up to 1,04,16,666 equity shares of face value of Rs. 5 each (the "Offered Shares") aggregating up to Rs. 250.00 crores^ (the "Offer for Sale"), comprising up to 7,000,000 equity shares of face value of Rs. 5 each aggregating up to Rs. 168.00 crores^ by Sudhir Rai , up to 3,416,666 equity shares of face value of Rs. 5 each aggregating up to Rs. 82.00 crores^ by Anita Rai (the "Promoter Selling Shareholders"). The offer shall constitute 32.30% of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of basis of allotment |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 09-Sep-2024 | 11-Sep-2024 | ₹240.00 - 0.00 | |
| Minimum Application for shares in Nos : 62.0 | Further Multiples of :62.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 236.19 | Equirus Capital Pvt Ltd |
| Project Financed through Current Offer | 500.00 | |
| Post Issue Equity Share Capital | 32.25 | |
| Issue Price | 240.00 |
| Projects |
|---|
| Funding of capital expenditure requirements of the company towards purchase of machinery and equipment |
| Repayment or prepayment in full or in part of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutional |
| Funding working capital requirements of the company |
| General corporate purposes |
| Promoted By |
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| Sudhir Rai |
| Anita Rai |
| Sumeet Rai |
| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
|---|
