IPO

IPO Synopsis

Kross Ltd
Registered Office: M 4 Phase VI Gamharia,Adityapur Industrial Area , Jamshedpur - 832108 , Jharkhand , India.
Phone : +91 0657 2203812   Fax:
Email :  investors@krossindia.com  
Website :  www.krosslimited.com
Initial public offer of up to 2,08,33,332 equity shares^ of face value of Rs5 each of the company for cash at a price of Rs240 per equity share (including a share premium of Rs235 per equity share) ("Offer Price") aggregating up to Rs500.00 crores^ ("Offer") comprising a fresh issue of up to 1,04,16,666 equity shares of face value of Rs5 each by the company aggregating up to Rs250.00 crores^ (the "Fresh Issue") and an offer for sale of up to 1,04,16,666 equity shares of face value of Rs5 each (the "Offered Shares") aggregating up to Rs250.00 crores^ (the "Offer for Sale"), comprising up to 7,000,000 equity shares of face value of Rs5 each aggregating up to Rs168.00 crores^ by Sudhir Rai , up to 3,416,666 equity shares of face value of Rs5 each aggregating up to Rs82.00 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 Allotment
09-Sep-24 11-Sep-24 Rs 240.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos :62  Further Multiples of :62
  (Rs 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 Rs 240.00
Projects
Funding of capital expenditure requirements of the company towards purchase of machinery and equipment Funding working capital requirements of the company
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 General corporate purposes
Promoted By Listing At Registrar to the Issue
  Sudhir Rai
  Anita Rai
  Sumeet Rai
 BSE
 NSE
No Data Found.

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