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Kross Ltd

Kross Ltd

    Registered Office : M 4 Phase VI Gamharia,Adityapur Industrial Area,Jamshedpur Jharkhand 832108 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 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

Opens On

Closes On

09-Sep-2024

11-Sep-2024

Money Payable On

Application

Allotment

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 (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

236.19

500.00

32.25

240.00

Equirus Capital Pvt Ltd

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
  • Sudhir Rai
  • Anita Rai
  • Sumeet Rai
Listing At
  • BSE
  • NSE
Registrar to the Issue
  • KFin Techologies Ltd