Kross Limited
ListedMainboardCapital Goods · NSE / BSE
Kross Limited, established in 1991 and formerly known as Kross Manufacturers (India) Private Limited, is a specialized manufacturer of trailer axles, suspensions, and a wide range of high-precision forged and machined components used in medium and heavy-duty commercial vehicles (M&HCV) and agricultural equipment. Its product lineup includes axle shafts, companion flanges, anti-roll bars, stabilizer bar assemblies, suspension linkages, bevel gears, differential spiders, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and various tractor components such as hydraulic lift arrangement parts, PTO shafts, and front axle spindles. Serving leading OEMs in the M&HCV and tractor segments, along with domestic dealers and trailer axle manufacturers, the company operates five ISO 9001:2015 certified manufacturing units in Jamshedpur, Jharkhand. These facilities feature advanced forging presses, precision machining systems, a modern foundry with a high-pressure moulding line, and robust finishing capabilities including cathodic electro dip painting, powder coating, and heat treatment. As of June 30, 2024, Kross Limited employs 528 permanent staff members.
Price Band
₹228 – ₹240
Issue Size
₹500 Cr
Lot Size
62 shares
GMP
₹24.5
+10.2%
Est. Listing
₹264.5
at current GMP
Subscribed
17.69x
overall
Open
9 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Refund
13 Sep 2024
Demat Credit
14 Sep 2024
Listing
16 Sep 2024
Last updated 12 days ago
Live Grey Market Premium
Kross Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹24.5+10.2%
Issue Price (Upper)
₹240
Band: ₹228 – ₹240
Estimated Listing Price
₹264.5
Upper price + GMP
Lot Size
62 shares
Min investment ₹14,880
Estimated Profit / Lot
₹1,519
62 × ₹24.5
Kross Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹24.5
▲ 0 today
Updated less than a minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹24.5 | 10.2% | ₹264.5 |
| 30 Oct 2026 | +₹24.5 | 10.2% | ₹264.5 |
| 29 Oct 2026 | +₹22 | 9.2% | ₹262 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Kross Limited Public Issue & Market Profile
Kross Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹500 Crores. The shares are offered at a price band of ₹228 to ₹240 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Pricing Context:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Basis of Allotment & Listing Timeline:
Following the close of bidding on 2024-09-11, the basis of allotment is scheduled to be finalized on 2024-09-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Kross Limited IPO GMP today?
The latest grey market premium for Kross Limited IPO is ₹24.5, which indicates an expected listing price of ₹264.5.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.