What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Kross Limited IPO?

Kross Limited IPO has received a total subscription of 17.69 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Kross Limited

ListedMainboard

Capital 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

17.69x

Total Demand

QIB Multiplier

24.55x

Institutions & Funds

NII / HNI

23.41x

High Net-Worth

Retail (RII)

11.33x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 17.69x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	4,166,667	102,281,462	24.55x
NIB	3,125,000	73,146,918	23.41x
HNIs(10L +)	2,083,534	48,355,474	23.21x
HNIs (2-10L)	1,041,466	24,791,444	23.80x
RETAIL	7,291,666	82,593,486	11.33x
Total	17,708,333	331,168,784	17.69x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 11.14x

Category	Applications Reserved	Applications Received	Times Subscribed
HNIs(10L +)	2,400	11,280	4.70x
HNIs (2-10L)	1,200	27,403	22.84x
RETAIL	117,608	1,311,165	11.15x
Total Applications	121,208	1,349,848	11.14x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Kross Limited IPO is ₹24.5 per equity share. Based on the upper price band of ₹228 to ₹240 per equity share, the estimated listing price is ₹264.5 (+10.2% expected listing gain).

What is the expected profit per lot for Kross Limited IPO?

With a lot size of 62 shares and current GMP of ₹24.5, the expected profit per application lot is approx ₹1,519 (+10.2% gain). Minimum application cost is approx ₹14,880.

What is the issue size and price band for Kross Limited IPO?

The Kross Limited IPO aggregate issue size is ₹500 Crores with an equity price band set at ₹228 to ₹240 per equity share. The retail lot size is 62 shares requiring a minimum capital outlay of approx. ₹14,880.

How can I check Kross Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 17.69x (Retail: 11.33x, QIB: 24.55x, NII: 23.41x). You can track live multiples directly on our dedicated subscription page.

Where and when will Kross Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-09-12. Investors can verify status using PAN card or application number.

When is the listing date for Kross Limited IPO?

Kross Limited shares are scheduled to list on NSE and BSE on 2024-09-16.