Kross IPO opens for subscription today: Should you invest?

Kross IPO opens for subscription today: Should you invest?

The Rs 500 crore IPO of Kross Ltd opens for bidding on between September 9-11 as the precision products maker is selling its shares in the range of Rs 228-240 apiece, with a lot size of 62 equity shares.

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Kross Ltd manufactures and supplies trailer axles and suspensions and a wide range of high-performance forged and precision machined safety critical parts.Kross Ltd manufactures and supplies trailer axles and suspensions and a wide range of high-performance forged and precision machined safety critical parts.
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Pawan Kumar Nahar
  • Sep 9, 2024,
  • Updated Sep 9, 2024 11:44 AM IST

The initial public offering (IPO) of Kross Ltd opened on Monday, September 9. The company is offering its shares in the range of Rs 228-240 apiece. Investors can apply for a minimum of 62 equity shares and its multiples thereafter. The IPO will close for bidding on Wednesday, September 11. Kross is strategically positioned for sustained growth through its diverse range of manufacturing capabilities in trailer axles, suspension assemblies, and precision components for M&HCV and farm equipment. The company is expanding its operational footprint with significant investments in advanced manufacturing technologies and new product lines, said DR Choksey Finserv.  

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"Kross' diverse client base, including major OEMs and Tier-1 suppliers, contributes significantly to its revenue, with a strong focus on the M&HCV segment. With a strong track record of financial performance and a commitment to innovation, Kross stands to benefit from the ongoing demand for high-quality, safety-critical components," it said with a 'subscribe' rating.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

The initial public offering (IPO) of Kross Ltd opened on Monday, September 9. The company is offering its shares in the range of Rs 228-240 apiece. Investors can apply for a minimum of 62 equity shares and its multiples thereafter. The IPO will close for bidding on Wednesday, September 11. Kross is strategically positioned for sustained growth through its diverse range of manufacturing capabilities in trailer axles, suspension assemblies, and precision components for M&HCV and farm equipment. The company is expanding its operational footprint with significant investments in advanced manufacturing technologies and new product lines, said DR Choksey Finserv.  

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Related Articles

"Kross' diverse client base, including major OEMs and Tier-1 suppliers, contributes significantly to its revenue, with a strong focus on the M&HCV segment. With a strong track record of financial performance and a commitment to innovation, Kross stands to benefit from the ongoing demand for high-quality, safety-critical components," it said with a 'subscribe' rating.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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