Kross IPO Update:
The initial public offering (IPO) of auto parts manufacturer Kross Ltd launched for public subscription on Monday, September 9. The IPO, valued at Rs 500 crore, has set a price band of Rs 228 to Rs 240 per share. By 3:21 p.m. on the first day of bidding, the IPO had achieved 0.69 times subscription, with 1,01,23,422 shares bid for out of the 1,45,83,333 shares available.
Non-institutional investor subscriptions were at 0.37 times, while retail individual investors (RIIs) showed a stronger interest, subscribing 1.23 times.
Kross IPO: Important Dates
Subscription Period: September 9 to September 11
Share Allotment: Expected to be finalized on September 12
Listing Date: Shares will be listed on BSE and NSE on September 16
Kross IPO: Price Band
Price Range: Rs 228 to Rs 240 per share
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