The grey market premium (GMP) on Kross’ shares have reduced by half to Rs 24 from Rs 50 ahead of the listing of the stock on September 16, Monday. This is a 10% premium over the issue price of Rs 240 per share. The three-day initial public offering (IPO) which ended on September 11 got … Read more
Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. The company has allotted 62.49 lakh shares at Rs 240 apiece, which is the upper end of the price band. Marquee anchor investors who participated in the round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis … Read more
The IPO of Kross Ltd, a diversified company specializing in the manufacturing and supply of trailer axles and suspension assemblies, will open for subscription on September 9. The three-day issue will close on September 11, with bidding for anchor investors scheduled for one day on September 6. The Rs 500 crore IPO of the Jamshedpur-based … Read more
