Kross IPO Listing: A Flat Listing with Shares Rising to 10% Intraday High

The Kross IPO, which offered a combination of fresh shares and offer for sale, was listed on the National Stock Exchange with a flat listing at Rs 240 apiece. The IPO received bids from September 09 to 11, with the shares allotment finalised on September 12. Despite a flat listing, the shares of Kross rose 10% to an intraday high of Rs 265.99. The company had raised Rs 500 crore through the IPO, with a minimum lot size of 62 shares for retail buyers.

Key Takeaways:

The Kross IPO was listed on the National Stock Exchange with a flat listing at Rs 240 apiece.
The company offered a combination of fresh shares and offer for sale, raising Rs 500 crore.
The IPO was open to investors for bidding from September 09 to 11, with the shares allotment finalised on September 12.
The shares of Kross rose 10% to an intraday high of Rs 265.99, despite the flat listing.
The company manufactures and supplies trailer axles and suspensions, as well as high-performance forged and precision machined safety critical parts for M&HCV and agricultural equipment.
Equirus Capital was the lead book runner of the Kross IPO, while Kfin Technologies was the registrar for the issue.

Statistics:

Rs 500 crore: The amount raised by Kross through the IPO.
62 shares: The minimum lot size for retail buyers.
Rs 14,880: The amount required for the minimum lot size.
10%: The rise in shares of Kross to an intraday high of Rs 265.99.
September 09-11: The period during which the IPO was open to investors for bidding.

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