Thu Sep 12 15:58:09 UTC 2024: ## Kross IPO Allotment Expected Today, Shares to List on Monday

**Jamshedpur, India** – Investors eagerly await the allotment of shares for the highly subscribed Kross IPO, which is expected to be announced today, Thursday, September 12th. The IPO, which raised a total of ₹6,193 crore, received an overwhelming response, with subscription levels exceeding 16.81 times the initial offer.

The public offer saw strong demand across all categories, with Qualified Institutional Buyers (QIBs) subscribing 23.32 times, non-institutional investors subscribing 22.24 times, and Retail Individual Investors (RIIs) subscribing 10.76 times.

Investors can check their allotment status through the registrar, KFintech, by visiting their website (https://evault.kfintech.com/ipostatus/) and entering their PAN, application number, or DP client ID. Alternatively, they can check the status on the Bombay Stock Exchange (BSE) website.

The grey market premium (GMP) for Kross shares has risen to approximately ₹45, reflecting a premium of over 18% in the unlisted market.

Kross Ltd, a diversified manufacturer of trailer axles, suspension assemblies, and safety-critical parts for commercial vehicles and farm equipment, plans to utilize the proceeds from the IPO for purchasing machinery, repaying debt, meeting working capital needs, and general corporate purposes.

Kross shares are scheduled to be listed on the BSE and NSE on Monday, September 16th.

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