Thu Sep 12 15:58:09 UTC 2024: ## Kross Limited IPO Sees Decent Subscription Despite Bajaj Housing Finance’s Dominance

**Mumbai, September 12, 2024:** Kross Limited’s initial public offering (IPO) has seen decent subscription, with a total subscription of 17.66 times, despite being overshadowed by the public issue of Bajaj Housing Finance this week. The IPO, which opened on September 9th and closed on September 11th, received strong support from both retail and institutional investors.

Retail investors subscribed 11.26 times their allotted portion, while Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) oversubscribed their quotas by 24.55 times and 23.40 times, respectively.

The IPO’s price band was set between Rs 228 and Rs 240 per share, with a minimum investment of Rs 14,880 for retail investors.

Investors can check their allotment status online through the BSE website or the website of Kfin Technologies Limited, the registrar for the issue. The estimated listing price for Kross IPO is around Rs 290, factoring in the current Grey Market Premium (GMP) of Rs 50, suggesting a potential gain of 20.83% per share.

Kross Limited’s shares are scheduled to be listed on both the BSE and NSE on Monday, September 16, 2024.

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