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Kross

Kross is a diversified company specializing in the manufacturing and supply of trailer axle and suspension assemblies, along with a wide range of high-performance, safety-critical forged and precision-machined components for medium and heavy commercial vehicles, as well as farm equipment. These components include axle shafts, companion flanges, anti-roll bars, stabilizer bar assemblies, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear-end spindles, pole wheels, and a variety of tractor parts for hydraulic lift systems, power take-off shafts, and front axle spindles. The company’s annual production capacity for trailer axle and suspension assemblies is 60,000 units. As of June 30, 2024, Kross has produced approximately 10,145 trailer axles and suspension assemblies. The company’s product development team consists of 22 employees, utilizing advanced design and development tools such as CAD/CAM software, forging simulation software, and finite element analysis. Over Fiscal Years 2024, 2023, and 2022, Kross has invested INR 27.13 crore, INR 18.60 crore, and INR 12.32 crore, respectively, accounting for 4.37%, 3.81%, and 4.14% of the revenue from operations for these periods, towards capital expenditure.

Kross IPO Details

Signature Global IPO Details
Kross IPO Dates
9 – 11 September 2024
Kross Issue Price
INR 228 – 240 per share
Fresh issue
INR 250 crore
Offer For Sale
INR 250 crore
Total IPO Size
INR 500 crore
Minimum bid (size)
62 shares (INR 14,880)
Face Value
INR 5 per share
Retail Allocation
35%
Listing On
NSE, BSE

Kross Financial Performance

Signature Global Financial Performance

FY2022

FY2023

FY2024

Revenue

297.46

488.62

620.25

Expenses

281.58

447.65

560.17

Net income

12.17

30.93

44.88

Margin (%)

4.09

6.33

7.24

Figures in INR Crore unless specified otherwise

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