Kross Ltd - IPO

Kross Ltd IPO Details

Initial public offer of up to 2,08,33,332 equity shares^ of face value of Rs. 5 each of the company for cash at a price of Rs. 240 per equity share (including a share premium of Rs. 235 per equity share) (Offer Price) aggregating up to Rs. 500.00 crores^ (Offer) comprising a fresh issue of up to 1,04,16,666 equity shares of face value of Rs. 5 each by the company aggregating up to Rs. 250.00 crores^ (the Fresh Issue) and an offer for sale of up to 1,04,16,666 equity shares of face value of Rs. 5 each (the Offered Shares) aggregating up to Rs. 250.00 crores^ (the Offer for Sale), comprising up to 7,000,000 equity shares of face value of Rs. 5 each aggregating up to Rs. 168.00 crores^ by Sudhir Rai , up to 3,416,666 equity shares of face value of Rs. 5 each aggregating up to Rs. 82.00 crores^ by Anita Rai (the Promoter Selling Shareholders). The offer shall constitute 32.30% of the post-offer paid-up equity share capital of the company.^Subject to finalisation of basis of allotment

Objective of issue

Funding of capital expenditure requirements of the company towards purchase of machinery and equipment. Repayment or prepayment in full or in part of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutional. Funding working capital requirements of the company. General corporate purposes.

Kross Ltd Contact Details

Kross Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investors@krossindia.com

Website - www.krosslimited.com