Kross IPO: What GMP signals as focus shifts on share listing date

  • Kross IPO listing date is set on September 16. The equity shares of Kross Ltd are slated to be listed on both the stock exchanges, BSE and NSE. Check out what Kross IPO GMP signals ahead of listing date:

Ankit Gohel
Published13 Sep 2024, 02:55 PM IST
Kross IPO: What GMP signals as focus shifts on share listing date
Kross IPO: What GMP signals as focus shifts on share listing date

Kross IPO: The initial public offering (IPO) of Kross Ltd, the automobile component manufacturer, received decent demand from investors. As the IPO allotment has been finalised, investors look ahead to Kross IPO listing next week.

Kross IPO listing date is set on September 16. The equity shares of Kross Ltd are slated to be listed on both the stock exchanges, BSE and NSE.

Investors who received IPO share allotment, now look out for Kross IPO GMP ahead of listing to gauge the estimated listing price. The trends in the grey market show positive listing for the Kross IPO.

Also Read | Bajaj Housing Finance IPO: GMP jumps, listing date in focus after allotment

Kross IPO GMP Today

Kross IPO GMP today, or grey market premium today, has dropped to 38 per share, according to stock market observers. This means that the Kross shares are trading higher by 38 in the grey market than their issue price.

Given the trends in Kross IPO GMP today, and the IPO price band, the estimated Kross share listing price is 278 apiece, which is at a premium of 16% to the issue price of 240 per share.

Kross IPO Details

The bidding for Kross IPO began on Monday, September 9, and closed on Wednesday, September 11. The IPO allotment was finalized on September 12 and the Kross IPO listing date is September 16. The equity shares of Kross Ltd will be listed on BSE and NSE.

Kross IPO price band was set at 228 to 240 per share. The company raised 500 crore at the upper-end of the price band of the book-built issue which was a combination of fresh issue of 1.04 crore equity shares worth 250 crore and a similar amount of offer-for sale (OFS) component.

Also Read | Upcoming IPO: BMW Ventures files DRHP at SEBI for fresh issue launch

Kross IPO received strong response from investors as the issue was subscribed 16.81 times in total. The retail category was booked 10.76 times, while the Non-Institutional Investors (NII) segment was subscribed 22.24 times and the Qualified Institutional Buyers (QIBs) portion received 23.32 times subscription.

Equirus Capital Pvt Ltd is the book running lead manager of the Kross IPO, while Kfin Technologies is the IPO registrar.

Read all IPO news here

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:13 Sep 2024, 02:55 PM IST
Business NewsMarketsIPOKross IPO: What GMP signals as focus shifts on share listing date

Most Active Stocks

Tata Steel share price

159.55
03:57 PM | 8 OCT 2024
-4.75 (-2.89%)

Bharat Electronics share price

280.20
03:58 PM | 8 OCT 2024
12.85 (4.81%)

Tata Motors share price

919.85
03:58 PM | 8 OCT 2024
-8.25 (-0.89%)

Zee Entertainment Enterprises share price

126.80
03:59 PM | 8 OCT 2024
0.75 (0.6%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Trent share price

8,047.80
03:41 PM | 8 OCT 2024
598.35 (8.03%)

Dixon Technologies (India) share price

14,557.00
03:29 PM | 8 OCT 2024
1061.15 (7.86%)

IPCA Laboratories share price

1,536.90
03:58 PM | 8 OCT 2024
50.6 (3.4%)

Coforge share price

7,323.60
03:44 PM | 8 OCT 2024
115.45 (1.6%)
More from 52 Week High

NMDC share price

219.10
03:42 PM | 8 OCT 2024
-9.7 (-4.24%)

Vijaya Diagnostic Centre share price

948.70
03:28 PM | 8 OCT 2024
-33.25 (-3.39%)

SBI Life Insurance Company share price

1,732.15
03:29 PM | 8 OCT 2024
-54.8 (-3.07%)

Tata Steel share price

159.55
03:57 PM | 8 OCT 2024
-4.75 (-2.89%)
More from Top Losers

Varun Beverages share price

589.90
03:50 PM | 8 OCT 2024
48.1 (8.88%)

Housing & Urban Development Corporation share price

228.95
03:59 PM | 8 OCT 2024
18.65 (8.87%)

Doms Industries share price

2,683.40
03:29 PM | 8 OCT 2024
214.9 (8.71%)

Garden Reach Shipbuilders & Engineers share price

1,662.90
03:49 PM | 8 OCT 2024
126.35 (8.22%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    77,455.00-220.00
    Chennai
    77,461.00-220.00
    Delhi
    77,613.00-220.00
    Kolkata
    77,465.00-220.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00

    Popular in Markets

      HomeMarketsPremiumInstant LoanMint Shorts