Kross set for Monday debut. Check GMP to know the potential listing price
Kross Ltd will debut on the exchanges on Monday. Ahead of the listing, the company’s shares are trading with a grey market premium (GMP) of Rs 24.5.
With the upper price band set at Rs 240, the stock is anticipated to list at a 10% premium to the issue price.
However, it is important to note that grey market premiums are only indicators of how the company's shares are perceived in the unlisted market and can change rapidly.
The IPO proceeds will be used by the management to repay debt and fund future growth, which is expected to enhance the company’s earnings growth.
Kross is a prominent manufacturer of a diverse range of forged and machined components in India, with an expanding global export presence.
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It manufactures a wide range of high-performance and safety-critical components for the commercial vehicle and tractor segments. The company operates five manufacturing facilities in Jamshedpur, Jharkhand, which are
