Kross has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 500 crore through an Initial Public Offering (IPO).
The company proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Besides, a portion will be used for general corporate purposes. Equirus Capital is the book running lead manager to the issue. The equity shares are proposed to be listed on the BSE and the NSE.
Founded in 1991, Kross is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high performance safety critical parts for medium and heavy commercial vehicles and farm equipment segments.
Company Name | CMP |
---|---|
SamvardhanaMotherson | 130.00 |
TVS Holdings | 10750.00 |
Bosch | 30859.00 |
UNO Minda | 749.50 |
Varroc Engineering | 596.50 |
View more.. |