Kross IPO Promoters
The PROMOTERS OF Kross ltd are SUDHIR RAI, ANITA RAI, SUMEET RAI AND KUNAL RAI

Kross IPO Company Details

Kross ltd 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 vehicle and farm equipment segments. It is widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India. In 2019, it commenced manufacture and sale of trailer axle and suspension assemblies and have witnessed robust growth in
the past three years. It has become one of the fastest growing player in the organised trailer axle manufacturing industry competing with major trailer axle manufacturers.
It is one of the few players domestically, with the competency to manufacture trailer axles and suspension assembly in-house.
With a diversified portfolio of high performance and safety critical components for the M&HCV and farm equipment segments, it is a specialist in manufacturing of safety critical components for M&HCV segment which include axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear end spindles, pole wheels and wide variety of tractor components for the hydraulic lift arrangement, power take-off (“PTO”) shafts and front axle spindles.

It supplies its products to a diversified client base which includes large original equipment manufacturers
(“OEMs”) manufacturing M&HCV and tractors, tier one suppliers to the OEMs in the M&HCV segment domestic dealers and fabricators for our trailer axle and suspension business. In the past it has been recognized by customers for the high-quality of the products supplied by us, which is one of the factors that has helped it establish long term relationships with several large domestic and global OEMs, including, Ashok Leyland Limited, a leading Indian automobile OEM and a Indian farm equipment OEM, each of whom it has been associated with for a period of more than 18 years and Tata International DLT Private Limited with whom it has been associated since 2019. Due to its track record and diverse product portfolio, it has also been able to attract new customers such as Leax Falun AB and a Japan based OEM manufacturing commercial vehicles. It has also commenced bulk exports to Leax Falun AB, a Sweden based company manufacturing propeller shafts for commercial vehicle OEMs, in August 2023 with supplies of Universal Joint Crosses and are in stages of validation for other critical parts.

Kross ltd operates out of five manufacturing facilities in Jamshedpur, Jharkhand, equipped with (i) forging presses and upsetters equipped with induction billet heaters, (ii) foundry with a high pressure mould line, (iii) high-precision machining equipment such as turning centres, vertical and horizontal milling centres, grinding, broaching, hobbing, shaping and robotic welding, (iv) in-house cathodic electro-disposition plant (“CED Plant”), powder coating, spray painting and (v) heat treatment furnaces and induction hardening equipment. Its manufacturing facilities (Units I, II, III, IV and V) have obtained ISO 9001:2015 for manufacture of axle shaft, PTO shaft, lift shaft, ring gear, bevel gear assembly and related parts from TÜV NORD CERT GmbH and IATF 16949:2016 quality certifications for manufacture of axle shafts, universal joints (for steering and propeller shaft), differential spiders, companion flanges, anti-roll bar, bevel kit assembly and trailer axle assembly from TÜV NORD CERT GmbH.

For more information about the company, click www.krosslimited.com

Objects of the IPO
This is fresh issue of capital & offer for sale.
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Funding of capital expenditure requirements of the Company towards purchase of machinery and
equipment;
2. 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 institutions;
3. Funding working capital requirements of the Company; and
4. General corporate purposes

Kross IPO GMP Details to watch Guidance & Subscription

Kross Ltd IPO Guidance
The company has strong growth potential and the shares are offered at reasonable valuation. However due to large number of IPOs entering the market, at present, huge oversubscription may not be seen. May Apply with the expectations of small listing gains

Quicklinks

• Staffavailable.com
• BigGaddi.com
• Magajmari.com
• ChanakyaMFGuidance.com

Kross IPO GMP Details to watch Guidance & Subscription

Kross IPO GMP Guidance

Kross IPO Promoters
The PROMOTERS OF Kross ltd are SUDHIR RAI, ANITA RAI, SUMEET RAI AND KUNAL RAI

Kross IPO Company Details

Kross ltd 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 vehicle and farm equipment segments. It is widely recognized as one of the prominent manufacturers of trailer axles and suspension assembly in India. In 2019, it commenced manufacture and sale of trailer axle and suspension assemblies and have witnessed robust growth in
the past three years. It has become one of the fastest growing player in the organised trailer axle manufacturing industry competing with major trailer axle manufacturers.
It is one of the few players domestically, with the competency to manufacture trailer axles and suspension assembly in-house.
With a diversified portfolio of high performance and safety critical components for the M&HCV and farm equipment segments, it is a specialist in manufacturing of safety critical components for M&HCV segment which include axle shafts, companion flanges, anti-roll bars and stabilizer bar assembly, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits, rear end spindles, pole wheels and wide variety of tractor components for the hydraulic lift arrangement, power take-off (“PTO”) shafts and front axle spindles.

It supplies its products to a diversified client base which includes large original equipment manufacturers
(“OEMs”) manufacturing M&HCV and tractors, tier one suppliers to the OEMs in the M&HCV segment domestic dealers and fabricators for our trailer axle and suspension business. In the past it has been recognized by customers for the high-quality of the products supplied by us, which is one of the factors that has helped it establish long term relationships with several large domestic and global OEMs, including, Ashok Leyland Limited, a leading Indian automobile OEM and a Indian farm equipment OEM, each of whom it has been associated with for a period of more than 18 years and Tata International DLT Private Limited with whom it has been associated since 2019. Due to its track record and diverse product portfolio, it has also been able to attract new customers such as Leax Falun AB and a Japan based OEM manufacturing commercial vehicles. It has also commenced bulk exports to Leax Falun AB, a Sweden based company manufacturing propeller shafts for commercial vehicle OEMs, in August 2023 with supplies of Universal Joint Crosses and are in stages of validation for other critical parts.

Kross ltd operates out of five manufacturing facilities in Jamshedpur, Jharkhand, equipped with (i) forging presses and upsetters equipped with induction billet heaters, (ii) foundry with a high pressure mould line, (iii) high-precision machining equipment such as turning centres, vertical and horizontal milling centres, grinding, broaching, hobbing, shaping and robotic welding, (iv) in-house cathodic electro-disposition plant (“CED Plant”), powder coating, spray painting and (v) heat treatment furnaces and induction hardening equipment. Its manufacturing facilities (Units I, II, III, IV and V) have obtained ISO 9001:2015 for manufacture of axle shaft, PTO shaft, lift shaft, ring gear, bevel gear assembly and related parts from TÜV NORD CERT GmbH and IATF 16949:2016 quality certifications for manufacture of axle shafts, universal joints (for steering and propeller shaft), differential spiders, companion flanges, anti-roll bar, bevel kit assembly and trailer axle assembly from TÜV NORD CERT GmbH.

For more information about the company, click www.krosslimited.com

Objects of the IPO
This is fresh issue of capital & offer for sale.
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Funding of capital expenditure requirements of the Company towards purchase of machinery and
equipment;
2. 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 institutions;
3. Funding working capital requirements of the Company; and
4. General corporate purposes

Kross IPO GMP Details to watch Guidance & Subscription

Kross Ltd IPO Guidance
The company has strong growth potential and the shares are offered at reasonable valuation. However due to large number of IPOs entering the market, at present, huge oversubscription may not be seen. May Apply with the expectations of small listing gains

Quicklinks

• Staffavailable.com
• BigGaddi.com
• Magajmari.com
• ChanakyaMFGuidance.com

Kross IPO GMP Details to watch Guidance & Subscription

Kross IPO GMP Guidance