Kross IPO opened to investors for subscription on September 09. It will stop taking bids from September 11. The company wants to collect a sum of Rs 500 crore, through a combination of fresh capital and the sale of secondary shares.
GMP
The shares of Kross were attracting a grey market premium of 21% on September 09. The grey market is an unofficial place or black market, where shares trade illegally ahead of listing.
Price Band
The company kept the IPO price band in a range of Rs 228 to Rs 240 per equity share. The allotment of shares is likely to be finalised by September 12. The listing will supposedly be on NSE and BSE on September 16.
Minimum Investment Requirement
A retail participant has to apply for a minimum of one lot that has 62 shares, this amounts to Rs 14,880. There are different lot sizes for small and big NIIs. A small NII needs to invest at least Rs 2,08,320 and a big NII needs Rs 10,11840.
BRLM and Registrar
Equirus Capital Pvt Ltd is the lead book runner of the Kross IPO, while Kfin Technologies has been chosen to work as the registrar for the issue.
