KROSS IPO
SPP Polymers stock debuts with 7% premium on NSE SME platform
SPP Polymers' shares debuted on the NSE SME platform with a 6.78% premium, listing at Rs 63 against an issue price of Rs 59. The IPO saw a strong investor response, being subscribed over 40 times. The company plans to use the proceeds for loan repayment, working capital, and general corporate purposes.
Paramount Speciality Forgings IPO: Check issue size, price band, GMP and other details
Paramount Speciality Forgings will launch its SME IPO, aiming to raise Rs 32 crore. The IPO includes a fresh equity sale and an offer for sale, with shares priced at Rs 57-59 each. The funds will be used for working capital and corporate purposes. The issue closes on September 19, with listing expected on September 24.
Kross shares rally 12% after muted listing. What should investors do?
Shares of newly-listed Kross Ltd soared 12.5% in intraday trading, hitting a peak of Rs 269 on the BSE. This significant rise followed a subdued debut, with the stock initially listed at Rs 239 on the BSE and Rs 240 on the NSE. Prior to the listing, the company's shares were trading with a 10% grey market premium.
Bajaj Housing’s stellar debut leaves Kross and Tolins Tyres in the dark. Are they worth long-term bets?
Kross' IPO was oversubscribed nearly 17 times by the close, fueled by strong demand from both non-institutional and institutional investors. In contrast, Tolins Tyres saw its IPO subscribed 25 times, reflecting solid investor interest.
Tolins Tyres shares list at nearly 1% premium over IPO price
Tolins Tyres Share Price: Of the Rs 200 crore IPO proceeds, Rs 75 crore will be used to augment long-term working capital requirements, Rs 62 crore for repayment of debut. Further, about Rs 24 crore will be used for investment in the company's subsidiary Tolin Rubbers for repaying its debt and supporting its working capital requirements.
Kross Ltd shares debut with 0.5% discount over issue price on BSE
Kross Ltd Share Price: Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. Marquee anchor investors who participated in the anchor round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis MF, Kotak Mahindra Trustee, Alps/ Kotak, Invesco India, Motilal Oswal among others.
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Kross set for Monday debut. Check GMP to know the potential listing price
Kross Ltd's shares are set to debut on the stock exchanges this Monday, following a strong response to their recent IPO. Currently, the shares are trading at a grey market premium (GMP) of Rs 24.5. Given that the upper price band for the shares is Rs 240, they are expected to list at a 10% premium over the issue price.
Kross IPO GMP declines by half ahead of Monday listing. Check details
Kross IPO GMP: Kross' grey market premium has halved to Rs 24 ahead of its listing on Monday. The IPO was subscribed 16.81 times, with QIBs leading the subscription. Share allotment and refunds are expected to be complete.
Listing gains could soar up to 113% as Street awaits debut of Bajaj Housing Finance, 2 other IPOs
Three new IPOs, Bajaj Housing Finance, Kross Ltd, and Tolins Tyres, are set to debut on Monday. Bajaj Housing Finance is expected to be the star performer, with a grey market premium of 113%. All three issues are anticipated to generate positive returns for investors, but grey market premiums can be volatile and should be considered cautiously.
Kross IPO share allotment soon: Check status, GMP, listing date & other details
The share allotment for Kross IPO is expected to be finalized today. Investors can check their allotment status via the BSE or the registrar's website. The IPO saw a subscription rate of nearly 17 times, and shares are set to list on September 16 with a GMP of Rs 50.
Bajaj Housing Finance finds place in history books after getting bids worth Rs 3.2 lk cr
The ₹6,560 crore IPO of Bajaj Housing Finance set records with 64 times subscription on the final bidding day, attracting bids worth nearly ₹3.23 lakh crore. This surpassed Coal India's previous record of ₹2.36 lakh crore in 2010. The IPO also received 8.9 million applications, breaking Tata Technologies' record.
Bajaj Housing Finance breaks all IPO records after getting bids worth Rs 3.2 lakh crore
The issue was subscribed 63.6 times at the close, fueled by significant interest from non-institutional investors, who oversubscribed their category by more than 200 times. The high subscription levels for Bajaj Housing Finance are especially notable, given the competition from three other IPOs in the primary market, including Kross, Tolins, and PN Gadgil. Previously, the record was held by Tata Technologies.
Kross IPO subscribed 15.5 times at close. Check GMP, other details
The highest demand was driven by the institutional investors, subscribing the issue by 23 times, followed by the non-institutional investors, booking the issue by 22 times. The portion for retail investors attracted 10 times susbcription.
Bajaj Housing Finance vs PN Gadgil & 2 other IPOs: Which is the smartest bet?
Investors have four IPOs to choose from, with Bajaj Housing Finance emerging as the top pick due to its strong parentage, diversified business model, and solid financials. The IPO is expected to offer good allotment chances and robust listing gains. PN Gadgil Jewellers is a secondary option for long-term investors.
Kross IPO subscribed 2.56 times on Day 2. Check GMP, other details
The highest demand for Kross IPO was driven by the retail investors, booking the issue by 3.87 times, followed by the non-institutional investors, subscribing to the issue by 2.87 times. The portion for qualified institutional buyers merely attracted 2% subscription.
PN Gadgil Jewellers IPO sails through on Day 1. Check GMP, review, other details
PN Gadgil Jewellers' IPO, which opened for subscription and will close on September 12, saw strong demand on its first day. The company aims to raise funds for new stores, debt repayment, and other corporate purposes.
Naturewings Holidays shares debut with 28% premium on BSE SME platform
Naturewings Holidays shares made a strong debut on the BSE SME platform, listing at Rs 95, a 28.4% premium over the issue price of Rs 74. The IPO saw robust investor interest with a subscription rate of 300 times. The funds will be used for working capital, marketing, and corporate purposes.
PN Gadgil Jewellers IPO set to open: Price band, GMP among 10 things to know before subscribing
The initial public offering (IPO) of PN Gadgil Jewellers will open for subscription on September 10. The issue closes on September 12. Through the public offer, the company plans to raise nearly Rs 1100 crore.
Tolins Tyres IPO fully subscribed on Day 1. Check GMP, other details
The highest demand was driven by the retail investors, booking the issue by 3 times, followed by the non-institutional investors, subscribing the issue by 43%. The portion for qualified institutional buyers saw a subscription of 12%.
Kross Ltd IPO subscribed by 88% on Day 1. Check GMP, other details
The highest demand was from the retail investors, booking the issue by 1.5 times, followed by the non-institutional investors, subscribing 61%. The portion for qualified institutional buyers attracted no bids yet.
IPO calendar next week: 13 new issues to flood primary market in one of busiest weeks seen this year
Analysts said this flurry of activity reflects growing investor confidence and signals a vibrant capital-raising environment, underscoring India's robust economic fundamentals.
Kross IPO opens: Should you subscribe to this Rs 500 crore issue?
Kross IPO: Kross, a Jamshedpur-based company, is launching its Rs 500 crore IPO from Monday to September 11. The IPO includes a fresh equity sale and an offer for sale by promoters. The price band is set at Rs 228-240 per share. Proceeds will be used for debt repayment and growth funding.
Kross a topper in RoE, RoCE; industry cyclicality a risk
Jharkhand-based Kross plans to raise ₹500 crore through an IPO, with proceeds used for capacity expansion and loan repayment. The company, a key supplier in the tractor-trailer segment, is undergoing backward integration and has secured export orders. Investors with high risk appetite may consider this opportunity.
Kross raises Rs 150 crore from anchor investors ahead of IPO
Kross Ltd has secured Rs 150 crore from 19 anchor investors ahead of its IPO. The company plans to raise Rs 500 crore through a fresh equity sale and an offer for sale by promoters. The funds will be used for capital expenditure, debt repayment, and working capital needs.
September IPO Frenzy: Dalal Street set for biggest listing line-up in 14 years as stocks sizzle
September is set to be the busiest month for IPOs in 14 years, with over 15 companies entering the market. Companies like Bajaj Housing, PN Gadgil Jewellers, and Kross Limited are among those launching IPOs. Strong investor demand and buoyant secondary markets are driving this surge, with recent IPOs showing good returns.
Paramatrix Technologies shares list at 5% premium over issue price
Paramatrix Technologies Share Price: Paramatrix Technologies' shares listed on the NSE SME platform with a 5% premium, debuting at Rs 115 against an issue price of Rs 110. The IPO, a fresh equity sale of 30.76 lakh shares, was subscribed over nine times. Funds will be used for infrastructure, service enhancement, and geographical expansion.
Kross to launch Rs 500 crore IPO on September 9. Check details
Kross LTD IPO: Kross Ltd’s IPO, focusing on trailer axles and suspension assemblies, opens for subscription on September 9 and closes on September 11, with anchor investor bidding on September 6. The Rs 500 crore issue includes up to Rs 250 crore in fresh equity and Rs 250 crore from an offer for sale (OFS) by promoter shareholders Sudhir and Anita Rai.
Naman In-Store shares list at 40% premium over IPO price on NSE SME platform
Naman In-Store's successful IPO saw shares debut at 40.45% premium. The company offers retail fixtures, serves retail and industrial customers, and operates in India's growing retail landscape.
Sebi approves IPOs of Saraswati Saree and Kross Ltd
Sebi approves IPOs for Saraswati Saree Depot and Kross Ltd. Saraswati's offer includes fresh shares, OFS by Dulhani promoters. Kross Ltd's Rs 500 crore IPO comprises a fresh equity issue of Rs 250 crore and an offer for sale of Rs 250 crore.
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