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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital expenditure on machinery and equipment
Funding the purchase of machinery and equipment to expand manufacturing capacity.
Repayment or prepayment of borrowings
Repaying or prepaying certain outstanding bank and financial institution borrowings.
Working capital funding
Funding the company's working capital requirements.
General corporate purposes
The balance of the fresh issue proceeds after the above uses, for general corporate purposes.
(₹ in Crore)
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Kross Limited is a Jamshedpur based manufacturer of forged and precision-machined, safety-critical components for medium and heavy commercial vehicles and farm equipment. Its product range includes axle shafts, companion flanges, anti-roll bars and stabilizer bar assemblies, suspension linkages, differential spiders, bevel gears, planet carriers, inter-axle kits and a range of tractor parts, alongside complete trailer axle and suspension assemblies. Founded in 1991 as Kross Manufacturers (India) Private Limited, the company operates five ISO 9001:2015 certified manufacturing facilities in the Adityapur industrial area near Jamshedpur, Jharkhand, employing roughly 528 people as of mid-2024. Its forging capability extends to components weighing up to 40 kilograms, supporting a broad mix of axle and suspension parts for commercial vehicle original equipment manufacturers. Revenue and profit grew sharply over the three years leading up to the IPO, driven by increased orders from commercial vehicle makers. The company is reasonably concentrated among a small set of large customers, a common feature of the auto-ancillary supply model, and used part of the IPO proceeds to expand machinery capacity, pare down borrowings and fund working capital to support continued growth.
Ahead of the public issue, Kross Limited allotted about 62.5 lakh shares to anchor investors at the issue price of Rs 240 per share, raising approximately Rs 150 crore. The anchor book included EastSpring Investments, Mathews Asia Funds, LIC Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Edelweiss Mutual Fund and Max Life Insurance Company.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Strong revenue and profit growth
Revenue and profit both roughly doubled over the three years before listing, reflecting rising order volumes from commercial vehicle OEMs.
Broad, safety-critical product range
The company supplies a wide range of forged and machined axle, suspension and drivetrain components rather than a single part, spreading its exposure across a vehicle's undercarriage systems.
Established manufacturing base
Five ISO-certified plants clustered in Jamshedpur give the company scale and process consistency built up over more than three decades in forging.
Revenue concentrated in a few customers
Its top five customers have each accounted for more than 66 percent of revenue in recent years, so losing even one major customer would materially hurt sales.
No long-term customer contracts
Orders are placed without firm long-term agreements, so customers are free to shift sourcing elsewhere with little notice.
Exposure to commercial vehicle demand cycles
Demand for its components tracks the sales cycles of the truck and tractor makers it supplies, so a slowdown in that end market would flow through to its own volumes.
Kross Limited
M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108, Jharkhand, India
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Customer pricing pressure
Large OEM customers can push back on pricing, which could squeeze margins even as volumes grow.