Kross Ltd. has announced public offering of 20833334 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 235.00 per share. The gross proceeds of the issue are expected to be Rs 50,000.00 lakhs.

The company's initial public offer (IPO) will open on 09 September 2024 and is expected to close on 11 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 228.00-240.00 per share.

The IPO includes a fresh Issue of 20833334 Equity Shares of the Company at an price of Rs 240.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 62 shares with bids in multiples of 62.

Kross Ltd. anticipates using the proceeds of the issue for .

Equirus Capital Private Limited as lead manager & KFin Technologies Ltd. is the registrar, to the issue.