Kross IPO Allotment Status Online

Summary

Kross IPO has garnered a robust response from investors, closing with an impressive subscription of 17.45 times by 11th September 2024 at 5:20:10 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 24.55 times, reflecting significant interest from institutional investors.

The Non-Institutional Investors (NII) category also demonstrated strong engagement, subscribing 23.32 times, with big NIIs (bids above ₹10L) subscribing 23.21 times and smaller NIIs (bids below ₹10L) subscribing 23.54 times. Retail investors showed solid interest, with the IPO being subscribed 10.87 times in this category. This strong response across all categories underscores the positive market sentiment towards Kross's offering and suggests optimistic investor expectations for the company's future performance.

How to Check Kross IPO Allotment Status:

How do you Check Kross IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Kfin Technologies Limited. (https://ris.kfintech.com/ipostatus/)

Step 2: From the selection menu, choose Kross IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Kross IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Kross IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Kross Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Kross IPO Timeline:

Kross IPO Subscription Status

The Kross IPO received 17.45 subscriptions. By 11th September 2024 at 5:20:10 PM (Day 3), the public issue had been subscribed 10.87 times in the retail category, 24.55 times in the QIB category, and 23.32 times in the NII category.

Subscription Day 3 (as of 5:20:10 PM)
Total Subscription: 17.45 times.
QIBs: 24.55 times.
Non-institutional investors: 23.32 times.
Retail investors: 10.87 times.

Subscription Day 2
Total Subscription: 2.73 times.
QIBs: 0.03 times.
Non-institutional investors: 3.03 times.
Retail investors: 4.15 times.

Subscription Day 1
Total Subscription: 0.95 times.
QIBs: 0.00 times.
Non-institutional investors: 0.64 times.
Retail investors: 1.62 times.

Kross IPO Details 

Kross's initial public offering (IPO) is a book-built issue amounting to ₹500.00 crores. This offering consists of a fresh issue of 1.04 crore shares aggregating to ₹250.00 crores and an offer for sale of 1.04 crore shares aggregating to ₹250.00 crores.

The bidding process for the Kross IPO commenced on 9th September 2024 and concluded on 11th September 2024. The allotment results for this IPO are anticipated to be finalised on 12th September 2024. Furthermore, the shares of Kross are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 16th September 2024.
The price range for the Kross IPO has been established between ₹228 and ₹240 per share.

Investors must apply for a minimum lot size of 62 shares, which requires a minimum investment of ₹14,880 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (868 shares), totalling ₹208,320. In contrast, for big non-institutional investors (bNII), the minimum investment is 68 lots (4,216 shares), amounting to ₹1,011,840.

Equirus Capital Private Limited is the book-running lead manager for the Kross IPO, and Kfin Technologies Limited is designated as the registrar.

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