Kross Ltd to raise ₹500 crore through IPO. Full details

Kross Limited, a specialist in manufacturing forging components for top Original Equipment Manufacturer (OEMs), have filed its preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹500 crore through an initial public offering (IPO).  The first published issue of the company consists of a fresh issue of shares worth ₹250 crore and an Offer for Sale (OFS) of shares aggregating up to ₹250 crore by promoters.