Kross IPO vs Shree Tirupati Balajee IPO

Comparision between Kross IPO and Shree Tirupati Balajee IPO.

IPO Details

Kross IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kross IPO	Shree Tirupati Balajee IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Equirus Capital Private Limited	Pnb Investment Services Ltd Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Kross IPO is up to ₹500.00 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Kross IPO is and of Shree Tirupati Balajee IPO is ₹83.00 per share.

	Kross IPO	Shree Tirupati Balajee IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹228.00 per share	₹78.00 per share
Issue Price (Upper)	₹240.00 per share	₹83.00 per share
Issue Price (Final)		₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	62 shares	180 shares
Fresh Issue Size	1,04,16,667 shares	1,47,50,000 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹122.43 Cr
OFS Issue Size	1,04,16,667 shares	56,90,000 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹47.23 Cr
Issue Size Total	2,08,33,334 shares	2,04,40,000 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹169.65 Cr

IPO Timetable

Kross IPO opens on Sep 09, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Kross IPO and Shree Tirupati Balajee IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

	Kross IPO	Shree Tirupati Balajee IPO
Anchor Bid Date	Sep 06, 2024	Sep 04, 2024
Issue Open	Sep 09, 2024	Sep 05, 2024
Issue Close	Sep 11, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 12, 2024
Anchor Lockin End date 1	Oct 12, 2024	Oct 10, 2024
Anchor Lockin End date 2	Dec 11, 2024	Dec 09, 2024

Financials

Kross IPO P/E ratio is 28.93, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

Kross IPO

Shree Tirupati Balajee IPO

Financial

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	516.94	392.46	391.89
Revenue	552.82	478.14	453.79
Profit After Tax	36.07	20.72	13.66
Net Worth	173.07	110.21	92.23
Reserves and Surplus	106.24	109.05
Total Borrowing	243.69	223.81	240.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

88.38%

Promoter Shareholding (Post-Issue)

65.42%

P/E Ratio

28.93

15.37

Market Cap

₹1548.23 Cr.

₹677.04 Cr.

ROE

30.57%%

20.84%%

ROCE

28.15%%

16.29%%

Debt/Equity

1.41

EPS

₹8.30

₹5.40

RoNW

30.57%%

20.84%%

Shares Offered

In the Kross IPO retail investors (RII) are offered while in Shree Tirupati Balajee IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Kross IPO and 40,88,000 shares in Shree Tirupati Balajee IPO.

	Kross IPO	Shree Tirupati Balajee IPO
Anchor Investor Reserveration	62,49,999 shares	61,32,000 shares
Market Maker Reserveration
QIB		40,88,000 shares
NII		30,66,000 shares
RII		71,54,000 shares
Employee		0 shares
Others
Total		1,43,08,000 shares

Bids Received (Subscription)

Kross IPO subscribed in total, whereas Shree Tirupati Balajee IPO subscribed 18.34x.

	Kross IPO	Shree Tirupati Balajee IPO
QIB (times)		4.69x
NII (times)		28.64x
Big NII (times)		27.84x
Small NII (times)		30.24x
RII (times)		21.73x
Employee (times)
Other (times)
Total (times)		18.34x

Compare with others

Kross IPO	Shree Tirupati Balajee IPO
Arkade Developers IPO	Arkade Developers IPO
Western Carriers (India) IPO	Western Carriers (India) IPO
P N Gadgil Jewellers IPO	P N Gadgil Jewellers IPO
Tolins Tyres IPO	Kross IPO
Shree Tirupati Balajee IPO	Tolins Tyres IPO
Gala Precision Engineering IPO	Gala Precision Engineering IPO
Baazar Style Retail IPO	Baazar Style Retail IPO
Bajaj Housing Finance IPO	Bajaj Housing Finance IPO
	ECO Mobility IPO
	Premier Energies IPO

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