Kross IPO vs Tolins Tyres IPO

Comparision between Kross IPO and Tolins Tyres IPO.

IPO Details

Kross IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kross IPO	Tolins Tyres 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	Saffron Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
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 Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Kross IPO is and of Tolins Tyres IPO is .

	Kross IPO	Tolins Tyres IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹228.00 per share	₹215.00 per share
Issue Price (Upper)	₹240.00 per share	₹226.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	62 shares	66 shares
Fresh Issue Size	1,04,16,667 shares	88,49,558 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹200.00 Cr
OFS Issue Size	1,04,16,667 shares	13,27,434 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹30.00 Cr
Issue Size Total	2,08,33,334 shares	1,01,76,992 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹230.00 Cr

IPO Timetable

Kross IPO opens on Sep 09, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Kross IPO and Tolins Tyres IPO is Sep 11, 2024, and Sep 11, 2024, respectively.

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

Financials

Kross IPO P/E ratio is 28.93, as compared to Tolins Tyres IPO P/E ratio of 26.64.

Kross IPO

Tolins Tyres 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

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	221.6
Revenue	228.69
Profit After Tax	26.01
Net Worth	100.53
Reserves and Surplus	85.07
Total Borrowing	78.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

92.64%

Promoter Shareholding (Post-Issue)

P/E Ratio

28.93

26.64

Market Cap

₹1548.23 Cr.

₹892.90 Cr.

ROE

30.57%%

25.87%%

ROCE

28.15%%

36.08%%

Debt/Equity

0.78

EPS

₹8.30

₹8.48

RoNW

30.57%%

25.87%%

Shares Offered

In the Kross IPO retail investors (RII) are offered while in Tolins Tyres IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Kross IPO and in Tolins Tyres IPO.

	Kross IPO	Tolins Tyres IPO
Anchor Investor Reserveration	62,49,999 shares	30,53,097 shares
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Kross IPO subscribed in total, whereas Tolins Tyres IPO subscribed .

	Kross IPO	Tolins Tyres IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Kross IPO	Tolins Tyres 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	Shree Tirupati Balajee 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

Comments

Add a public comment...