Kross IPO vs Western Carriers (India) IPO

Comparision between Kross IPO and Western Carriers (India) IPO.

IPO Details

Kross IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kross IPO	Western Carriers (India) 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	Jm Financial Limited Kotak Mahindra Capital Company Limited
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	IPO Allotment URL	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 Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Kross IPO	Western Carriers (India) IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹228.00 per share	₹163.00 per share
Issue Price (Upper)	₹240.00 per share	₹172.00 per share
Issue Price (Final)	₹240.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	62 shares	87 shares
Fresh Issue Size	1,04,16,667 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,04,16,667 shares	54,00,000 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹92.88 Cr
Issue Size Total	2,08,33,334 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹492.88 Cr

IPO Timetable

Kross IPO opens on Sep 09, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Kross IPO and Western Carriers (India) IPO is Sep 11, 2024, and Sep 19, 2024, respectively.

	Kross IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 06, 2024	Sep 12, 2024
Issue Open	Sep 09, 2024	Sep 13, 2024
Issue Close	Sep 11, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 11, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 10, 2024	Dec 18, 2024

Financials

Kross IPO P/E ratio is 28.93, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

Kross IPO

Western Carriers (India) 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

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% 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	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

67.7 %

71.89%

P/E Ratio

28.93

16.85

Market Cap

₹1548.23 Cr.

₹1753.63 Cr.

ROE

30.57%%

22.41%%

ROCE

28.15%%

29.23%%

Debt/Equity

0.8

0.67

EPS

₹8.30

₹10.21

RoNW

30.57%%

20.17%%

Shares Offered

In the Kross IPO retail investors (RII) are offered 72,91,666 shares while in Western Carriers (India) IPO retail investors are offered 72,91,666 shares. Qualified institutional buyers (QIB) are offered 41,66,667 shares in Kross IPO and 57,31,163 shares in Western Carriers (India) IPO.

	Kross IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	62,49,999 shares	85,96,743 shares
Market Maker Reserveration
QIB	41,66,667 shares	57,31,163 shares
NII	31,25,000 shares	42,98,372 shares
RII	72,91,666 shares	1,00,29,535 shares
Employee	0 shares	0 shares
Others
Total	1,45,83,333 shares	2,00,59,070 shares

Bids Received (Subscription)

Kross IPO subscribed 17.66x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Kross IPO	Western Carriers (India) IPO
QIB (times)	24.55x	28.81x
NII (times)	23.40x	46.68x
Big NII (times)	23.21x	41.65x
Small NII (times)	23.77x	56.73x
RII (times)	11.26x	26.92x
Employee (times)
Other (times)
Total (times)	17.66x	31.69x

Compare with others

Kross IPO	Western Carriers (India) IPO
KRN Heat Exchanger IPO	Diffusion Engineers IPO
Northern Arc Capital IPO	Manba Finance IPO
Arkade Developers IPO	KRN Heat Exchanger IPO
Western Carriers (India) IPO	Northern Arc Capital IPO
P N Gadgil Jewellers IPO	Arkade Developers IPO
Tolins Tyres IPO	P N Gadgil Jewellers IPO
Shree Tirupati Balajee IPO	Kross IPO
Gala Precision Engineering IPO	Tolins Tyres IPO
Baazar Style Retail IPO	Shree Tirupati Balajee IPO
Bajaj Housing Finance IPO	Gala Precision Engineering IPO

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