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
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 Western Carriers (India) IPO is . The final issue price of Kross IPO is and of Western Carriers (India) IPO is .

	Kross IPO	Western Carriers (India) IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹228.00 per share
Issue Price (Upper)	₹240.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size	62 shares
Fresh Issue Size	1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹500.00 Cr
OFS Issue Size	1,04,16,667 shares	93,28,995 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr
Issue Size Total	2,08,33,334 shares
Issue Size Total (Amount)	up to ₹500.00 Cr

IPO Timetable

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

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

Financials

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

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)

Period Ended	31 Dec 2022	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	572.14	490.33	425.22	358.52
Revenue	1,210.61	1,475.79	1,113.9	1,073.53
Profit After Tax	55.09	61.13	44.53	35.86
Net Worth	302.31	257.58	196.65	152.03
Reserves and Surplus	218.16	157.12	112.51	76.65
Total Borrowing	191.01	150.4	135.68	96.12
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

28.93

Market Cap

₹1548.23 Cr.

ROE

30.57%%

ROCE

28.15%%

Debt/Equity

EPS

₹8.30

RoNW

30.57%%

Shares Offered

In the Kross IPO retail investors (RII) are offered while in Western Carriers (India) IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Kross IPO and in Western Carriers (India) IPO.

	Kross IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	62,49,999 shares
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

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

	Kross IPO	Western Carriers (India) IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

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

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