Kross IPO vs P N Gadgil Jewellers IPO

Comparision between Kross IPO and P N Gadgil Jewellers IPO.

IPO Details

Kross IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while P N Gadgil Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Kross IPO	P N Gadgil Jewellers 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	Motilal Oswal Investment Advisors Limited Nuvama Wealth Management Limited Bob Capital Markets Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 P N Gadgil Jewellers IPO is up to ₹1,100.00 Cr. The final issue price of Kross IPO is ₹240.00 per share and of P N Gadgil Jewellers IPO is ₹480.00 per share.

	Kross IPO	P N Gadgil Jewellers IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹228.00 per share	₹456.00 per share
Issue Price (Upper)	₹240.00 per share	₹480.00 per share
Issue Price (Final)	₹240.00 per share	₹480.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	62 shares	31 shares
Fresh Issue Size	1,04,16,667 shares	1,77,08,334 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹850.00 Cr
OFS Issue Size	1,04,16,667 shares	52,08,333 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹250.00 Cr
Issue Size Total	2,08,33,334 shares	2,29,16,667 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹1,100.00 Cr

IPO Timetable

Kross IPO opens on Sep 09, 2024, while P N Gadgil Jewellers IPO opens on Sep 10, 2024. The closing date of Kross IPO and P N Gadgil Jewellers IPO is Sep 11, 2024, and Sep 12, 2024, respectively.

	Kross IPO	P N Gadgil Jewellers IPO
Anchor Bid Date	Sep 06, 2024	Sep 09, 2024
Issue Open	Sep 09, 2024	Sep 10, 2024
Issue Close	Sep 11, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 17, 2024
Anchor Lockin End date 1	Oct 11, 2024	Oct 13, 2024
Anchor Lockin End date 2	Dec 10, 2024	Dec 12, 2024

Financials

Kross IPO P/E ratio is 28.93, as compared to P N Gadgil Jewellers IPO P/E ratio of 36.7.

Kross IPO

P N Gadgil Jewellers 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

P N Gadgil Jewellers Limited Financial Information (Restated Consolidated)

P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% 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	1,464.98	1,062.55	1,110.24
Revenue	6,119.1	4,559.31	2,586.31
Profit After Tax	154.34	93.7	69.52
Net Worth	534.38	365.73	282.01
Reserves and Surplus		255.53	191.22
Total Borrowing	396.5	283.21	294.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

67.7 %

83.11 %

P/E Ratio

28.93

36.7

Market Cap

₹1548.23 Cr.

₹6514.00 Cr.

ROE

30.57%%

28.88%%

ROCE

28.15%%

27.31%%

Debt/Equity

0.8

0.74

EPS

₹8.30

₹13.08

RoNW

30.57%%

28.88%%

Shares Offered

In the Kross IPO retail investors (RII) are offered 72,91,666 shares while in P N Gadgil Jewellers IPO retail investors are offered 72,91,666 shares. Qualified institutional buyers (QIB) are offered 41,66,667 shares in Kross IPO and 48,24,560 shares in P N Gadgil Jewellers IPO.

	Kross IPO	P N Gadgil Jewellers IPO
Anchor Investor Reserveration	62,49,999 shares	68,74,999 shares
Market Maker Reserveration
QIB	41,66,667 shares	48,24,560 shares
NII	31,25,000 shares	36,18,421 shares
RII	72,91,666 shares	84,42,983 shares
Employee	0 shares	0 shares
Others
Total	1,45,83,333 shares	1,68,85,964 shares

Bids Received (Subscription)

Kross IPO subscribed 17.66x in total, whereas P N Gadgil Jewellers IPO subscribed 59.41x.

	Kross IPO	P N Gadgil Jewellers IPO
QIB (times)	24.55x	136.85x
NII (times)	23.40x	56.08x
Big NII (times)	23.21x	59.11x
Small NII (times)	23.77x	50.03x
RII (times)	11.26x	16.58x
Employee (times)
Other (times)
Total (times)	17.66x	59.41x

Compare with others

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

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