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	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 Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

	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)	₹240.00 per share	₹226.00 per share
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 11, 2024	Oct 12, 2024
Anchor Lockin End date 2	Dec 10, 2024	Dec 12, 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)

67.7 %

68.53%

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

0.8

0.78

EPS

₹8.30

₹8.48

RoNW

30.57%%

25.87%%

Shares Offered

In the Kross IPO retail investors (RII) are offered 72,91,666 shares while in Tolins Tyres IPO retail investors are offered 72,91,666 shares. Qualified institutional buyers (QIB) are offered 41,66,667 shares in Kross IPO and 20,35,398 shares in Tolins Tyres IPO.

	Kross IPO	Tolins Tyres IPO
Anchor Investor Reserveration	62,49,999 shares	30,53,097 shares
Market Maker Reserveration
QIB	41,66,667 shares	20,35,398 shares
NII	31,25,000 shares	15,26,549 shares
RII	72,91,666 shares	35,61,947 shares
Employee	0 shares	0 shares
Others
Total	1,45,83,333 shares	71,23,894 shares

Bids Received (Subscription)

Kross IPO subscribed 17.66x in total, whereas Tolins Tyres IPO subscribed 25.03x.

	Kross IPO	Tolins Tyres IPO
QIB (times)	24.55x	26.72x
NII (times)	23.40x	28.80x
Big NII (times)	23.21x	26.39x
Small NII (times)	23.77x	33.63x
RII (times)	11.26x	22.45x
Employee (times)
Other (times)
Total (times)	17.66x	25.03x

Compare with others

Kross IPO	Tolins Tyres IPO
KRN Heat Exchanger IPO	Northern Arc Capital IPO
Northern Arc Capital 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	Kross IPO
Tolins Tyres 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

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