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Kross IPO vs Shree Tirupati Balajee IPO

Comparision between Kross IPO and Shree Tirupati Balajee IPO.

IPO Details

Kross IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Kross IPO Shree Tirupati Balajee IPO
Logo Kross IPO Logo Shree Tirupati Balajee 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 Pnb Investment Services Ltd

Unistone Capital Pvt Ltd
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 Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

  Kross IPO Shree Tirupati Balajee IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹228.00 per share ₹78.00 per share
Issue Price (Upper) ₹240.00 per share ₹83.00 per share
Issue Price (Final) ₹240.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 62 shares 180 shares
Fresh Issue Size 1,04,16,667 shares 1,47,50,000 shares
Fresh Issue Size (Amount) up to ₹250.00 Cr up to ₹122.43 Cr
OFS Issue Size 1,04,16,667 shares 56,90,000 shares
OFS Issue Size (Amount) up to ₹250.00 Cr up to ₹47.23 Cr
Issue Size Total 2,08,33,334 shares 2,04,40,000 shares
Issue Size Total (Amount) up to ₹500.00 Cr up to ₹169.65 Cr

IPO Timetable

Kross IPO opens on Sep 09, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Kross IPO and Shree Tirupati Balajee IPO is Sep 11, 2024, and Sep 09, 2024, respectively.

  Kross IPO Shree Tirupati Balajee IPO
Anchor Bid Date Sep 06, 2024 Sep 04, 2024
Issue Open Sep 09, 2024 Sep 05, 2024
Issue Close Sep 11, 2024 Sep 09, 2024
Basis Of Allotment (Tentative) Sep 12, 2024 Sep 10, 2024
Initiation of Refunds (Tentative) Sep 13, 2024 Sep 11, 2024
Credit of Share (Tentative) Sep 13, 2024 Sep 11, 2024
Listing date (Tentative) Sep 16, 2024 Sep 12, 2024
Anchor Lockin End date 1 Oct 12, 2024 Oct 10, 2024
Anchor Lockin End date 2 Dec 11, 2024 Dec 09, 2024

Financials

Kross IPO P/E ratio is 28.93, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

  Kross IPO Shree Tirupati Balajee 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets352250.57197.82
Revenue621.46489.36297.88
Profit After Tax44.8830.9312.17
Net Worth146.81102.1172.4
Reserves and Surplus119.7688.5858.88
Total Borrowing117.988.2686.06
Amount in ₹ Crore

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets516.94392.46391.89
Revenue552.82478.14453.79
Profit After Tax36.0720.7213.66
Net Worth173.07110.2192.23
Reserves and Surplus106.24109.05
Total Borrowing243.69223.81240.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100.00% 88.38%
Promoter Shareholding (Post-Issue) 67.7 % 65.42%
P/E Ratio 28.93 15.37
Market Cap ₹1548.23 Cr. ₹677.04 Cr.
ROE 30.57%% 20.84%%
ROCE 28.15%% 16.29%%
Debt/Equity 0.8 1.41
EPS ₹8.30 ₹5.40
RoNW 30.57%% 20.84%%

Shares Offered

In the Kross IPO retail investors (RII) are offered 72,91,666 shares while in Shree Tirupati Balajee IPO retail investors are offered 72,91,666 shares. Qualified institutional buyers (QIB) are offered 41,66,667 shares in Kross IPO and 40,88,000 shares in Shree Tirupati Balajee IPO.

  Kross IPO Shree Tirupati Balajee IPO
Anchor Investor Reserveration 62,49,999 shares 61,32,000 shares
Market Maker Reserveration
QIB 41,66,667 shares 40,88,000 shares
NII 31,25,000 shares 30,66,000 shares
RII 72,91,666 shares 71,54,000 shares
Employee 0 shares 0 shares
Others
Total 1,45,83,333 shares 1,43,08,000 shares

Bids Received (Subscription)

Kross IPO subscribed 17.66x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

  Kross IPO Shree Tirupati Balajee IPO
QIB (times) 24.55x 150.87x
NII (times) 23.40x 210.12x
Big NII (times) 23.21x 225.47x
Small NII (times) 23.77x 179.41x
RII (times) 11.26x 73.22x
Employee (times)
Other (times)
Total (times) 17.66x 124.74x

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