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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 Kross IPO Logo 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 12, 2024 Oct 19, 2024
Anchor Lockin End date 2 Dec 11, 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 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

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets754.01604.14490.33
Revenue1,691.411,637.841,475.79
Profit After Tax80.3571.5761.13
Net Worth398.36318.61257.58
Reserves and Surplus359.01279.08157.12
Total Borrowing266210.47150.4
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

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