Kross Ltd IPO allotment likely today; here's how to check

12 Sep 2024 , 01:47 PM

The allotment of shares for Kross Ltd.’s initial public offering (IPO) is set to be finalized today, September 12. During the three-day subscription period from September 9 to 11, the IPO was significantly oversubscribed, with the demand reaching approximately 17 times the available shares.

Investors can check the allotment of Kross Ltd IPO on BSE website or on the website of IPO registrar. Investors need to provide their PAN details and their IPO application number to check allotment status.

Bids for the IPO totaled over 25.66 crore shares, while only 1,53,50,877 shares were on offer, resulting in an oversubscription ratio of 16.7 times. The retail category of the IPO was subscribed more than 10.6 times, indicating strong interest from individual investors. The portion allocated for non-institutional investors (NIIs) was subscribed over 22.2 times, reflecting robust demand from this group. Qualified institutional buyers (QIBs) demonstrated even greater enthusiasm, with their segment being subscribed 23.32 times.