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The mainboard IPO market witnessed a slump in April due to market volatility, election season, and foreign investment outflows. Only 3 issues were listed, with 2 trading above their IPO prices. Overall, 25 mainboard IPOs have listed in 2024 YTD.
Get latest articles and stories on Latest News at LatestLY. Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings. Latest News | Kross, Saraswati Saree Depot Get Sebi's Go Ahead to Float IPO.
Sebi approves IPOs for Saraswati Saree Depot and Kross Ltd. Saraswati's offer includes fresh shares, OFS by Dulhani promoters. Kross Ltd's Rs 500 crore IPO comprises a fresh equity issue of Rs 250 crore and an offer for sale of Rs 250 crore.
The INR 500 crore worth IPO comprises fresh issue worth up to INR 250 crore, and an offer for sale aggregating upto INR 250 crore by the promoters – Sudhir Rai and Anita Rai.
Here's what all you need to know about Kross' IPO worth ₹500 crore.