Kross IPO GMP today

Kross IPO GMP steady at ₹50, suggesting a decent listing gain

The response to the Kross IPO has been positive, with the issue receiving bids for 16.69 times the number of shares on offer. The grey market premium (GMP) for the IPO has also been steady at ₹50, indicating a decent listing gain for investors.

The company's strong financial performance and growth prospects have attracted investors to the IPO. Kross is a leading manufacturer of glass containers and closures, and it has a strong market share in the Indian market. The company's revenue has grown at a CAGR of 15% over the past three years, and its net profit has grown at a CAGR of 20% over the same period.

The IPO is priced at a P/E ratio of 20x, which is in line with other comparable companies in the sector. The company's strong fundamentals and growth prospects make it a good investment for long-term investors.

Here are some key details about the Kross IPO:

• Issue size: ₹600 crore
• Price band: ₹228-240 per share
• Bid lot: 62 shares
• Issue open: September 12-14, 2024
• Listing date: September 21, 2024

Investors who are interested in applying for the Kross IPO should do so before the issue closes on September 14, 2024.