Comparison between Kross IPO and Tolins Tyres IPO.
Kross IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Kross IPO is up to ₹500.00 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Tolins Tyres IPO is ₹226.00 per share.
| Kross IPO | Tolins Tyres IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹5 per share |
| Issue Price (Lower) | ₹228.00 per share | ₹215.00 per share |
| Issue Price (Upper) | ₹240.00 per share | ₹226.00 per share |
| Issue Price (Final) | ₹240.00 per share | ₹226.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 62 shares | 66 shares |
| Fresh Issue Size | 1,04,16,666 shares | 88,49,559 shares |
| Fresh Issue Size (Amount) | up to ₹250.00 Cr | up to ₹200.00 Cr |
| OFS Issue Size | 1,04,16,666 shares | 13,27,432 shares |
| OFS Issue Size (Amount) | up to ₹250.00 Cr | up to ₹30.00 Cr |
| Issue Size Total | 2,08,33,332 shares | 1,01,76,991 shares |
| Issue Size Total (Amount) | up to ₹500.00 Cr | up to ₹230.00 Cr |
Kross IPO opens on Sep 09, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Kross IPO and Tolins Tyres IPO is Sep 11, 2024, and Sep 11, 2024, respectively.
| Kross IPO | Tolins Tyres IPO | |
|---|---|---|
| Anchor Bid Date | Sep 06, 2024 | Sep 06, 2024 |
| Issue Open | Sep 09, 2024 | Sep 09, 2024 |
| Issue Close | Sep 11, 2024 | Sep 11, 2024 |
| Basis Of Allotment (Tentative) | Sep 12, 2024 | Sep 12, 2024 |
| Initiation of Refunds (Tentative) | Sep 13, 2024 | Sep 13, 2024 |
| Credit of Share (Tentative) | Sep 13, 2024 | Sep 13, 2024 |
| Listing date (Tentative) | Sep 16, 2024 | Sep 16, 2024 |
| Anchor Lockin End date 1 | Oct 11, 2024 | Oct 12, 2024 |
| Anchor Lockin End date 2 | Dec 10, 2024 | Dec 12, 2024 |
Kross IPO P/E ratio is 28.93, as compared to Tolins Tyres IPO P/E ratio of 26.64.
| Kross IPO | Tolins Tyres IPO | |||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 92.64 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.7 | 68.53 | ||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.93 | 26.64 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1548.23 Cr. | ₹892.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.57% | 25.87% | ||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 28.15% | 36.08% | ||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.80 | 0.78 | ||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.30 | ₹8.48 | ||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.57% | 25.87% | ||||||||||||||||||||||||||||||||||||||||||||||||
In the Kross IPO Retail Individual Investors (RII) are offered 72,91,667 shares while in Tolins Tyres IPO retail investors are offered 72,91,667 shares. Qualified Institutional Buyers (QIB) are offered 41,66,666 shares in Kross IPO and 20,35,398 shares in Tolins Tyres IPO.
| Kross IPO | Tolins Tyres IPO | |
|---|---|---|
| Anchor Investor Reservation | 62,49,999 shares | 30,53,097 shares |
| Market Maker Reservation | ||
| QIB | 41,66,666 shares | 20,35,398 shares |
| NII | 31,25,000 shares | 15,26,549 shares |
| RII | 72,91,667 shares | 35,61,947 shares |
| Employee | ||
| Others | ||
| Total | 2,08,33,332 shares | 1,01,76,991 shares |
Kross IPO subscribed 17.66x in total, whereas Tolins Tyres IPO subscribed 25.03x.
| Kross IPO | Tolins Tyres IPO | |
|---|---|---|
| QIB (times) | 24.55x | 26.72x |
| NII (times) | 23.40x | 28.80x |
| Big NII (times) | 23.21x | 26.39x |
| Small NII (times) | 23.77x | 33.63x |
| RII (times) | 11.26x | 22.45x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 17.66x | 25.03x |
