Comparison between Kross IPO and Western Carriers IPO.
Kross IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Western Carriers 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 Western Carriers IPO is up to ₹492.88 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Western Carriers IPO is ₹172.00 per share.
| Kross IPO | Western Carriers 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) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 62 shares | 87 shares |
| Fresh Issue Size | 1,04,16,666 shares | 2,32,55,813 shares |
| Fresh Issue Size (Amount) | up to ₹250.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 1,04,16,666 shares | 54,00,000 shares |
| OFS Issue Size (Amount) | up to ₹250.00 Cr | up to ₹92.88 Cr |
| Issue Size Total | 2,08,33,332 shares | 2,86,55,813 shares |
| Issue Size Total (Amount) | up to ₹500.00 Cr | up to ₹492.88 Cr |
Kross IPO opens on Sep 09, 2024, while Western Carriers IPO opens on Sep 13, 2024. The closing date of Kross IPO and Western Carriers IPO is Sep 11, 2024, and Sep 19, 2024, respectively.
| Kross IPO | Western Carriers 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 11, 2024 | Oct 19, 2024 |
| Anchor Lockin End date 2 | Dec 10, 2024 | Dec 18, 2024 |
Kross IPO P/E ratio is 28.93, as compared to Western Carriers IPO P/E ratio of 16.85.
| Kross IPO | Western Carriers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 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 | 0.80 | 0.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.30 | ₹10.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.57% | 20.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kross IPO Retail Individual Investors (RII) are offered 72,91,667 shares while in Western Carriers IPO retail investors are offered 72,91,667 shares. Qualified Institutional Buyers (QIB) are offered 41,66,666 shares in Kross IPO and 57,31,163 shares in Western Carriers IPO.
| Kross IPO | Western Carriers IPO | |
|---|---|---|
| Anchor Investor Reservation | 62,49,999 shares | 85,96,743 shares |
| Market Maker Reservation | ||
| QIB | 41,66,666 shares | 57,31,163 shares |
| NII | 31,25,000 shares | 42,98,372 shares |
| RII | 72,91,667 shares | 1,00,29,535 shares |
| Employee | ||
| Others | ||
| Total | 2,08,33,332 shares | 2,86,55,813 shares |
Kross IPO subscribed 17.66x in total, whereas Western Carriers IPO subscribed 31.69x.
| Kross IPO | Western Carriers 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 |
