Kross Ltd

Kross Ltd IPO Funds Update: No Deviations in Utilization 📊

- Funds raised: Fresh Issue INR 2500M (Net INR 2369.19M) + Offer for Sale INR 2500M (Net INR 2369.19M).

- Utilization breakdown: Capital expenditure (INR 342.14M), repayment of borrowings (INR 900M), working capital (INR 144.1M), and general corporate purposes (INR 449.08M).

- Total utilized: INR 1966.13M out of INR 2500M raised.

- Offer expenses: INR 130.81M (lower than estimated INR 138.08M).

- Monitoring agency: India Ratings and Research Private Limited.