On the second day of bidding, the IPO for Kross Ltd, an auto components manufacturer, was fully subscribed, with retail investors leading the way and non-institutional investors trailing closely behind. According to BSE data, Kross’ IPO subscription status is 2.36 times as of 4:25 IST.
According to BSE data, the initial share sale attracted bids for 3,62,56,608 shares, with 1,53,50,877 shares on offer.
Retail investors subscribed 3.68 times whereas non-institutional investors subscribed 2.44 times their allotted portion.
Kross Ltd said on Friday that it raised ₹150 crore from anchor investors. The company has set a price range of ₹228-₹240 per share.
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