JSA advised Kross Limited and Equirus Capital Private Limited, the book running lead manager in relation to the initial public offering of equity shares of Kross Limited aggregating to INR 5000 million. The IPO comprised a fresh issue of shares aggregating INR 2,500 million and an offer for sale up to equity shares by certain promoters of Kross Limited aggregating INR 2,500 million.
Kross is engaged in manufacturing and supply of trailer axle and suspension assembly and a range of forged and precision machined high performance safety critical parts for medium and heavy commercial vehicles and farm equipment segments.
Deal value: USD 60 million
Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Partner – Anshu Bansal, Senior Associate – Sourav Modi, Associates – Jeebitesh Bhattacharya, Anvita Sinha, and Vaishnavi Kokkonda.
Anshu practices in the areas of Capital Markets (IPO, QIP, Rights Issues, Offer for Sale, Preferential allotments, buyback in listed space etc.).