1 week Ago By Biplob Ghosal
The grey market premium (GMP) indicates that Kross Limited IPO and Tolins Tyres IPO are likely to list with decent returns. Both the IPOs open on September 9, 2024. New Delhi: Kross Limited IPO and Tolins Tyres IPO will open for subscription on September 9, 204 and close on 12th September.
Both the mainboard IPOs will get listed on BSE and NSE. Kross Limited was established in 1991 and it is engaged in the business of manufacturing and supplying trailer axles and suspensions for tractors, trucks and medium and heavy-duty commercial vehicles. Tolins Tyres came into existence in 2003.
It manufactures tyres and Tread Rubber. Kross IPO GMP stood at Rs 50 today morning. With the price band at Rs 240, the shares of Kross IPO are expected to be listed at Rs 290, which means a premium of 20.
83 per cent, investorgain reported. Tolins Tyres IPO GMP was reported to be at Rs 30 today morning. The shares of the tyre manufacturing company are expected to be listed with a gain of over 13.
27 per cent. Kross Ltd IPO price, allotment Kross IPO price band: Rs 228-240 per share. Retail investors need to bid for a minimum lot size of 62 shares.
Minimum investment required – Rs 14,880. NIIs minimum lot size investment mandate is 14 lots for Rs 208,320 bNII required to apply for 68, for which the investment amount is Rs 1,011,840. Kross IPO expected allotment date: September 12, 2024.
The process to initiate refunds to unsuccessful investors is likely to begin on September 13. The Kross Ltd shares are expected to be credited to the successful applicants’ demat accounts on 13th September 13. The shares will list on BSE and NST with a tentative date September 16, 2024.
Tolins Tyres IPO details Retail investors are required to apply for a minimum lot of 66 shares, amounting to Rs 14,916. The minimum lot size investment for sNII is 14 lots. For, bNII, it is 68 lots.
Tolins Tyres IPO allotment is expected to take place on September 12, 2024. The Refunds process is likely to begin on 13th September. The shares are likely to be credited to the demat accounts of eligible shareholders on September 13.
The shares will list on BSE and NSE on with a tentative date on September 16. ( Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds .
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