Kross IPO Subscription Status
Kross IPO was subscribed 17.66 times when bidding closed on 11 Sep 2024: QIB 24.55x, NII 23.4x, Retail 11.26x.
The Kross IPO has been subscribed 17.66x times overall. Retail investors have shown interest with bids for 11.26x the shares available. The Non-Institutional Investor (NII) category has been subscribed 23.4x. Within NII, Big HNI (B-HNI) subscribed 23.21x and Small HNI (S-HNI) subscribed 23.77x. Qualified Institutional Buyers (QIBs) have subscribed 24.55x. Data last updated on 10 Nov, 06:54 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 09 Sep, 2024 and closes on 11 Sep, 2024. The shares are expected to list on stock exchanges on 16 Sep, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 24.55x |
| NII | - of - - | 23.4x |
bHNI — bid amount above ₹10 Lakh |
- - | 23.21 |
sHNI — bid amount ₹2–10 Lakh |
- - | 23.77 |
| Retail | - of - - | 11.26x |
| TOTAL | - - | 17.66x |
Kross IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 8.9% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 24.55x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
11 Sep 2024
Day 3 |
17.66x | ▼ | |
|
QIB24.55x
BHNI23.21x
SHNI23.77x
Retail11.26x
|
|||
|
10 Sep 2024
Day 2 |
2.56x | ▼ | |
|
QIB0.02x
BHNI2.35x
SHNI3.91x
Retail3.87x
|
|||
|
09 Sep 2024
Day 1 |
0.87x | ▼ | |
|
QIB-
BHNI0.38x
SHNI1x
Retail1.49x
|
|||
Kross IPO dates
From the bidding window to listing. Today is 14 November.
- Open 09 Sep 2024
- Close 11 Sep 2024
- Allotment 12 Sep 2024
- Refund/credit 13 Sep 2024
- Listing 16 Sep 2024
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Kross IPO?
As of IPO close date (11 Sep, 2024), the Kross IPO is subscribed 17.66x times. Retail category is 11.26x, and NII is 23.4x subscribed.
When is the allotment date for Kross IPO?
The allotment for Kross IPO is expected to be finalized on 12 September, 2024.
What is the GMP of Kross?
The Grey Market Premium (GMP) for Kross is currently ₹30, indicating a potential listing gain of 12%.
When will Kross IPO list on the stock market?
Kross is scheduled to list on BSE and NSE on 16 September, 2024.
What are the chances of getting allotment in Kross IPO?
The retail category is oversubscribed at 11.26x, meaning allotment is by lottery. Statistically, approximately 1 in 12 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 24.55x mean for Kross IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 24.55x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Kross IPO allotment status?
After the allotment date (12 Sep, 2024), you can check your Kross IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Kross IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
