Kross Ltd.’s IPO, which opened for subscription on Monday, has been subscribed 1.4 times by Tuesday. Retail investors led the demand, followed by non-institutional investors. The Rs 500 crore IPO includes a fresh equity sale and an offer for sale by promoters. Proceeds will be used to repay debt and fund growth.
Learn With ETMarkets: Can retail SIPs replace FII flows as India’s market backbone?
Systematic Investment Plans (SIPs) reached an all-time high of ₹27,269 crore in June 2025, reinforcing retail investor confidence and providing liquidity support amid foreign outflows.