Did You Subscribe To KRN Heat Exchanger IPO on the Last Day?

On the last day of bidding, KRN Heat Exchanger IPO witnessed an increased interest from various categories of investors. KRN Heat Exchanger IPO closes on September 27, 2024. The allotment for the KRN Heat Exchanger IPO is expected to be finalised on September 30, 2024. KRN Heat Exchanger IPO will be listed on BSE and NSE with a tentative listing date of October 3, 2024.

KRN Heat Exchanger IPO is entirely a fresh issue of 1.55 crore shares aggregating up to ₹341.95 crore. KRN Heat Exchanger IPO price band has been set at ₹209 to ₹220 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,300. 

At 10:55 AM, KRN Heat Exchanger IPO subscribed 72.28 times. The public issue subscribed 64.44 times in the retail category, 4.46 times in QIB, and 178.63 times in the NII category.

KRN Heat Exchanger IPO is gearing up with higher GMP, which stood at ₹274 at 09:29 AM.  With a price band of ₹220.00, the estimated listing price of KRN Heat Exchanger IPO  is ₹494 (cap price + today’s GMP). The expected percentage gain/loss per share is 124.55%.

KRN Heat Exchanger & Refrigeration Ltd (KHERL) is engaged in the manufacturing of fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (HVAC&R). The company’s product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. 

The company manufactures heat exchangers of various shapes and sizes as per the requirements of the customers and/or demand in the market. The diameter of the heat exchanger tubes it produces ranges from 5MM to 15.88 MM. KHERL’s products are well suited for various air conditioning, heating and ventilation, refrigeration, and process cooling applications.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.