KRN Heat Exchanger IPO, a book built issue of Rs 341.95 crore, will open for subscription on September 25, 2024 and close on 27th September. KRN Heat Exchanger IPO price is set in the range of Rs 209-220 per share. The retail investors are required to bid for a minimum lot size of 65 shares, for which the minimum amount of investment is Rs 14,300. NIIs are mandated to bid for a minimum of 14 lots and for bNII, it is 70 lots.
KRN Heat Exchanger IPO book running lead manager: Holani Consultants Private Limited, while Bigshare Services Pvt Ltd is the registrar for the issue.
KRN Heat Exchanger IPO GMP, allotment
KRN Heat Exchanger IPO GMP is going very strong and the grey market premium indicates that the stock is expected to get listed with over 100 per cent gains. Investorgain reported that KRN Heat Exchanger IPO GMP stood at Rs 240 on September 24 morning. With the price band set at Rs 220, the shares are projected to get listed at Rs 460.
The KRN Heat Exchanger IPO allotment is expected to take place on September 30, 2024 and the refunds process is likely to begin on October 1. The shares are expected to be credited to the demat accounts of successful investors on October 1. The share of KRN Heat Exchanger will list on BSE and NSE with a tentative date fixed October 3.
KRN Heat Exchanger and Refrigeration Limited engaged in the business of manufacturering and exporting of water coils, condenser, aluminium/copper fins and copper tubes heat exchangers, and evaporator coils, which are widely used by OEMs in heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry.
KRN Heat Exchanger announced that it will pump in Rs 340 crore from the net proceeds to invest in its subsidiary KRN HVAC Products Pvt.
(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.)
KRN Heat Exchanger IPO is all set to open on September 25, 2024. The IPO is creating a huge buzz in the gery market as the GMP has already jumped over 100%. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
