KRN Heat Exchanger & Refrigerator Limited IPO GMP

KRN Heat Exchanger and Refrigeration Limited is one of the leading manufacturer and exporter specializing in aluminium / copper fins and copper tubes heat exchangers ,water coils, condenser and evaporator coils. Their products are supplied to renowned OEMs in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry.

KRN, an Book Built Issue amounting to ₹341.50 Crores, consisting entirely an Fresh Issue of 155.23 Lakh Shares. The subscription period for the KRN Heat Exchanger and Refrigerator IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment is expected to be finalized on or about Monday, September 30, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Thursday, October 03, 2024.

The Share price band of KRN IPO is set at ₹209 to ₹220 equity per share, with a minimum lot size of 65 shares. Retail investors are required to invest a minimum of ₹14,300, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (910 shares), amounting to ₹2,00,200.

Holani Consultants Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue.

KRN Heat Exchanger and Refriferator Limited IPO GMP Today
The Grey Market Premium of KRN Heat Exchanger & Refrigerator Limited IPO is expected in the range of ₹125 to ₹130 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

KRN Heat Exchanger & Refrigerator Limited IPO Live Subscription Status Today: Real-Time Updates
As of 04:25 PM on 27 September 2024, the KRN Heat Exchanger & Refrigerator Limited IPO live subscription status shows that the IPO subscribed 110.23 times on its Final day of subscription period. Check the KRN Heat Exchanger & Refrigerator Limited IPO Live Subscription Status Today at BSE.

KRN Heat Exchanger & Refrigerator Limited IPO Anchor Investors Report
KRN Heat Exchanger & Refrigerator has raised ₹100.1 Crore from Anchor Investors at a price of ₹220 per shares in consultation of the Book Running Lead Managers. The company allocated 45,50,000 equity shares to the Anchor Investors. Check Full list of KRN Heat Exchanger & Refrigerator Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

KRN Heat Exchanger & Refrigerator Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
KRN Heat Exchanger & Refrigerator IPO allotment date is 30 September, 2024, Monday. KRN Heat Exchanger & Refrigerator IPO Allotment will be out on 30th September 2024 and will be live on Registrar Website from the allotment date. Check KRN Heat Exchanger & Refrigerator Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select KRN Heat Exchanger & Refrigerator Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of KRN Heat Exchanger & Refrigerator Limited IPO
KRN Heat Exchanger & Refrigerator Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹24,246.10 Lakhs is required for Investment in their wholly owned subsidiary KRN HVAC Products Private Limited in the form of equity, for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”); and 
2. General corporate purposes.

Refer to KRN Heat Exchanger and Refrigerator Limited RHP for more details about the Company.