On October 3, KRN Heat Exchanger shares made a strong entry into the stock market, debuting on the NSE at Rs 480 per share, which was 118.18% more than the IPO price. Through its first public offering (IPO), the firm raised Rs 342 crore. Shares were priced between Rs 209 and Rs 220. Shares opened at Rs 470 on the BSE, which is 113.6% more than the IPO price. Additionally, platforms that track grey market activity show that on Thursday, KRN Heat Exchanger shares were trading in the unlisted market at a gray market premium of ₹220 per share. The actual listing gains above the gray market predictions, demonstrating robust investor interest.
KRN Heat Exchanger IPO Details
The Rs 341.95 crore KRN Heat Exchanger IPO is a book-built offering. 1.55 crore shares are being issued fully anew in this issuance. Starting on September 25, 2024, and ending on September 27, 2024, was the KRN Heat Exchanger IPO bidding period. The KRN Heat Exchanger IPO allotment was completed on Monday, September 30, 2024. On October 3, 2024, the shares were listed on the BSE and NSE.
The pricing range for the KRN Heat Exchanger IPO is ₹209 to ₹220 per share. An application must have a minimum lot size of 65 shares. The minimum amount of investment required by retail investors is ₹14,300. For both sNII and bNII, the minimum lot size investment is 14 lots (910 shares), or ₹200,200, and 70 lots (4,550 shares), or ₹200,200.
KRN Heat Exchanger IPO Review
The company has gained recognition as a rising force in the production of commonly used fin and tube heat exchangers in just 7 years of business by producing high-quality, custom-made goods. For the stated periods, there was a noticeable increase in both its top and bottom lines. The issue looks fully valued based on FY24 results; investors may snap it up for medium- to long-term investment.
How to Check KRN Heat Exchanger IPO Allotment Status?
Take the following actions to verify the status of your KRN Heat Exchanger IPO allotment:
- Select the “Check allotment status” button below.
- Choose the Name of the Company.
- Type in your Application Number, PAN Number, or DP Client ID (Anyone).
- Select “Search” by clicking.
The credit of equal shares will be applied to your Demat account upon obtaining the allotment.
