KRN Heat Exchanger and Refrigeration Limited is launching its IPO, opening doors for potential investors to be a part of the expanding HVAC industry. This blog post delves into the key details surrounding the KRN Heat Exchanger IPO such as GMP, subscription status, allotment dates, and more.
KRN Heat Exchanger IPO Overview
The KRN Heat Exchanger IPO is set to open on September 25, 2024, and will close on September 27, 2024. It will be a book-built issue of 1.55 crore fresh equity shares. The shares will be listed on both BSE and NSE with the tentative listing date on October 3, 2024.
| IPO Event | Date |
|---|---|
| IPO Opening Date | September 25, 2024 |
| IPO Closing Date | September 27, 2024 |
| Allotment Finalization Date | September 30, 2024 |
| Refund Initiation Date | October 1, 2024 |
| Credit of Shares to Demat | October 1, 2024 |
| Listing Date | October 3, 2024 |
KRN Heat Exchanger IPO Details
- Issue Size: 1.55 crore shares
- IPO Type: Book Built
- Face Value: ₹10 per share
- Price Band: [To be announced]
- Listing At: BSE, NSE
This IPO is entirely a fresh issue of equity shares, and no Offer for Sale (OFS) is involved. The raised funds will be utilized for expanding manufacturing facilities and general corporate purposes. Holani Consultants Private Limited is the lead manager for the IPO, while Bigshare Services Pvt Ltd is acting as the registrar.
For more IPO-related details, visit our Upcoming IPO section.
KRN Heat Exchanger IPO Grey Market Premium (GMP)
KRN Heat Exchanger IPO GMP is one of the key indicators of market demand. As the IPO date approaches, investors closely monitor the Grey Market Premium for insights on the potential listing gains. To track real-time updates on KRN Heat Exchanger IPO GMP, refer to our IPO GMP page.
KRN Heat Exchanger IPO Subscription Details
Investors can apply for the KRN Heat Exchanger IPO through both retail and institutional categories. The issue is expected to receive a significant response due to the company’s strong market presence and growth prospects. The subscription data will be updated regularly on our IPO Subscription page.
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII (HNI) | Not less than 15% |
For tips on how to maximize your chances of allotment, check our IPO Allotment Tips.
KRN Heat Exchanger IPO Allotment and Listing
The KRN Heat Exchanger IPO allotment will be finalized on September 30, 2024. If you wish to check your allotment status, you can visit our IPO Allotment section for updates.
Additionally, the shares will be credited to successful applicants’ Demat accounts by October 1, 2024, and the listing on BSE and NSE is scheduled for October 3, 2024.
KRN Heat Exchanger IPO Price Band
As of now, the exact KRN Heat Exchanger IPO price band is yet to be announced. Investors should stay tuned for updates on the price range, which will play a significant role in determining the demand for this IPO. For more IPO price-related information, head over to our IPO Review section.
About KRN Heat Exchanger and Refrigeration Limited
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer of fin and tube-type heat exchangers. Their product range caters to the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry. The company exports to multiple countries, including UAE, USA, and Germany. Its manufacturing facility in Neemrana, Rajasthan, spans over 7,800 sq. meters.
| Financial Information (₹ in Crores) | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | 313.54 | 249.89 | 158.23 |
| Profit After Tax | 39.07 | 32.31 | 10.59 |
| Net Worth | 131.65 | 59.57 | 25.53 |
| Total Borrowing | 59.69 | 36.64 | 22.12 |
For more insights, visit our IPO Review page.
How to Apply for KRN Heat Exchanger IPO?
To apply for the KRN Heat Exchanger IPO, investors can use multiple methods, including UPI and ASBA through Zerodha or other stockbrokers. Ensure you submit your application before the cut-off time at 5 PM on September 27, 2024. For further assistance, visit our IPO Forms page.
FAQs on KRN Heat Exchanger IPO
1. What is the KRN Heat Exchanger IPO GMP?
The KRN Heat Exchanger IPO Grey Market Premium (GMP) indicates the potential demand for shares before they are listed. Visit our IPO GMP section for the latest updates.
2. When is the KRN Heat Exchanger IPO opening date?
The KRN Heat Exchanger IPO will open for subscription on September 25, 2024.
3. How can I check the allotment status of KRN Heat Exchanger IPO?
You can check the allotment status by visiting our IPO Allotment page after the basis of allotment is finalized.
4. What is the KRN Heat Exchanger IPO price band?
The price band for the IPO is yet to be announced. Stay tuned to our IPO Review page for updates.
5. When will KRN Heat Exchanger IPO be listed?
The KRN Heat Exchanger IPO listing date is scheduled for October 3, 2024.
For more information on upcoming IPOs, visit our Upcoming IPO page.
By keeping a close watch on the KRN Heat Exchanger IPO, investors can make an informed decision. Explore other related articles on our website, such as BSE and NSE Holidays or Rights Issues.
