New Delhi: KRN Heat Exchanger IPO GMP today was firm in the grey market as the Rs 341.95 crore public issue opened for bidding rounds on Wednesday, September 25, 2024. The shares have traded at a stable premium in the grey market in last few days in run up to the commencement of the stake sale process. While, KRN Heat Exchanger IPO subscription status was full within minutes of opening of the issue.
KRN Heat Exchanger IPO GMP today
KRN Heat Exchanger IPO GMP today was firm at Rs 239, according to InvestorGain. Considering the upper limit of the KRN Heat Exchanger IPO’s price band of Rs 209-220 per share, and the latest grey market premium, the KRN Heat Exchanger IPO’s listing price of Rs 459 can be estimated. At this premium, the company’s shares may make listing gains of 109% on the bourses.
KRN Heat Exchanger IPO Subscription Status:
According to Chittorgarh, KRN Heat Exchanger IPO Subscription Status was 15 times full its total size by 3 pm on Wednesday. While, the retail portion was oversubscribed 16 times the available quota. And, the Non-Institutional Investors’ category was oversubscribed 32 times.
KRN Heat Exchanger IPO Allotment Date, Listing Date
KRN Heat Exchanger IPO Allotment Date is tentatively fixed at September 30, 2024. While, KRN Heat Exchanger IPO listing date is tentatively October 03, 2024.
KRN Heat Exchanger IPO Anchor Investor Details
The anchor investment was fully subscribed on September 24 as the company raised Rs 100 crore. Some of the prominent investors were WhiteOak Capital Multi Cap Fund, WhiteOak Capital ELSS Tax Saver Fund, Bandhan Small Cap Fund, etc.
KRN Heat Exchanger IPO Key Details
The retail investors can subscribe 35% of the total issue size. While, Qualified Institutional Buyers’ (QIBs) quota has been kept reserved at 50%. NIIs on the other hand can subscribe 15%. KRN Heat Exchanger and Refrigeration Limited manufactures raw materials for the Fast Moving Electronic Goods (FMEG) industry.