KRN Heat Exchanger and Refrigeration IPO: On September 25, 2024, the KRN Heat Exchanger and Refrigeration Ltd IPO bidding opened and closed on September 27, 2024. On Monday, September 30, 2024, the allocation for the KRN Heat Exchanger IPO was completed. Thursday 3, October 2024 will see KRN Heat Exchanger share price list on the BSE NSE.

The String subscription received by the KRN Heat Exchanger IPO while indicates towards strong investor interest, the GMP also indicates that market participants are expecting blockbuster debut of KRN Heat Exchanger shares.

KRN Heat Exchanger IPO had ben subscribed 213.41 times by September 27, 2024 (Day 3). The public issue had received subscriptions 96.74 times in the retail category, 253.04 times in the QIB category, and 430.54 times in the NII category.

KRN Heat Exchanger IPO: GMP indicates Blockbuster debut expectations

KRN Heat Exchanger IPO GMP that stood at ₹230 though has declined from ₹270 at the start of the subscription period, however still indicates towards strong listing expectations by the market participants. The GMP stood at ₹235 on day 2 of the IPO and ₹270 on day 1, according to data from Investorg ain.com.

The current GMP suggests that the shares KRN Heat Exchanger are accessible in the grey market for ₹15 more than the issue price.

The current GMP of KRN Heat Exchanger shows that investors of KRN Heat Exchanger IPO expect the listing of FKRN Heat Exchanger shares at ₹450 apiece, a 104.55% premium over the upper end of the issue price at ₹220

About KRN Heat Exchanger

One of the leading manufacturers of heat exchangers with the fin and tube types is KRN Heat Exchanger and Refrigeration Ltd. The company makes water coils, condenser coils, evaporator coils, heat exchangers with copper and aluminum fins and copper tubes. It produces heat exchanger tubes with a variety of diameters and forms, ranging from 5 mm to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. All of the products on offer are utilized in the HVAC (heating, ventilation, air conditioning, and refrigeration) sector, which serves residential, commercial, and industrial customers.

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