KRN Heat Exchanger and Refrigeration IPO: KRN Heat Exchanger and Refrigeration share price will list on the NSE and BSE on Thursday, October 3 after receiving a strong subscription for its initial public offering (IPO)
The IPO for KRN Heat Exchanger received 213.41 subscriptions. In the retail category, the public issue had received bids 96.74 times; in the QIB category, 253.04 times; and in the NII category, 430.54 times.
Strong investor interest is indicated by the robust subscription that KRN Heat Exchanger IPO obtained. Additionally, the GMP shows that investors anticipate KRN Heat Exchanger shares to have a huge launch.
The subscription period for the KRN Heat Exchanger and Refrigeration IPO began on September 25 and ended on September 27. On Monday, September 30, the allocation for the public offer was finished.
IPO for KRN Heat Exchanger:
GMP predicts a huge debut The IPO GMP for KRN Heat Exchanger was ₹230, albeit it was less than ₹270 at the beginning of the subscription period. On day two, the GMP was ₹235, based on information from Investorg ain.com. For KRN Heat Exchanger shares, the current GMP continues to show significant listing gains.
Investors anticipate KRN Heat Exchanger shares to list at ₹450 per share, which is 104.55% more than the ₹220 upper end of the issue price, according to the company’s existing GMP. Concerning KRN Heat Exchanger Heat exchangers are made by several top manufacturers, including KRN Heat Exchanger and Refrigeration.
The company produces copper tubes, heat exchangers with copper and aluminum fins, water coils, condenser coils, and evaporator coils. It creates heat exchanger tubes in a range of shapes and sizes, including 5.88 mm, 9.52 mm, 12.7 mm, and 7 mm. The HVAC (heating, ventilation, air conditioning, and refrigeration) industry provides services to residential, commercial, and industrial clients. All items offered are used in this sector.