The KRN Heat Exchanger IPO Listing opened for subscription on September 26, 2024, and is attracting strong interest from investors. The subscription period will remain open until September 30, 2024. Many people are curious about whether to invest in this growing company.
This article will give you an update on the current subscription status, grey market premium (GMP), and important details. We will also provide an expert review to help you make a smart choice.
KRN Heat Exchanger IPO Listing: Subscription Status
As of Day 3 of bidding, the KRN Heat Exchanger IPO has a very high subscription rate. It has been subscribed 182.91 times, showing strong interest from investors. Here’s a look at the subscription status for different types of investors:
Retail Investors: Subscribed 87.15 times
Non-Institutional Investors (NII): Subscribed 400.69 times
Qualified Institutional Buyers (QIB): Subscribed 185.04 times
This high subscription rate highlights the confidence investors have in KRN Heat Exchanger’s growth potential.
KRN Heat Exchanger IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the KRN Heat Exchanger IPO has increased. Today, the GMP is ₹253, which is ₹13 higher than yesterday’s GMP of ₹240. This indicates a positive outlook in the grey market, and many people expect good returns for those who receive shares.
KRN Heat Exchanger IPO Listing Key Details
The KRN IPO price is between ₹209 and ₹220 for each share. The company wants to raise ₹341.95 crore from this new issue. The allotment date will probably be on either September 28 or September 30, 2024. The KRN Heat Exchanger IPO Listing date will be shared soon. Bigshare Services Private Limited will handle the registrations.
Here’s the typical timeline leading to the KRN IPO Listing Date:
IPO Subscription Period: 26th to 30th September 2024.
Allotment Date: Expected around 28th or 30th September 2024.
Refunds and Demat Account Credits: Shortly after allotment.
Once listed, the shares of KRN Heat Exchanger will be available for buying and selling on the stock market.
KRN Heat Exchanger’s Business Overview
KRN Heat Exchanger is a top company that makes fin and tube-type heat exchangers. They mainly work for the HVAC&R industry. The company uses metals like copper and aluminum. They have good partnerships with big companies like Daikin, Schneider Electric, and Blue Star.
The company has grown a lot over the years. It is ready to take advantage of the rising need for energy-efficient HVAC systems in India and around the world. This IPO is expected to help the company expand and improve how it operates.
Should You Apply for the KRN Heat Exchanger IPO?
Several market experts have given a Subscribe rating to the KRN Heat Exchanger IPO. Here’s a summary of their views:
Reliance Securities advises investing in the KRN Heat Exchanger IPO because the company has a strong market position, is expanding strategically, and has consistent profits. The company’s partnerships with industry leaders and its ability to innovate provide significant growth opportunities.
Indsec Securities also supports a subscribe rating, citing attractive valuations at the upper price band of ₹220. The company has shown robust growth, with revenue, EBITDA, and profit after tax growing at impressive rates over FY22-24. Additionally, KRN is set to benefit from increasing demand for HVAC systems and export opportunities, especially in light of restrictions on Chinese products.
KRN Heat Exchanger IPO Listing: Conclusion
The KRN Heat Exchanger IPO Listing is seeing strong interest from investors, and the Grey Market Premium (GMP) is going up. Experts are saying positive things about the KRN Heat Exchanger IPO, suggesting it could be a smart investment. Investors who want to take advantage of the company’s growth and the positive market trend may think about subscribing to this IPO. However, like any investment, it’s important to do your research and think about your financial goals before applying.
For the latest update on KRN Heat Exchanger IPO Listing visit CoinMozo on X.
Also Read: Avalanche Crypto: Grab Your Share of the $40M Retro9000 Grants
