KRN Heat Exchanger and Refrigeration Limited IPO
KRN Heat Exchanger and Refrigeration Limited was a mainboard IPO in the Other Industrial Products sector, offered at ₹209–₹220 per share to raise ₹342 crore. The issue was subscribed 214.42× overall (QIBs 253.04×, NIIs 431.63×, retail 98.29×). It listed on 3 Oct 2024 at ₹480 and closed its first day at ₹479, a listing gain of +117.6% versus the ₹220 issue price. It now trades around ₹1,147 (+421.4% versus the issue price).
Frequently asked questions
- How many times was the KRN Heat Exchanger and Refrigeration Limited IPO subscribed?
- The KRN Heat Exchanger and Refrigeration Limited IPO was subscribed 214.42× overall — 253.04× in the QIB category, 431.63× among non-institutional investors, 98.29× in retail.
- What were the KRN Heat Exchanger and Refrigeration Limited IPO listing gains?
- KRN Heat Exchanger and Refrigeration Limited listed on 3 Oct 2024 at ₹480, closing its first day at ₹479 — a listing gain of +117.6% versus the ₹220 issue price.
- What were the retail allotment odds for the KRN Heat Exchanger and Refrigeration Limited IPO?
- Retail was subscribed 98.29×, so a single-lot application had roughly a 1% chance of allotment (about 1 in 98), and allotment was finalised on 1 Oct 2024.
- What was the price band and lot size of the KRN Heat Exchanger and Refrigeration Limited IPO?
- The price band was ₹209–₹220 per share, with a minimum lot of 65 shares (₹14,300 at the upper band).
- Who were the registrar and lead manager for the KRN Heat Exchanger and Refrigeration Limited IPO?
- Bigshare Services Private Limited was the registrar, and Holani Consultants was the book-running lead manager.