KRN Heat Exchanger IPO: The allotment status of KRN Heat Exchanger IPO is likely to take place on September 30. In this process, the company approves the bid lot size of shareholders. To check the status of the application, investors can visit the BSE, NSE and Bigshare Services website. After the share allotment, refund and credit of eligible shares will take place on October 1, followed by listing on October 3.

The Rs 342 crore IPO of the leading manufacturer and exporter of aluminium and heat exchangers, KRN has oversubscribed by a whopping 213.41 times on the final day of bidding.

KRN Heat Exchanger IPO Allotment Status:

Investors can check their application status on BSE, NSE and the registrar of the IPO i.e. Bigshare Services.

To Check the Application Status On Bigshare Services, Click On The Link Below:

https://www.bigshareonline.com/ipo_Allotment.html

Once you open the link, there will be three Server options to view the allotment status. To check their application status, investors will need to select the company name and in this case, it will be ‘KRN Heat Exchanger’. Then add details of either PAN, Application Number or Beneficiary ID. Lastly, enter the captcha code and click on SEARCH to view the status of the application.

To Check the Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Once directed to the page of IPO allotment of BSE, select ”Equity’ under the option of ‘Issue Type.’ Select ‘KRN Heat Exchanger’ IPO in the ”Issue Name’ dropdown, and enter your PAN card details. Again, to complete the process, add captcha verification and click on ‘Search’ to view the status of your application.

KRN Heat Exchanger IPO:

The IPO opened on September 25 and closed on September 27. The price band for the IPO was fixed at Rs 209 per share to Rs 220 per share. On the final day, the KRN Heat Exchanger IPO oversubscribed by 213.41x.

KRN Heat Exchanger GMP Today:

As per Investor Grain data, KRN Heat Exchanger IPO’s last GMP is ₹275, last updated Sep 29th 2024 06:03 AM. With a price band 220.00, KRN Heat Exchanger IPO’s estimated listing price is ₹495 (cap price + today’s GMP). The expected percentage gain/loss per share is 125.00%.

KRN Heat Exchanger IPO Listing:

The proposed equity shares in KRN Heat IPO are expected to be listed on October 3 on BSE and NSE.

As per brokerage Swastika’s report, given its strong fundamentals and potential for listing gains, investors may consider subscribing to this IPO for listing gains as well as for the long term.

Swastika also highlighted the key strengths of KRN Heat IPO. These are:

– Long‐standing business relationships with leading clientele.

– Effective quality control checks.

– Consistent financial performance.

– Established Manufacturing facility.

– Promoters exhibit strong leadership and
are supported by highly experienced
senior management.

KRN Heat Exchangers manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (HVAC&R). Heat exchangers manufactured by KRN are made of non-ferrous metals, primarily copper and aluminium. The product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal parts. KRN manufactures heat exchangers of various shapes and sizes as per the customers’ requirements and/or the demand in the market.

Story first published: Sunday, September 29, 2024, 8:50 [IST]