KRN Heat Exchanger IPO: The shares allotment of KRN Heat Exchanger IPO will be happening on Monday, September 30, after the company witnessed strong demand from investors during its 3-days bidding period. Furthermore, the latest GMP on September 30, signals at triple-digit percentage premium listing.

KRN Heat Exchanger IPO Allotment Status:

Eligible investors can check their shares allotment status on websites such as of BSE, NSE and registrar of the company, Bigshare Securities.

KRN opened its 100% book building IPO on September 25 to September 27. The IPO is purely fresh issue of Rs 341.95 crore. The IPO overall subscribed by a whopping 213.41x driven by all category investors such as QIBs, NIIs and retail investors. The price band of the IPO was fixed at Rs 209 apiece to Rs 220 apiece.

After the IPO, the next big event is of allotment status, which is going to take place on Monday. This will be followed by initiation of refunds and credit of shares in demat accounts on October 1, 2024.

However, KRN IPO will not list on October 2, as it is a national holiday for Gandhi Jayanti. Accordingly, KRN IPO will list on October 3rd.

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 GMP Today:

As per Investor Grain, KRN Heat Exchanger IPO last GMP is ₹270, last updated Sep 29th 2024 11:27 PM. With the price band of 220.00, KRN Heat Exchanger IPO’s estimated listing price is ₹490 (cap price + today’s GMP).The expected percentage gain/loss per share is 122.73%.

What does IPO GMP mean?

As per Religare Broking’s report, when investing in the Indian financial markets, understanding the concept of IPO GMP known as IPO Grey Market Premium, is crucial. It refers to the premium paid in the grey market for company shares before its official listing on the stock exchange. This premium represents the market’s perception of the potential value and demand for the company’s shares.

Also, the brokerage’s website explained that GMP is an important indicator for investors as it provides insights into the level of investor interest and the potential for price appreciation once the shares are listed. So, keeping track of IPO grey market activities and monitoring the IPO grey market premium can be valuable in making informed investment decisions in the Indian financial markets.

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: Monday, September 30, 2024, 7:04 [IST]