KRN Heat Exchanger and Refrigeration IPO Overview
KRN Heat Exchanger and Refrigeration Limited has recently garnered significant attention in the investment community due to its successful IPO. With a total issue size of Rs 341.95 crore, the IPO has seen a remarkable subscription rate, reflecting strong investor interest. As investors eagerly await the share allotment, the allotment process is slated to take place on September 30. Investors are advised to check their allotment status through the websites of BSE, NSE, or BigShare Services Private Limited.
Market Performance and Expectations
In terms of market performance, the IPO is currently trading at a healthy premium in the gray market, approximately Rs 270 above the issue price. This premium suggests that KRN Heat Exchanger’s shares might commence trading at around Rs 490. If predictions hold true, early investors could see a substantial profit margin of about 122.73%, making this IPO particularly enticing for those entering the market.
How to Check the Share Allotment Status
For those who participated in the KRN Heat Exchanger IPO, checking your share allotment status is straightforward. Follow these simple steps:
1. Checking on the NSE Website
- Navigate to the IPO allotment status page on the NSE website.
- Log in using your username and password. If you don’t have an account, you will need to create one.
- Select ‘KRN Heat Exchanger’ from the dropdown menu for the issue name.
- Enter your PAN details and your IPO application number, then click submit.
2. Checking on BigShare Services
- Visit the official website of BigShare Services Pvt Ltd.
- Look for the IPO allotment status option and select any of the three servers available.
- Choose ‘KRN Heat Exchanger & Refrigeration’ from the dropdown menu, and enter your Application Number, Beneficiary ID, or PAN Number.
- Complete the captcha verification and click the search button to view your allotment status.
Subscription Details
The subscription data for the KRN Heat Exchanger IPO has been impressive, with an overall subscription rate of 214.42 times over the three days of bidding. A total of 235.71 crore shares were bid for, against 1.09 crore shares offered. Specifically, non-institutional investors (NII) led the charge with a remarkable subscription rate of 431.63 times. The Qualified Institutional Investors (QIB) category also exhibited strong interest, with a subscription rate of 253.04 times, while the retail quota was subscribed 98.29 times.
About KRN Heat Exchanger and Refrigeration
KRN Heat Exchanger operates a state-of-the-art manufacturing facility located in Rajasthan. The company specializes in producing fin and tube type heat exchangers tailored for the heat ventilation, air conditioning, and refrigeration (HVAC&R) sectors. Their product lineup includes a variety of critical components such as condenser coils, evaporator units, evaporator coils, header parts, fluid and steam coils, as well as various sheet metal components.
KRN serves a diverse clientele, featuring industry leaders like Daikin Airconditioning India, Schneider Electric IT Business India, Kirloskar Chillers, Blue Star, Climaventa Climate Technologies, and Frigel Intelligent Cooling Systems India. This collaboration with prominent firms solidifies KRN Heat Exchanger’s reputation in the marketplace.
