The KRN Heat Exchanger IPO generated substantial buzz in the market, with the allotment date set for September 30, 2024. This Initial Public Offering (IPO) saw overwhelming investor interest, achieving a subscription rate of 214.42 times during its bidding period, which ended on September 27, 2024.
In this article, we’ll guide you through how to check your allotment status and provide insights into the expected listing price based on current trends in the grey market.
Overview of KRN Heat Exchanger IPO
KRN Heat Exchanger and Refrigeration is a key player in the HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) industry. The company specializes in manufacturing heat exchangers used in various industrial sectors.
The KRN Heat Exchanger IPO aimed to raise approximately ₹341.95 crore through a fresh issue of shares. The price band was set between ₹209 and ₹220 per share, making it accessible to a broad range of investors.
Subscription Details
The IPO saw an overwhelming response across all investor categories, reflecting the high level of confidence in the company’s growth potential.
- Non-Institutional Investors (NII): Subscribed 431.63 times
- Qualified Institutional Buyers (QIB): Subscribed 253.04 times
- Retail Individual Investors (RII): Subscribed 98.29 times
This strong demand indicates positive market sentiment toward KRN Heat Exchanger’s business model and future growth prospects.
MUST READ: KRN Heat Exchanger IPO Allotment Out: How to Check Status Online, GMP & Key Updates
How to Check KRN Heat Exchanger IPO Allotment Status
Investors can check their IPO allotment status via two primary platforms: Bigshare Services and BSE.
Checking via Bigshare Services
- Visit the Bigshare Services IPO allotment page.
- Select “KRN Heat Exchanger and Refrigeration Ltd” from the dropdown menu.
- Choose your selection type (Application No/CAF No, Beneficiary ID, or PAN).
- Click on “Search” to view your allotment status.
Checking via BSE
- Visit the BSE website.
- Click on “Equity” under the application check section.
- Select “KRN Heat Exchanger and Refrigeration Ltd” from the list.
- Enter your application number or PAN.
- Complete the CAPTCHA verification and click Search.
By following these steps, you can easily determine whether you have been allotted shares in the KRN Heat Exchanger IPO.
Expected Listing Price
Based on the current grey market premium (GMP) trends, KRN Heat Exchanger shares are expected to debut at around ₹490 on October 3, 2024. This projection is derived from a GMP of approximately ₹270, representing a 122.73% premium over the upper price band of ₹220.
Factors Influencing the Listing Price
Several factors are driving investor interest in KRN Heat Exchanger shares:
- Strong Subscription Rates: The high subscription numbers reflect robust market confidence.
- Grey Market Activity: The ongoing grey market trading of KRN Heat Exchanger shares points to a strong expected listing price.
- Company Fundamentals: KRN Heat Exchanger’s solid business model and market position in the HVAC industry have contributed to positive investor sentiment.
Conclusion
The KRN Heat Exchanger IPO has generated immense interest, with subscription numbers far exceeding expectations. Investors eagerly await the listing date, and based on current grey market trends, shares are expected to list at a substantial premium.
Disclaimer
This article provides general information about the KRN Heat Exchanger IPO and does not constitute investment advice. Investors should seek
