The KRN Heat Exchanger IPO subscription status opened on Wednesday, September 25, 2024, and will close on September 27, 2024. The company aims to raise approximately ₹341.5 crores through this IPO. Notably, the retail investor quota is set at 35%, while the QIB quota stands at 50% and the NII quota at 15%. Additionally, the price band has been fixed between ₹209 and ₹220 per equity share.
The IPO consists of a minimum market lot of 65 Shares requiring an application amount of ₹14,300. KRN Heat Exchanger is a Mainboard IPO that will be listed on the BSE & NSE.
Also read: KRN Heat Exchanger IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Established in 2017, KRN Heat Exchanger and Refrigeration Limited has quickly become one of the leading manufacturers and exporters of copper and aluminum fin and tube heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration (HVAC&R) industry. Moreover, the company’s diverse product range includes condenser coils, evaporator units, evaporator coils, header and copper parts, fluid and steam coils, as well as sheet metal components. In addition to this, KRN Heat Exchanger is strongly committed to delivering outstanding solutions, offering customized products that adhere to international quality standards. Furthermore, the company exports 33% of its total production worldwide.
KRN Heat Exchanger and Refrigeration Limited is proud to serve a number of prestigious clients, including Daikin Airconditioning India Pvt Ltd, Schneider Electric IT Business India Pvt Ltd, Kirloskar Chillers Private Ltd, Blue Star Ltd, Climaventa Climate Technologies Pvt Ltd, and Frigel Intelligent Cooling Systems India Pvt Ltd. In addition to its domestic clientele, the company also exports its products to international markets, including the UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, the UK, and several other countries.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
KRN Heat Exchanger IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.44 | 3.16 | 253.04 |
| NII | 55.59 | 136.22 | 430.54 |
| RII | 27.24 | 56.14 | 96.74 |
| Total | 26.11 | 58.55 | 213.41 |
KRN Heat Exchanger IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for KRN Heat Exchanger
- May Apply
KRN Heat Exchanger IPO Form
To apply for the KRN Heat Exchanger IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The subscription opens on September 25, 2024, for QIB, NII, and Retail Investors.
To subscribe, you can choose between ASBA and non-ASBA options. Simply apply online via your bank’s ASBA service or submit a physical form to your broker or bank.
For live subscription updates, visit our portal, which refreshes hourly. You can also check the official IPO page for real-time data.
Firstly, Log in to Zerodha Console, go to Portfolio, and select IPO. Click the bid button, enter your UPI ID, quantity, and price, then submit. Finally, approve the mandate in your UPI app.
Log in to Upstox, select the IPO, and confirm your application. Afterward, approve the mandate via your UPI app.
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