The upcoming KRN Heat Exchanger and Refrigeration Limited IPO is set to attract significant attention from investors. This article will cover essential details, including the IPO timeline, pricing, and insights into the company’s operations.
KRN Heat Exchanger IPO Details
KRN Heat Exchanger is launching a book-built issue worth ₹341.95 crores, featuring a fresh issue of 1.55 crore shares. Here’s what investors need to know:
Key IPO Information
IPO Open Date: September 25, 2024
IPO Close Date: September 27, 2024
Price Band: ₹209 to ₹220 per share
Minimum Lot Size: 65 shares
Minimum Investment for Retail Investors: ₹14,300
Total Issue Size: 1,55,43,000 shares
Investors should note that the allotment is expected to be finalized by September 30, 2024, with shares listed on the BSE and NSE on October 3, 2024.
Investment Breakdown
Different categories of investors can participate as follows:
Retail Investors: Minimum investment of ₹14,300 for 1 lot (65 shares).
Small Non-Institutional Investors (sNII): Minimum investment of ₹200,200 for 14 lots (910 shares).
Big Non-Institutional Investors (bNII): Minimum investment of ₹1,001,000 for 70 lots (4,550 shares).
About KRN Heat Exchanger and Refrigeration Limited
KRN Heat Exchanger specializes in manufacturing fin and tube-type heat exchangers. Its product range includes:
Copper and aluminum fins
Copper tube heat exchangers
Water coils
Condenser coils
Evaporator coils
The company serves the HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) sector, catering to both domestic and commercial markets.
Grey Market Insights
Ahead of the IPO, KRN Heat Exchanger shares are reportedly trading at a premium of ₹236 in the grey market. This unofficial trading platform can provide insights into potential listing prices and overall investor sentiment.
Conclusion
The KRN Heat Exchanger IPO presents a promising opportunity for investors looking to engage with a key player in the HVAC&R industry. With a solid product lineup and positive market indicators, this IPO is worth considering.
