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IPO Status: Listed [25th Sep 2024 to 27th Sep 2024]
KRN Heat Exchanger IPO, a Mainline IPO of ₹341.95 Cr was launced on 25-09-2024 to 27-09-2024 and the shares got listed on BSE, NSE on 03-10-2024.
The public issue of KRN Heat Exchanger IPO (KRN,544263) was offered at ₹220.00 per share and the ipo was listed at ₹480.00. It has delivered listing gain of 118.18%.
As the minimum lot size was 65 shares, the IPO has offered Rs 16900.00 per lot return on listing.
| IPO Issue Opening Date: | 25th Sep 2024 |
| IPO Issue Closing Date: | 27th Sep 2024 |
| IPO Issue Price: | ₹209.00-220.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹341.95 Cr |
| Fresh Issue: | ₹341.95 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.39% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544263 |
| NSE Code: | KRN |
Get important updates regarding KRN Heat Exchanger IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Sep 2024 |
| Refunds Initiation* | 1st Oct 2024 |
| Credit of Shares to Demat* | 1st Oct 2024 |
| IPO Listing Date* | 3rd Oct 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹209.00-220.00 |
| Market Lot: | 65 Shares |
| 1 Lot Amount: | ₹14300 |
| Min Small HNI Lots(2-10 Lakh): | 910 shares (14 lots) - ₹200200 |
| Min Big HNI Lots(10+ Lakh): | 4550 shares (70 lots) - ₹1001000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2024 | 220.00 | 235 | 11600/162400 | ₹455 (106.82%) | 3-Oct-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
KRN Heat Exchanger And Refrigeration Limited was founded in August 2017. The company manufactures fin and tube heat exchangers for the heating, ventilation, air conditioning and refrigeration industries. They manufacture heat exchangers in various shapes and sizes depending on customer requirements and/or market demand. The diameter of the heat exchanger tubes they produce ranges from 5 mm to 15.88 mm.
The company's products are essential to the performance of cooling systems and are subjected to stringent quality and control tests. The company has some of the best product approvals in the industry.
The company has a large customer base in various parts of India and the world. Reputed customers like Daikin Air Conditioning India Private Limited, Schnieder Electric IT Business India Private Limited, Kirloskar Chillers Private Limited, Blue Star Limited, Climaventa Climate Technologies Private Limited and Frigel Intelligent Cooling Systems India Private Limited confirm the company's commitment to deliver world-class products and excellent services.
To expand the company's business and take advantage of forward integration, the company has set up a wholly-owned subsidiary, namely KRN HVAC Products Private Limited, to add value-added products to its existing portfolio.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Heat Exchanger Products | ₹341.95 Cr | http://www.krnheatexchanger.com/ |
The net proceed from fresh issue is to be utilized for the following;
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from BSE, NSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,107,455 (28.27%) | 2,387,215 (21.72%) | 5,498,330 (50.02%) | 10,993,000 | |
| 1 | 25th Sep 2024 19:04 | 1.44x | 55.59x | 27.24x | 26.11x |
| 2 | 26th Sep 2024 19:04 | 3.16x | 136.22x | 56.14x | 58.55x |
| 3 | 27th Sep 2024 18:21 | 253.04x | 430.54x | 96.74x | 213.41x |
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 258.36 | |||||||||
| Revenue | 313.54 | |||||||||
| Profit After Tax | 39.07 | |||||||||
| Net Worth | 131.65 | |||||||||
| Total Borrowing | 59.69 | |||||||||
| Amount in ₹ Crore | ||||||||||
Last Updated on 03-Oct-2024 17:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase KRN Heat Exchanger IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply KRN Heat Exchanger IPO with Zerodha.
Alternate approch to apply in KRN Heat Exchanger IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
KRN Heat Exchanger IPO Review and Important Updates
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To subscribe or apply in KRN Heat Exchanger IPO, you can use the following methods:
| KRN Heat Exchanger IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in KRN Heat Exchanger IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in KRN Heat Exchanger IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in KRN Heat Exchanger IPO. Most of the Syndicate Banks provide access to apply in KRN Heat Exchanger IPO via ASBA process. You must have your net banking access, DP ID information to apply in KRN Heat Exchanger IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in KRN Heat Exchanger IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
KRN Heat Exchanger IPO Review and Important Updates
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Applying in KRN Heat Exchanger IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download KRN Heat Exchanger IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply KRN Heat Exchanger IPO, please refer article >> Link
KRN Heat Exchanger IPO Review and Important Updates
Steps to download the online application form for KRN Heat Exchanger IPO
Or
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KRN Heat Exchanger IPO is going to be list on 03-10-2024. NSE Code for KRN Heat Exchanger is KRN. BSE Code for KRN Heat Exchanger is 544263.
Other relevant questions:
When KRN Heat Exchanger IPO will be listing? KRN Heat Exchanger IPO NSE listing date?KRN Heat Exchanger IPO date of listing.KRN Heat Exchanger IPO BSE listing date?
KRN Heat Exchanger IPO Allotment Date is 30-09-2024.
Other relevant questions:
KRN Heat Exchanger IPO share allotment date?KRN Heat Exchanger IPO allotment date?
