| KRN IPO Dates: |
| How to Check KRN Heat Exchanger IPO Allotment Status |
| KRN Grey Market Premium (GMP): |
| Company Overview |
The allotment status for the KRN Heat Exchanger IPO can be checked once it’s finalized on September 30, 2024. Here’s a quick guide to help you:
Key Dates:
- IPO Date: September 25-27, 2024
- Allotment Date: September 30, 2024
- Refunds Initiation: October 1, 2024
- Shares Credit to Demat Accounts: October 1, 2024
- Listing Date: October 3, 2024, 10 AM
Important Numbers:
- Issue Price: ₹209-₹220 per share
- Lot Size: 65 shares
- Total Issue Size: ₹342 crore
- Oversubscription: 213.41x, showing high demand across all investor categories.
Steps to Check Allotment Status:
- On the Registrar’s Website (Bigshare Services):
- Visit the Bigshare Services
- Select ‘KRN Heat Exchanger’ from the list of IPOs.
- Enter your PAN, application number, or beneficiary ID, and captcha code to view the allotment status.
- Link – https://www.bigshareonline.com/ipo_Allotment.html
- On BSE’s Website:
- Go to the BSE
- Select ‘Equity’ as the issue type and ‘KRN Heat Exchanger’ from the dropdown menu.
- Enter your PAN number and captcha code to search for your allotment result.
- Link – https://www.bseindia.com/investors/appli_check.aspx
Grey Market Premium (GMP):
As of September 29, 2024, the grey market premium (GMP) for KRN Heat Exchanger IPO stands at ₹275. Given the issue price range of ₹209-₹220, this translates to an estimated listing price of ₹495, implying a 125% premium on listing day.
Expected Gains:
With a strong GMP and oversubscription, KRN Heat Exchanger IPO is anticipated to offer substantial listing gains. Analysts recommend subscribing to this IPO, not only for short-term profits but also for long-term investment, citing the company’s strong fundamentals and leadership position in the heat exchanger market​
Company Overview
KRN Heat Exchanger Ltd. is a prominent Indian manufacturer and exporter specializing in aluminium and copper heat exchangers. These products serve industries such as HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) and play a vital role in thermal management. The company’s product portfolio includes condenser coils, evaporator coils, header and copper parts, and sheet metal components, catering to diverse industry needs.
Key Strengths:
- Diverse Product Range: KRN Heat Exchanger manufactures a variety of heat exchangers tailored to client specifications and market demands, using primarily non-ferrous metals such as aluminums and copper.
- Strong Clientele: The company has established long-term relationships with leading industrial clients globally, supported by its high-quality production standards.
- Experienced Management: Led by a knowledgeable management team and promoters with deep industry expertise, KRN has a solid foundation for strategic growth.
- Manufacturing Excellence: KRN operates a state-of-the-art facility in Rajasthan, India, known for its stringent quality controls and technological advancements​.
Financial Performance:
KRN has demonstrated consistent financial performance over the years, benefiting from the growing demand for energy-efficient solutions in thermal management. This stable growth has positioned the company as a key player in both the domestic and international markets.