Last Updated on September 25, 2024 by Wenivesh Team
The much-awaited KRN Heat Exchanger IPO is set to open for subscription from September 25, 2024, to September 27, 2024. Investors are keenly following the developments, especially the krn heat exchanger ipo gmp today, which currently stands at ₹225, indicating strong interest in the grey market.
Let’s break down the key details of this IPO and what investors can expect.
KRN Heat Exchanger IPO Price
The price band for the KRN Heat Exchanger IPO has been set between ₹209 and ₹220 per share. Investors need to apply in lots, though the exact lot size is yet to be confirmed. The total issue size is expected to be around ₹341.51 crores, making this a substantial offering for those interested in the krn heat exchanger ipo gmp today.
Financial Overview Table
| Details | Price Band | Total Issue Size | IPO Opening Date | IPO Closing Date |
|---|---|---|---|---|
| Price Range | ₹209 to ₹220 | ₹341.51 crores | September 25, 2024 | September 27, 2024 |
KRN Heat Exchanger IPO Subscription
The subscription data shows strong interest across all investor categories for the IPO. Qualified Institutional Buyers (QIBs) subscribed 1.44 times, bidding for 44,86,495 shares against the 31,07,455 shares offered. Non-Institutional Investors (NIIs) showed particularly high demand, with a total subscription of 55.59 times, split into two categories: larger bids (above ₹10 lakhs) from bNII investors were subscribed 43.16 times, while smaller bids (below ₹10 lakhs) from sNII investors saw an even higher subscription rate of 80.47 times.
Retail investors also showed significant interest, with a subscription of 27.24 times, bidding for 14,98,00,820 shares compared to the 54,98,330 offered. Overall, the IPO was oversubscribed 26.11 times, with 28,70,04,185 total bids received against 1,09,93,000 shares offered.
Subscription Details
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.44 Times |
| Retail Individual Investors (RII) | 27.24 Times |
| Non-Institutional Investors (NII) | 55.59 Times |
KRN Heat Exchanger IPO GMP Today
The krn heat exchanger ipo gmp today is currently ₹225, a clear signal of the excitement in the grey market. The GMP (Grey Market Premium) reflects the premium at which shares are trading unofficially before the IPO listing. This strong krn heat exchanger ipo gmp today indicates that the shares are in high demand and may offer solid listing gains.
GMP Table
| GMP Today | Issue Price (₹) | GMP Premium (₹) | Total Price |
|---|---|---|---|
| ₹225 | ₹220 | ₹225 | ₹445 |
KRN Heat Exchanger IPO Listing
The shares of KRN Heat Exchanger Limited are expected to list on October 3, 2024, on the NSE and BSE. Based on the krn heat exchanger ipo gmp today, the listing is likely to see a considerable upside, benefiting early investors. Listing performance is closely tied to the GMP, and if the positive trend continues, it could mean strong returns.
Company Information: KRN Heat Exchanger
KRN Heat Exchanger and Refrigeration Limited is a leading player in the HVAC&R sector, specializing in manufacturing fin and tube-type heat exchangers. Their products cater to the air conditioning, refrigeration, and specialized cooling systems market, which is rapidly expanding. The Indian HVAC market is forecasted to grow from USD 7.8 billion in 2021 to USD 27.4 billion by 2030, positioning KRN as a key player in this sector.
Company Overview Table
| Company Name | Industry | Specialization | Market |
|---|---|---|---|
| KRN Heat Exchanger Ltd. | HVAC&R | Fin and Tube-Type Heat Exchangers | HVAC, Refrigeration, Cooling |
Financial Performance
KRN Heat Exchanger has shown solid financial growth over the years, driven by increasing demand for their products. Here’s a summary of their financial performance in recent years, which also supports the bullish krn heat exchanger ipo gmp today.
Financial Performance Table
| Year | Revenue (₹ Cr) | Net Income (₹ Cr) | Profit Margin (%) |
|---|---|---|---|
| FY 2021 | 75.82 | 2.47 | 3.26 |
| FY 2022 | 156.11 | 10.59 | 6.78 |
| FY 2023 | 247.48 | 32.32 | 13.06 |
| H1 FY 2024 | 160.64 | 19.33 | 12.03 |
KRN Heat Exchanger IPO GMP Outlook
The krn heat exchanger ipo gmp today stands as a positive indicator for potential investors. However, it’s essential to note that GMP values are speculative and can fluctuate based on market conditions. Investors should be mindful of the risks associated with grey market trading and should base their decisions on the company’s fundamentals as well.
Conclusion
With a strong krn heat exchanger ipo gmp today of ₹225, KRN Heat Exchanger’s IPO is shaping up to be an exciting opportunity for investors. The company’s strong financials, its position in the growing HVAC sector, and the positive sentiment in the grey market all point toward a promising investment. Be sure to review all the details carefully before making your decision.
Hope this blog On KRN Heat Exchanger IPO has been informative and insightful.
Please feel free to leave a comment below if you have any questions or thoughts.