KRN Heat Exchanger IPO Allotment Status; Check Here application status, latest GMP and listing date
KRN Heat Exchanger IPO Allotment Status: Rajasthan-based KRN Heat Exchanger sold its IPO in the price band of Rs 209-220 per share with a lot size of 65 shares, which was open for bidding between September 25 and September 27.
KRN Heat Exchanger IPO Allotment Status can be checked on the website of the company’s registrar ‘Bigshare Services Pvt Ltd’ and also on that of the Bombay Stock Exchange (BSE). KRN Heat Exchanger IPO Allotment Date is Monday, September 30, 2024. It is expected to be finalized by Monday. After the issue closed for biddings, KRN Heat Exchanger IPO Subscription Status stood at 213 times full its total size, according to Chittorgarh. While, KRN Heat Exchanger IPO GMP has increased ahead of allotment as it has shot up to Rs 275, as per ‘Investor Gain.’ The public issue’s upper limit of the price band of Rs 209-220 per share and the latest GMP signify KRN Heat Exchanger IPO listing price of Rs 495 per share on BSE and NSE tentatively on October 03, 2024.
Bidders will get messages, alerts, or emails for debit of their funds or revocations of their IPO mandate over the weekend or by Tuesday, October 1. The IPO received a bumper response from the investors during the bidding.
The grey market premium of KRN Heat Exchanger and Refrigeration has remained firm despite the volatility in the broader markets. Last heard the company was commanding a premium (GMP) of Rs 275 per share in the unofficial market, suggesting a listing pop of about 125 per cent for the investors. The GMP stood at Rs 250 when the bidding for the issue kicked off.
How To Check KRN Heat Exchanger IPO Allotment Status From Bigshare?
- 1] Login at the direct Bigshare Services link — https://www.bigshareonline.com/ipo_Allotment.html
- 2] Select 'KRN Heat Exchanger Limited' in the company name;
- 3] Select either Application No or CAF Number / Beneficiary ID / PAN Number;
- 4] Fill in CAPTCHA; and
- 5] Click on the 'Submit' button.
How To Check KRN Heat Exchanger IPO Allotment Status On BSE?
Key Factor Of KRN Heat Exchanger
- Industry Position: Top player in fin and tube-type heat exchangers for HVAC&R.
- Materials Used: Non-ferrous metals like copper and aluminum.
- Leadership: First-generation entrepreneur with 19+ years of experience.
- Growth: Transitioned from a single to a multi-product company.
- Clientele: Long-standing relationships with leading clients.
- Revenue: Expected multi-fold expansion.
- Profitability: Consistent and strong growth anticipated.
- Recommendation: “Subscribe” by Reliance Securities.
Diffusion Engineers
- Specialization: Manufacturing welding consumables, wear plates, and heavy machinery.
- Services: Repair and reconditioning of heavy equipment, trading in wear protection powders and welding machines.
- Future Plans: Enhance service delivery through growth and operational efficiency.
- Valuation: P/E of 20.4x, market cap of Rs 629 crore post-issue.
- Return on Net Worth: 18.5%.
- Recommendation: “Subscribe” by Anand Rathi Research.
Key Risks
KRN Heat Exchanger
- Revenue Dependency: Over 30% from Daikin Airconditioning India, 70% from 10 key customers.
- Profitability: PAT has increased at 54.52% over the past three years; sustainability is a concern.
Diffusion Engineers
- Location Risk: All manufacturing units are located in Nagpur, Maharashtra.
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