If you’re interested in investing in an Initial Public Offering (IPO), there’s an upcoming opportunity.
The IPO for KRN Heat Exchanger and Refrigeration Limited will open for investments from September 25
and will remain open until September 27. Anchor investors can place their bids starting September 24.
Current Grey Market Premium (GMP)
In the grey market, KRN Heat Exchanger and Refrigeration Limited’s IPO is currently trading at a premium of Rs 215.
The company’s shares are expected to be listed on October 3. The price band for the IPO has not been announced yet. This IPO will issue a total of 1.55 crore new equity shares.
There will be no offer for sale, meaning all the proceeds from this IPO will go directly to the company.
As of July 15, the company has invested Rs 36.44 crore in its manufacturing facility.
Company Overview and IPO Details
KRN Heat Exchanger and Refrigeration Limited, based in Rajasthan, produces fin and tube type heat exchangers used in heating, ventilation, air conditioning, and refrigeration industries.
The IPO will offer 1.55 crore fresh shares and does not include any shares for sale. Additionally, the company raised Rs 9.54 crore through a pre-IPO placement last month.
