The KRN Heat Exchanger and Refrigeration IPO has garnered significant attention from investors, closing with an impressive subscription rate. Investors are now eagerly waiting for the IPO allotment, which is expected to be announced today, September 30. The company, with an issue size of Rs. 341.95 crore, has drawn a strong response from all categories, particularly Non-Institutional Investors (NII) and Qualified Institutional Investors (QIB). The IPO’s gray market premium (GMP) suggests a possible listing price of Rs. 490, which could translate into a 122.73% profit for investors.
Here’s a simple guide on how you can check the KRN Heat Exchanger IPO allotment status online, as well as details about the company’s business and gray market trends.
How to Check KRN Heat Exchanger IPO Allotment Status on NSE
You can check your IPO allotment status directly on the NSE website. Follow these steps:
- Visit the NSE IPO allotment status page through this link:
NSE IPO Allotment - Log in with your username and password. If you don’t have an account, create a new one.
- Select “KRN Heat Exchanger” from the drop-down menu for Issue Name.
- Enter your PAN number and IPO application number.
- Click on the Submit button to check your allotment status.
How to Check Allotment Status via BigShare Services
Another method to check the allotment status is through BigShare Services, the official registrar for the KRN Heat Exchanger IPO. Follow these easy steps:
- Visit the BigShare Services website:
BigShare Online - Go to the IPO allotment status page and select one of the three available servers.
- Choose “KRN Heat Exchanger & Refrigeration” from the drop-down menu.
- Enter your Application Number, PAN number, or Beneficiary ID.
- Solve the captcha and click on the Search button to view your IPO allotment status.
Strong Response to KRN Heat Exchanger IPO
The KRN Heat Exchanger IPO was subscribed an overwhelming 214.42 times overall, reflecting the strong demand for its shares. Here’s a breakdown of the subscription rates:
- Non-Institutional Investors (NII): 431.63 times
- Qualified Institutional Buyers (QIB): 253.04 times
- Retail Investors: 98.29 times
The IPO received bids for 235.71 crore shares, while only 1.09 crore shares were available for subscription. This impressive response indicates high investor confidence in the company’s future prospects.
KRN Heat Exchanger Business Overview
KRN Heat Exchanger and Refrigeration is involved in manufacturing products for the HVAC&R industry (Heating, Ventilation, Air Conditioning & Refrigeration). The company operates out of Rajasthan and produces various components such as condenser coils, evaporator coils, fluid coils, and sheet metal parts.
They supply these products to well-known companies like Daikin Airconditioning India, Schneider Electric, Blue Star, Kirloskar Chillers, and Frigel Intelligent Cooling Systems India.
Gray Market Premium (GMP) and Expected Listing Price
As of September 30, the IPO is trading at a Rs. 270 premium in the gray market, indicating a potential listing price of around Rs. 490 per share. If this listing price is achieved, investors could see profits as high as 122.73%, making this IPO a highly profitable investment for those who participated.
With the allotment process nearing completion and the expected strong listing performance, the KRN Heat Exchanger IPO is shaping up to be one of the standout IPOs of the year.
Investors can now check their allotment status online and get ready for the listing day!
