KRN Heat Exchanger GMP : The IPO of KRN Heat Exchanger has opened today on 25 September 2024. It can be subscribed till 27 September. On the very first day of the IPO, its gray market premium (GMP) has crossed 100 percent. In such a situation, this IPO is trending today. The size of the IPO is Rs 341.5 crore and it is a completely fresh equity share. The company has fixed the price band of Rs 209-220 per share for the IPO. Brokerage houses are also looking positive about the IPO.
Adani Energy Solutions: Adani Group stock can give 120% return, why is this energy stock expected to rise big
GMP : 109%
There is a craze in the grey market for KRN heat exchanger. The unlisted stock of the company has reached a premium of Rs 240 in the grey market. This premium is 109% in terms of the upper price band of Rs 220. If we look at the GMP, there are indications of high returns on the listing day.
The lot size in this is 65 shares. It is necessary to buy at least one lot, for which an investment of Rs 14,300 will have to be made. Share allotment in the IPO will be finalized on September 30. The company’s stock will be listed on BSE and NSE on October 3.
SIP Losers: SIP is not a guarantee of profit, these 5 mutual funds are continuously making losses, somewhere money is lost and somewhere returns are less than FD
Reliance Securities: Subscribe
Brokerage house Reliance Securities has recommended subscribing to the IPO of KRN Heat Exchanger. The brokerage says that the company has established itself as one of the top players in fin and tube-type heat exchangers for the HVAC&R industry using non-ferrous metals such as copper and aluminum. Known for quality and innovation, KRN partners with leading industry players such as Daikin, Schneider Electric and Blue Star and is strategically expanding its global reach, as well as increasing operational efficiency.
Tata Motors: Tata Motors stock gets ‘Buy’ rating, investment opportunity after 16% fall from record high
The brokerage says that being a first generation entrepreneur with over 19 years of experience in manufacturing heat exchangers and refrigeration units, the company has transformed itself from a single product to a multi-product company with long-standing business relationships with key customers and multi-fold expansion in revenue. In the coming years, strong growth is expected with consistent profitability.
IPO Year: IPOs are becoming a lottery, 7 stocks debuting this year have given more than 100% return, how will you make profit
Swastika Investmart : Subscribe for long term
Brokerage house Swastika Investmart has also advised to subscribe to KRN Heat Exchanger’s IPO for the long term. The brokerage says that the company is a leader in the industry with international quality standards and has strong relationships with leading customers. The company has seen consistent growth in both revenue and profitability. According to the brokerage, the valuation of the IPO looks reasonable, although there are no listed peers for comparison. The brokerage said that given the strong fundamentals of the company and the possibility of listing gains, investors can consider subscribing to this IPO for listing gains as well as for the long term.
(Disclaimer: The views or advice on the stock are given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)
