Last week, the Initial Public Offering (IPO) of KRN Heat Exchanger and Refrigeration Company, which opened for subscription between 25th and 27th September, received a strong response from investors. The allotment of shares of KRN Heat Exchanger IPO is to take place tomorrow i.e. Monday 30th September. After share allotment, refund and credit of eligible shares will take place on 1st October, followed by listing on 3rd October. This IPO can double investors’ money upon listing.
KRN Heat Exchanger Company of Rajasthan The IPO opened for subscription on 25 September 2024 and closed on 27 September.According to the data available on Bombay Stock Exchange, the company’s issue was subscribed 214.42 times in three days. Company’s IPO The size is Rs 341.5 crore and it is completely fresh equity shares. The price band for the company’s Rs 342 crore IPO has been fixed at Rs 209-220 per share. KRN Heat Exchanger’s IPO includes a fresh issue of 1,55,43,000 equity shares.
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(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
