2 weeks Ago
After a bumper subscription response from investors, the share allotment of KRN Heat Exchanger is likely to be finalised today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website. Firstly, here's how you can know the status on BSE Step 1 : Visit the BSE Website ( https://www.
bseindia.com/investors/appli_check.aspx ) Step 2 : Please select the issue name, that is the company's name in the drop down.
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bigshareonline.com/IPO_Status.html ) Step 2 : Select KRN Heat Exchanger IPO Step 3 : Enter the PAN details and click search to know the status KRN Heat Exchanger GMP The company's shares are expected to get listed on the exchanges on October 3.
In the unlisted market, the company's shares are trading with a GMP of Rs 275, which translates to a premium of 125% to the issue price. KRN Heat Exchanger IPO subscription The initial public offer (IPO) of KRN Heat Exchanger IPO subscription received robust response from investors with an overall subscription of over 200 times at close. The company proposes to use the net proceeds from the IPO for investment in wholly-owned subsidiary KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, in Rajasthan.
The remaining amount will be used for other general corporate purposes. KRN Heat Exchanger and Refrigeration (KRN) specializes in manufacturing fin and tube type heat exchangers for the heat ventilation air conditioning and refrigeration (HVAC&R) industry and their products are primarily made from non-ferrous metals such as copper and aluminum. The company customizes heat exchangers in various shapes and sizes to meet customer requirements and market demand with diameters ranging from 5 mm to 15.
8 mm. The product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts for various cooling applications. Heat exchangers transfer thermal energy from one fluid to another, while ensuring that the fluids do not mix.
This process is facilitated by conduction, enabling the heat exchanger to heat or cool a substance. In FY24, the company's revenue from operations increased 25% year-on-year to Rs 308 crore, while net profit after tax rose 22% year-on-year to Rs 39 crore. Holani Consultants is the sole book-running lead manager for the IPO.
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