The latest details on the KRN Heat Exchanger IPO GMP, Kostak rates, and Subject to Sauda rates. As of September 18, the GMP for KRN Heat Exchanger IPO is ₹276. Stay tuned for the most recent updates on the IPO GMP figures.
The KRN Heat Exchanger IPO is set to open on September 25. This mainboard IPO aims to raise ₹341.95 Cr, with a price band fixed at ₹[220] per share and a minimum lot size of [65] shares.
Founded in 2017, KRN Heat Exchanger and Refrigeration Limited is a leading manufacturer and exporter of copper and aluminum fin and tube heat exchangers for the HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) industry. Their product line includes condenser coils, evaporator units, evaporator coils, header and copper parts, fluid and steam coils, and sheet metal components.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
KRN Heat Exchanger IPO GMP Day-wise Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
| 27-09-2024 | 220 | 276 | 13600/190400 | ₹496 (125.45%) |
| 26-09-2024 | 220 | 274 | 13500/189000 | ₹494 (124.55%) |
| 25-09-2024 | 220 | 251 | 12400/173600 | ₹471 (114.09%) |
| 24-09-2024 | 220 | 239 | 11800/165200 | ₹459 (108.64%) |
| 23-09-2024 | 220 | 240 | 11900/166600 | ₹460 (109.09%) |
| 22-09-2024 | 220 | 223 | 11000/154000 | ₹443 (101.36%) |
| 21-09-2024 | 220 | 223 | 11000/154000 | ₹443 (101.36%) |
| 20-09-2024 | 220 | 223 | 11000/154000 | ₹443 (101.36%) |
| 19-09-2024 | NA | ₹225 | — | |
| 18-09-2024 | NA | ₹225 | — | |
| 17-09-2024 | NA | ₹225 | — | |
| 16-09-2024 | NA | ₹215 | — |
KRN Heat Exchanger IPO Details
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[209.] to ₹[220] Per Share |
| Issue Size: | Approx ₹[341.95] Crores |
| Fresh Issue: | Approx ₹[341.95] Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Latest IPO GMP
We provides live updates on the GMP status of all upcoming and closed IPOs through our IPO GMP Dashboard. we regularly update IPO GMP performance, allowing you to track and compare GMP figures with listing prices.
IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) represents the unofficial price at which an IPO trades in the grey market before its official listing. It gives an indication of how the IPO might perform on its listing day. A positive GMP suggests that the IPO may open at a profit, while a negative GMP implies it could start at a discount.
Keep in mind that IPO GMPs can be highly volatile. Relying solely on the GMP for investment decisions can be risky. It’s important to consider all factors before investing in the KRN Heat Exchanger IPO to ensure it aligns with your investment strategy.
KRN Heat Exchanger IPO Dates
Stay informed with the latest updates on the KRN Heat Exchanger IPO dates. Information will be updated as new details are announced.
| IPO Activity | Date |
| IPO Open Date | 25-09-2024 |
| IPO Close Date | 27-09-2024 |
| Basis of Allotment | 30-09-2024 |
| Finalisation Date* | |
| Refunds Initiation* | 01-10-2024 |
| Credit of Shares | 01-10-2024 |
| to Demat Account* | |
| IPO Listing Date* | 03-10-2024 |
KRN Heat Exchanger IPO GMP (Grey Market Premium) FAQs:
What is the KRN Heat Exchanger IPO GMP today?
The current Grey Market Premium (GMP) for the KRN Heat Exchanger IPO is ₹276.
What is the KRN Heat Exchanger IPO Kostak Rate today?
The Kostak Rate for the KRN Heat Exchanger IPO is ₹-.
What is the KRN Heat Exchanger IPO Subject to Sauda today?
The Subject to Sauda rate for the KRN Heat Exchanger IPO is ₹13600/190400.
What are the expected returns for the KRN Heat Exchanger IPO?
The expected returns for the KRN Heat Exchanger IPO are 125.45%.
DISCLAIMER: The financial information provided here is for educational and informational purposes only and should not be interpreted as an offer to buy or sell securities or as investment advice. It is not intended to be used as the basis for any investment decision. Readers are advised to consult a qualified financial advisor before making any investment decisions. Any actions taken based on the information provided here are solely at the reader’s own risk. Please note that investing in equity markets carries inherent risks due to market volatility. The author has no intention of investing in this offering.