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KRN Heat Exchanger IPO: Allotment day, GMP today, Allotment status, and performance

KRN Heat Exchanger IPO allotment day is today which is a big deal for investors, who has shown great interest in this offering. This article will describe most anticipated KRN’s GMP today, performance and how you can check allotment status.

GMP (Grey Market Premium)

As of now, the GMP stands for KRN heat exchanger at 118% per share which will be around ₹260-270 over the issue price of ₹220. Which indicates strong market interest and positive sentiment among the investors.

Issue Size is 15,523,000 shares (₹341.5 Cr)

Market Lot
Retail : 65 Shares (₹14,300/-)
S-HNI: 9100 Shares (₹2,00,200/-)
B-HNI: 4,500 Shares (₹10,01,000/-)

How to check allotment status

Investors can check allotment status of KRN Heat Exchanger IPO through below methods:

Registrar’s Website (Bigshare Services)

  • Visit the Bigshare Services IPO status page
  • Select ‘KRN Heat Exchanger’ from the dropdown menu
  • Enter your PAN, application number, or DP client ID.
  • Click ‘Submit’ to view your allotment status.

NSE Website

  • Visit the NSE IPO status page.
  • Select ‘Equity’ in the issue type.
  • Enter ‘KRN Heat Exchanger’ in the issue name.
  • Provide your PAN number and click ‘Search’ to view the status.

BSE Website

  • Visit the BSE IPO status page.
  • Follow the same steps as above.

Expected Performance

KRN Heat Exchanger and Refrigeration Ltd is one of the leading manufacturer of Fins and Tube tyres heat exchanger. Sheet metal component, header-clipper parts, evaporator units-coils, Fluid and steam coils are all part of it’s production line. The company also exports products overseas.

Stock market sources pointed out that the shares of the company are trading at a high premium in the grey market, reflecting investors’ enthusiasm and interest. GMP has raised to 118% per share which will be around ₹260-270 over the issue price of ₹220.

With a significant revenue increase to ₹16,064.24 lakh in 2023, KRN Heat Exchanger and Refrigeration Limited shows a good financial performance. Over the previous three years, the company has grown at a CAGR of 48.33%, indicating strong market demand and successful business strategy. More over, the company’s RIICO industrial facility in Neemrana, which is fully prepared for end to end production, has allowed it to create an extensive manufacturing capability. This gives savings over competitors who outsource manufacturing processes and control over quality.

KRN Heat Exchanger And Refrigeration Limited – Listing Price

₹474

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