GMP for KRN Heat Exchanger IPO stands at ₹225. The IPO launches on September 26, 2024—find out about subscription status and allotment details.
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer specializing in fin and tube-type heat exchangers for the HVAC&R industry. With a focus on high-quality, energy-efficient products, the company has established long-term partnerships with industry giants like Blue Star Ltd and Daikin Air Conditioning India Pvt Ltd. As it prepares for its Initial Public Offering (IPO) on September 25, 2024, investors are keen to understand the subscription status, allotment details, and GMP.
Company Subscription Status
As of now, KRN Heat Exchanger’s IPO has received a strong subscription demand. The latest figures indicate a subscription rate of X times, showcasing substantial interest among investors across various categories:
- Qualified Institutional Buyers (QIB): X%
- Non-Institutional Investors (NII): X%
- Retail Individual Investors (RII): X%
These figures reflect the market’s positive sentiment toward the company and its growth prospects.
Company IPO Allotment Details
The IPO allotment process determines how many shares each applicant receives. Here are the important details regarding KRN Heat Exchanger’s IPO allotment:
- Allotment Date: Expected on 30 Sep 2024.
- Refunds Processed: By 30 Sep 2024.
- Shares Credited to Demat Accounts: Expected by 01 Oct 2024.
How to Check Company IPO Allotment Status
Investors can check their IPO allotment status through several methods:
1. Through Your Demat Account
Log in to your Demat account via your brokerage platform. Navigate to the IPO section where you can view your allotment status directly.
2. Through the Registrar’s Website
Visit the website of the IPO registrar, Bigshare Services Pvt Ltd. Enter your PAN number or application number to check the allotment status.
3. Through BSE Website
You can also visit the Bombay Stock Exchange (BSE) website. Navigate to the ‘Investor Services’ section, select ‘IPO’ and find the allotment link. Enter the required details to access your status.
Key Considerations
- Market Demand: Strong subscription figures indicate healthy investor interest, which may affect the listing price positively.
- GMP Insights: Keep an eye on the Grey Market Premium (GMP), which currently stands at ₹225 on 19 Sep 2024, reflecting the stock’s expected performance post-listing.
- Long-Term Growth Potential: KRN Heat Exchanger is well-positioned in a growing market, making it a compelling investment opportunity.
