KRN Heat Exchanger IPO: Investors have shown strong confidence in KRN Heat Exchanger and Refrigeration’s IPO, as the issue saw a surge in demand from the moment subscriptions opened. Remarkably, the IPO was fully subscribed within the first half-hour of its debut on Wednesday, reflecting high investor enthusiasm.
According to BSE data, by 10:30 am on Wednesday, the first day of subscription, the KRN Heat Exchanger IPO had seen an overall subscription of 2.37 times.
The portion reserved for retail investors was subscribed 2.37 times, while the non-institutional investors’ category had seen a subscription of 4.86 times. By that time, the QIB segment of the issue had not seen any subscriptions.
The ₹342 crore mainboard issue opened for subscription on Wednesday, September 25, and will remain open till Friday, September 27. Ahead of the IPO, the company raised ₹100.10 crore from 10 anchor investors. The IPO is entirely a fresh issue of 1.55 crore shares, with a price band of ₹209 to ₹220 per share.
