• Source:JND
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KRN Heat Exchanger IPO GMP Status: KRN Heat Exchanger to finalise shares allotment to successful bidders today i.e. on September 30th. The  Rs 342 crore Initial Public offering of the tube manufacturer company received 214 times the subscription, which was priced between Rs. 209 and Rs. 220 per share. The company had earlier raised Rs 100 crore from anchor investors. The IPO Of KRN Heat Exchange received bids for 234 crore shares, while there were 1.09 crore offers. The public offering was a fresh issue of 1,55,43,000 equity shares worth Rs 342 crore, considering the upper end of the price band.

Investors, who have placed bids for the IPO can check the share allotment status on the official website of the Bombay Stock Exchange

Steps to check KRN Heat Exchanger IPO allotment status- BSE

- You have to visit the official website of Bombay Stock Exchange (BSE)
- Next, click on the "Investors" option from the home page.
- Now, choose "Issue Application Status"  from the 'Investor Service dropdown Menu'.
-  You have to click on 'Check Application Status' option
-  You will have to select 'Equity' from the issue type.
- Fill in the required details, including Name of the IPO
- Next, enter your PAN number and click on the "Search" button to check the status

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KRN Heat Exchanger GMP-  According to investorgain.com, the shares of KRN Heat Exchanger are trading at Rs 490 in the grey market, up Rs 270 or 122% against price band.

KRN Heat Exchanger IPO Details

KRN Heat Exchanger Price Band - The price band per share has been fixed at Rs. 209 to Rs. 220.

KRN Heat Exchanger IPO Size - Rs 342 crore

KRN Heat Exchanger IPO Lot Size - Investors have to bid for lots of at least 65 shares, i.e. minimum investment of Rs. 14,300.

KRN Heat Exchanger Listing Date - The shares will be listed on the exchange on October 3rd, 2022.

KRN Heat Exchanger IPO Subscription Status

Total Bids - 214.42 Times

Retail Quota - Shares reserved for retail investors have been subscribed 98.29 times.

Non-Institutional Investor Category - The category received 431.63 bids.

Qualified Institutional Buyers (QIBs) - The quota for QIBs was subscribed 253.04 times.

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