• Source:JND
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KRN Heat Exchanger IPO Subscription Status:  Today is the third day for placing a bid for KRN Heat Exchanger IPO. The initial public offering has been getting a massive response from day 1 as it was fully subscribed within hours. The IPO was opened for public bidding on September 26 and will remain open till September 30. So far till around 12:15 pm, the KRN Heat Exchanger IPO was 90.17 times.

The book-built IPO, which consists entirely of fresh issues and 15.5 million shares in the No-Offer-for-Sale (OFS) component, will close on Friday, September 27.

KRN Heat Exchanger IPO Subscription Status

Total Bidding - 90.17 times

Retail Quota- The shares reserved for retail investors subscribed 72.39 times.

Non-Institutional Investors Category - The category received 242.07 times bidding.

Qualified Institutional Buyers (QIBs) - The quota for QIB was 4.92 times the subscription.

(Data Source- NSE- Till 12:15 pm)

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KRN Heat Exchanger IPO GMP

The grey market premium (GMP) of the KRN Heat Exchanger IPO rose to Rs 251 from Rs 239 on Wednesday. Analyzing the current GMP trend and issue price, the stock is predicted to list at Rs 471 on the Indian BSE at a premium of 114.09 per cent.

KRN Heat Exchanger IPO

KRN Heat Exchanger Price Band- The price band per share has been fixed from Rs.209 to Rs.220.
KRN Heat Exchanger IPO size- Rs 342 crore
KRN Heat Exchanger IPO Lot Size- Investors are required to bid for a lot of at least 65 shares, i.e. a minimum investment of Rs 14,300.
KRN Heat Exchanger Listing Date- The shares will be listed on the exchange on October 3rd.

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