Suspense Crime Sach Ka Dam
KRN Heat Exchanger IPO GMP: KRN Heat Exchanger IPO which opened on Wednesday, September 25, closed today i.e. Friday, September 27. The company’s IPO received overwhelming support from investors and it received a total subscription of 213.26 times on the last day i.e. today. On the second day of subscription i.e. Thursday, this IPO received a subscription of 58.14 times. As was expected on Thursday, the same happened on Friday and investors rushed to subscribe to this IPO.
Investors will be given 65 shares in one lot.
KRN Heat Exchanger is going to raise Rs 341.95 crore through its IPO. For which the company has fixed a price band of Rs 209 to Rs 220 for each share. Retail investors will have to invest at least Rs 14,300 for one lot, in this amount they will be allotted 65 shares.
Allotment of shares can be done on Monday, 30 September.
Let us tell you that all new shares will be issued in this IPO of KRN Heat Exchanger and no OFS is included in it. The company will issue a total of 1,55,43,000 new shares for Rs 341.95 crore. Allotment of shares can be done on Monday, 30 September. After which the shares will be credited to the demat account of the investors on October 1. The company’s listing will be on both major exchanges BSE and NSE on Thursday, October 3.
KRN Heat Exchanger stock is on fire in the grey market
Given the tremendous support of investors, there is a strong craze for the company’s shares in the grey market as well. The premium of the company’s shares is continuously increasing in the grey market. On Friday, the GMP price of KRN Heat Exchanger shares increased to Rs 276 (125.45 percent), while on Thursday the GMP of the company’s shares was Rs 263 (119.55 percent). It is believed that by the time the company gets listed in the stock market, its GMP price may go up even more.
