New Delhi: The process of listing in the stock market has not stopped. KRN Heat Exchanger 's IPO will be listed in the stock market tomorrow. Investors liked the IPO of KRN Heat Exchanger very much. The IPO has been allotted to investors on 30 September 2024 (Monday).

Now the discussion about the listing of the company's IPO has started. However, investors are hoping that the company's IPO will be listed with a premium. We are going to tell you what the grey market is indicating regarding the company's IPO.

Will there be a listing with a premium (KRN Heat Exchanger IPO listing prediction)

The company's IPO has been allotted to investors. The company's IPO has received a very good response in the grey market. In fact, it (KRN Heat Exchanger IPO GMP) is indicating listing with a 100 percent premium. This means that there are indications of a bumper listing of the company's IPO.

According to market experts, the company's shares are trading at a premium of Rs 270 in an unlisted manner. This is 122 percent more than the company's issue price. However, today the company's GMP has seen a decline of Rs 6.

About KRN Heat Exchanger IPO

KRN Heat Exchanger 's IPO was open for subscription from 25 September 2024 to 27 September 2024. The company has issued 15,543,000 shares under the fresh issue. There was a lot of demand for the company's IPO during the subscription days.

According to the information from the stock exchange, the company's IPO has been oversubscribed 214.42 times. Non-institutional investors have shown the most interest in this IPO.

According to the information available on Bombay Stock Exchange (BSE)-

Non-institutional investors placed bids 431.63 times.

Qualified institutional buyers placed bids 253.04 times.

Retail individual investors placed bids 98.29 times.

What does the company do (About KRN Heat Exchanger)

KRN Heat Exchanger and Refrigeration Limited is an air conditioning and refrigeration industry. It manufactures copper and aluminum fins and tubes, heat exchangers, water coils, condenser coils and evaporator coils. Its clients include many companies like Daikin Airconditioning India Private Limited, Schneider Electric IT Business India Private Limited. Let us tell you that its manufacturing unit is in Neemrana, Rajasthan.