Tue Sep 24 20:07:00 UTC 2024: ## KRAN Heat Exchanger IPO Offers Potential for Double the Investment: Grey Market Indicates 110% Premium

**Mumbai, September 26th:** The IPO market continues to be abuzz, with a string of IPOs hitting the market each week. Investors are witnessing significant returns, including a recent 100% gain from Bajaj Housing Finance’s IPO. Now, another IPO, KRAN Heat Exchanger and Refrigeration, a manufacturer of fin and tube type heat exchangers, is generating excitement and showing signs of doubling investor money.

The IPO, slated to open for subscription from September 25th to 27th, aims to raise around ₹342 crore. The issue comprises only fresh shares and will not include an offer for sale component. The company, known for its aluminum and copper heat exchangers and coils used in air conditioning and refrigeration systems, has set a price band of ₹209-220 per share, with a minimum investment of ₹14,300 for a lot of 65 shares.

The IPO has garnered significant interest in the grey market, currently trading at a premium of 110% – a whopping ₹240 per share. This indicates a potential listing price of around ₹460, potentially offering investors a return of over 100% on their investment if the trend continues. The shares are scheduled to be listed on the stock exchanges on October 3rd.

While the grey market offers an early indication, it’s crucial to note that the market is volatile. **Investors are advised to consult with financial advisors before making any investment decisions.**

This article provides information only and does not constitute investment advice. ABPLive.com does not endorse any specific investment.

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