Mon Sep 30 02:27:13 UTC 2024: ## KRN Heat Exchanger IPO Over-Subscribed by 213 Times, Expected to List at 125% Premium

**Mumbai, India:** The Indian stock market continues to see a flurry of IPOs, with investors eager to capitalize on new opportunities. One such IPO, KRN Heat Exchanger, has garnered significant attention in the grey market, registering a massive 213.41 times oversubscription.

Retail investors have shown overwhelming interest, subscribing to the IPO a staggering 96.74 times. KRN Heat Exchanger aims to raise ₹341.95 crore through the IPO, offering 1.55 crore shares. The IPO opened for subscription on September 25th and closed on September 27th. Allotment of shares is expected by Monday, with the listing slated for October 3rd.

The company has set a price band of ₹209 to ₹220 per share, with a lot size of 65 shares. This means retail investors had to invest at least ₹14,300 to participate in the IPO.

The grey market premium (GMP) for KRN Heat Exchanger IPO is currently ₹275 per share, suggesting a potential listing price of ₹495 per share. This translates to a potential listing gain of 125%, implying investors could see their investment more than double upon listing.

**Disclaimer:** Investing in any IPO carries inherent risks. It is strongly advised to consult with a financial advisor before making any investment decisions.

Read More