Mon Sep 30 19:22:45 UTC 2024: ## KRN Heat Exchanger IPO Over-Subscribed 214 Times, Allotment Status Out Today

**New Delhi:** The Initial Public Offering (IPO) of KRN Heat Exchanger, which concluded on September 27, 2024, saw an overwhelming response from investors. The IPO was oversubscribed a whopping 214 times, indicating strong investor confidence in the company’s potential.

Today, September 30, 2024, investors will find out if they have been allotted shares in the IPO. Unsuccessful applicants will receive refunds on October 1, 2024. The company’s shares are set to list on the stock market on October 3, offering another opportunity for investors to participate.

The high level of interest in KRN Heat Exchanger is driven, in part, by the strong grey market premium on its shares. Currently, the company’s unlisted stock is trading at a premium of Rs. 275. This suggests that investors are willing to pay a significant price for the company’s shares.

With the upper price band set at Rs. 220, analysts anticipate the company’s shares to list at around Rs. 495, potentially offering investors a return of over 125%.

**How to Check Allotment Status:**

Investors can easily check their allotment status through two methods:

* **Bigshare Services Website:** Visit [Bigshare IPO Allotment](https://www.bigshareonline.com/ipo_Allotment.html) and follow the instructions on the website.
* **BSE Website:** Visit [BSE Allotment Status](https://www.bseindia.com/investors/appli_check.aspx) and enter your application number or PAN card number.

The KRN Heat Exchanger IPO presents a potentially lucrative opportunity for investors, and its impressive oversubscription highlights the confidence the market has in the company.

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