KRN Heat Exchanger IPO Allotment Status : KRN Heat Exchanger and Refrigeration Limited's IPO has closed. Investors are now waiting for its allotment. Its allotment is expected to be given on Monday, 30 September. KRN Heat Exchanger IPO received a great response from all investors on the last day of bidding. The mainboard issue was booked more than 212.9 times on the last day of bidding. Which was led by strong demand from non-institutional investors (NIIs).

Investors who participated in the bid are waiting for the KRN Heat Exchanger IPO allotment status to be finalized. IPO applicants can check the share allotment status online through the websites of NSE, BSE, and the issue registrar, Bigshare Services Pvt Ltd.

How to check KRN Heat Exchanger IPO share allotment status on NSE

1. Open the NSE IPO allotment status page:www.nseindia.com/products/dynaContent/equities/IPO s/IPO _login.jsp
2. Log in with your username and password.
3. First-time users will have to create a fresh login ID on the NSE website.
4. Select 'KRN Heat Exchanger & Refrigeration' from the drop-down menu.
5. Fill in PAN details.
6. Enter the IPO Application Number.
7. Click the 'I am not a robot' checkbox.
8. Click on the ‘Submit’ button.

It is important to note that the share allotment status will appear on the screen only after the company finalizes the share allotment. KRN Heat Exchanger IPO share allotment status can also be checked on the BSE website using PAN and application number.

How to check KRN Heat Exchanger IPO share allotment status on the registrar's website

1. BigShare Services Official Websitehttps://ipo.bigshareonline.com/Go to .
2. Select 'KRN Heat Exchanger & Refrigeration' from the dropdown menu for the company name.
3. Select any of the following details – Application Number, Beneficiary ID, or PAN – and enter the details for verification.
4. Type the captcha.
5. Click on the search button to view the share allotment status.

KRN Heat Exchanger IPO Subscription: KRN Heat Exchanger IPO Subscription

KRN Heat Exchanger IPO received bids for over 234 crore shares across various categories, while 1.09 crore shares were offered for subscription, leading to a total booking of 212.9 times.

The non-institutional investors (NII) category saw over 430 times bookings, with applications for 102.32 crore shares received, as against 23.87 lakh shares reserved for this category. The retail portion of the IPO was booked nearly 95 times, with applications for over 52.7 crore shares received, as against 54.98 lakh shares reserved for this segment.

Qualified institutional buyers (QIBs) met their quota 253.04 times by placing bids for 78.63 crore shares as against 31.07 lakh shares earmarked for the category.

KRN Heat Exchanger IPO Objective

KRN Heat Exchanger & Refrigeration plans to use the proceeds from the public issue to set up a new manufacturing facility in Neemrana, Alwar, Rajasthan. The company will also use a part of the funds for general corporate purposes.

KRN Heat Exchanger IPO Details: KRN Heat Exchanger IPO Details

1.55 crore new shares were issued in the mainboard IPO. The price band of the IPO was fixed at ₹209 to ₹220 per share.

The minimum lot size for retail investors was fixed at 65 shares, amounting to a total investment of ₹14,300. After the share allotment status is finalized, KRN Heat Exchanger & Refrigeration will transfer shares to the demat accounts of successful bidders on Tuesday, October 1.

The listing date for KRN Heat Exchanger's IPO has been tentatively set for October 3. The coil manufacturer's shares will be listed on both NSE and BSE.

About KRN Heat Exchanger: About KRN Heat Exchanger & Refrigeration Limited

KRN Heat Exchanger & Refrigeration Ltd. is a manufacturer of copper and aluminum fins and tubes, heat exchangers, water coils, condenser coils, and evaporator coils. The products manufactured by the company are used in domestic, commercial, and industrial heating, ventilation, air conditioning, and refrigeration (HVAC&R) sectors.

The company's clients include Daikin Airconditioning India Pvt. Ltd., Schneider Electric IT Business India Pvt. Ltd., Kirloskar Chillers Pvt. Ltd., and other companies in the HVAC&R industry. Its manufacturing facility is located in Neemrana, Rajasthan.