KRN Heat's IPO: KRN Heat Exchanger & Refrigeration's initial public offering (IPO) was subscribed to 213.26 times on the last day of the share sale on Friday. According to data available on the National Stock Exchange, the initial share sale received bids for 2,34,43,38,230 shares against the offer of 1,09,93,000 shares.

The portion of non-institutional investors got a subscription 430.39 times.

The portion of non-institutional investors was subscribed 430.39 times while the category of qualified institutional buyers (QIBs) was subscribed 253.04 times. The portion of retail individual investors (RIIs) was subscribed 96.50 times. On Wednesday, KRN Heat Exchanger and Refrigeration Limited's IPO got a full subscription within minutes of opening for a share sale and finally closed with 23.73 times subscription. KRN Heat Exchanger and Refrigeration on Tuesday said that it has raised Rs 100 crore from anchor i.e. big investors.

What is the price band of KRN Heat IPO

The price band for the company's Rs 342 crore IPO has been fixed at Rs 209-220 per share. KRN Heat Exchanger's IPO consists of a fresh issue of 1,55,43,000 equity shares. An amount of around Rs 242.5 crore will be used for investing in wholly-owned subsidiary KRN HVAC Products to set up a new manufacturing facility at Neemrana, Alwar, Rajasthan and the balance amount will be used for general company purposes.