KRN Heat Exchanger and Refrigeration IPO Listing Price: KRN Heat Exchanger and Refrigeration was listed in the stock market on Thursday. Its listing was strong. The company's stock was listed on BSE at Rs 470 with a premium of 113.64 percent against the IPO price of Rs 220. After listing at such a high premium, investors' money has more than doubled on the very first day.

How was the IPO (KRN Heat IPO)

KRN Heat Exchanger and Refrigeration Limited's IPO received a great response. Its IPO was subscribed 213.26 times. The huge participation of institutional investors was very important in this. The company raised Rs 100 crore from anchor investors.

At the same time, retail investors subscribed 96.74 times the shares reserved for them. The company received applications for 2,34,59,88,580 shares against the 10,993,000 shares reserved in the IPO.

what will you do with the fund

KRN Heat Exchanger & Refrigeration said Rs 242.5 crore will be allotted for investment in its subsidiary KrefrigerateWhatVAC Products to set up a n?ew manufacturing facility at Neemrana, Alwar, Rajasthan. The rest of the money will be used for general corporate purposes.

what is the business of the company

Based in Rajasthan, the company produces fin and tube-type heat exchangers for the heating, ventilatiWhatair conditWhationing, and refrigerate? Ion (HVAC&R) industry. All of the company's manufacturing operations are conducted at its consolidated facility comprising two industrial plots located at the RIICO Industrial Area in Neemrana, Rajasthan.