If you’re considering taking part in an IPO this week is going to be specific for you. In this week, many IPOs are scheduled to be launched. This includes a massive public offering of a main board.
In reality, these shares in the IPO that we’re discussing have already been being traded for a hundred percent price in the grey market. This is the KRN Heat Exchanger and Refrigeration Limited IPO.
Its Initial Public Offering KRN Heat Exchanger and Refrigeration Limited will be open to investment on September 25 and close on September 27.
Large (anchor) investors can take part in the auction on the 24th of September. The price band is set at Rs 209-220 per share.
What Is The Current GMP?
As per sources, KRN Heat Exchanger and Refrigeration Limited IPOs are available on the grey market for the price of 223. That means the probable value of the share of the company can be as high as Rs 443.
This means that investors could gain a substantial profit of 102% on the first day. We will tell you that shares of the company will be available for sale on the 3rd of October.
What’s The Particular
The initial public offering of KRN Heat Exchanger and Refrigeration Limited is valued at Rs 342 crore. This company established a price range between 209 and 220 per share to finance this.
The goal of an IPO is to further advance the growth plans of the business. The company is based in Rajasthan and produces fins and tubes that are heat exchangers to be used in the ‘heat ventilation refrigeration and air conditioning industry.
According to the document the IPO contains new shares worth 1,55,43,000. The total amount is 342 crore. The company declared last month that it was planning to raise the amount of Rs 9.54 crore during the planning phase before IPO.
Quick Fact
| Company name | KRN Heat Exchanger and Refrigeration |
|---|---|
| IPO opening date | September 25 |
| IPO closing date | September 27 |
| Anchor investor date | September 24 |
| Listing date | October 3 |
| IPO size | ₹342 crore |
| Price band | ₹209-₹220 per share |
| Probable grey market price (GMP) | ₹443 |
| Expected possible profit on 1st day | 102% |
| Number of new shares | 1,55,43,000 |
| Industry | Heat ventilation, refrigeration, air conditioning |
| Business location | Rajasthan |
| Pre-IPO fundraising | ₹9.54 crore |
| Purpose of IPO | Expansion plans |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
