Finalization of the KRN Heat Exchanger IPO share allotment is scheduled following high demand, with subscriptions exceeding the offer by 214.42 times.
Today, September 30, is the final day of the KRN Heat Exchanger IPO share allotment. Strong demand was seen for the issue across all investor groups when it opened for subscription on September 25 and ended on September 27. In contrast to the 1.09 crore shares offered for subscription, the ₹341.95 crore IPO received bids for 235.71 crore shares, or 214.42 times as many shares as were subscribed. Retail quota was taken 98.29 times, Qualified Institutional Buyers (QIBs) 253.04 times, and Non-Institutional Investors (NIIs) 431.63 times.
The IPO price range was established at ₹209 to ₹220. The business plans to use the money raised for general corporate reasons and to build up a new production facility for its wholly-owned subsidiary, KRN HVAC Products Pvt Ltd, in Neemrana, Alwar, Rajasthan.
How to check KRN Heat Exchanger IPO allotment status?
On the websites of the BSE, NSE, and Bigshare Services Pvt Ltd, you can verify the status of the IPO’s share allotment. On the NSE website, you can do this as follows:
1. Go to the NSE IPO allotment status page
2. Enter username and password and choose ‘KRN Heat Exchanger’ from the drop-down menu
3. Enter PAN details and your IPO application number
4. Click on the ‘Submit’ button.
Using your PAN information and IPO application number, you can use the BSE website to verify the allotment status of KRN Heat Exchanger shares.
The following procedures can be used to verify the KRN Heat Exchanger IPO share allotment status on the BigShare Services website:
- Visit the registrar Big Share Services Private Ltd.’s official website.
- Select any one of the three servers by selecting the IPO allotment status option.
- Enter your information and select “KRN Heat Exchanger and Refrigeration” from the dropdown menu.
- Click “Search” after clearing the captcha.
