KRN Heat Exchanger IPO
Heat Exchangers/Industrial - Listed on 03 October 2024
KRN Heat Exchanger IPO listing summary
KRN Heat Exchanger (Heat Exchangers/Industrial) closed its IPO window in 2024 and listed on NSE and BSE on 03 October 2024 at an upper band issue price of Rs 220, opening at Rs 478.79 for a listing gain of +117.6% and closing day one at Rs 478.79 (+117.6% on closing basis). The IPO was subscribed 215.88x overall - QIB 148.55x, HNI/NII 506.16x, Retail 129.95x. The total issue size was Rs 341.95 Cr (Fresh Issue Rs 341.95 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
KRN Heat Exchanger IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +22.73% |
| Day 2 | Rs 40 | +27.27% |
| Day 3 | Rs 50 | +27.27% |
| Day 4 | Rs 60 | +27.27% |
| Day 5 | Rs 60 | +27.27% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the KRN Heat Exchanger IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
KRN Heat Exchanger IPO - FAQs
What was the listing gain of KRN Heat Exchanger IPO?
KRN Heat Exchanger IPO listed at +117.6% versus the upper issue price of Rs 220 on 03 October 2024.
How many times was KRN Heat Exchanger IPO subscribed?
KRN Heat Exchanger IPO was subscribed 215.88x overall. QIB portion was subscribed 148.55x, HNI / NII 506.16x and Retail 129.95x.
What was the IPO GMP for KRN Heat Exchanger?
IPO GMP started at Rs 40 on Day 1 and moved to Rs 60 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.