KRN Heat Exchanger IPO set to open on September 25; check out lot size, other details
KRN Heat Exchanger, a manufacturer of fin and tube-type heat exchangers, produces copper and aluminum fins, heat exchanger tubes, condenser coils, evaporator coils, and water coils.
KRN Heat Exchanger and Refrigeration's initial public offering (IPO) is set to open for subscription on Wednesday, September 25, and will remain open till Friday, September 27.
KRN Heat Exchanger IPO: Price band
The company has set a fixed price band of Rs 209-220 per share for the issue. Investors can apply for a minimum of 65 shares, with bids required in multiples thereafter.
KRN Heat Exchanger IPO: Issue size
The IPO consists of a fresh issue of 1,55,23,000 shares, valued at Rs 341.50 crore.
KRN Heat Exchanger IPO: Reservation details
With 50 per cent of shares reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors, and 15 per cent for non-institutional investors (NIIs).
KRN Heat Exchanger IPO: Other details
BRLM: Holani Consultants
Registrar: Bigshare Services
Tentative listing date: October 3
What does KRN Heat Exchanger do?
KRN Heat Exchanger, a manufacturer of fin and tube-type heat exchangers, produces copper and aluminium fins, heat exchanger tubes, condenser coils, evaporator coils, and water coils.