KRN Heat Exchanger IPO Allotment: How to Check Status and Expected Listing Price

The KRN Heat Exchanger IPO has generated significant buzz in the market, with the allotment date set for September 30, 2024. This initial public offering (IPO) has attracted overwhelming interest from investors, achieving a remarkable subscription rate of 214.42 times by the end of the bidding period on September 27, 2024. In this article, we will explore how to check your allotment status and discuss the expected listing price based on current trends.

Overview of KRN Heat Exchanger IPO

KRN Heat Exchanger and Refrigeration is a prominent player in the HVAC&R industry, specializing in manufacturing various heat exchangers. The company aimed to raise approximately ₹341.95 crores through this IPO, which consisted solely of a fresh issue of shares. The price band was set between ₹209 and ₹220 per share, making it accessible for a wide range of investors.

Subscription Details

The IPO witnessed a robust response across all investor categories:

• Non-Institutional Investors (NII): Subscribed 431.63 times
• Qualified Institutional Buyers (QIB): Subscribed 253.04 times
• Retail Individual Investors (RII): Subscribed 98.29 times

This overwhelming demand indicates strong market confidence in KRN Heat Exchanger’s growth prospects.

How to Check KRN Heat Exchanger IPO Allotment Status

Investors can check their allotment status through two primary platforms: the registrar’s website and the Bombay Stock Exchange (BSE). Here’s how you can do it:

Checking via Bigshare Services

1. Visit the Bigshare Services IPO allotment page.
2. Select “KRN Heat Exchanger and Refrigeration Ltd” from the dropdown menu.
3. Choose your selection type (Application No/CAF No, Beneficiary ID, or PAN).
4. Click on “Search” to view your allotment status.

Checking via BSE

1. Go to the BSE website.
2. Click on “Equity” under the application check section.
3. Select “KRN Heat Exchanger and Refrigeration Ltd” from the list.
4. Enter your application number or PAN.
5. Complete any CAPTCHA verification and click “Search.”

This process will allow you to determine whether you have been allotted shares in this highly sought-after IPO.

Expected Listing Price

The expected listing price for KRN Heat Exchanger shares is generating excitement among investors. Based on current grey market premium (GMP) trends, shares are anticipated to debut at around ₹490 on October 3, 2024. This projection is derived from a GMP of approximately ₹270, which represents a premium of about 122.73% over the upper price band of ₹220.

Factors Influencing Listing Price

1. Market Sentiment: The strong subscription rates indicate positive sentiment towards KRN Heat Exchanger’s business model and future growth.
2. Grey Market Activity: The ongoing trading of shares in the grey market reflects investor confidence, often serving as an indicator for expected listing prices.
3. Company Fundamentals: KRN Heat Exchanger’s plans for expanding its manufacturing capabilities will likely bolster investor interest post-listing.

Company Background

KRN Heat Exchanger specializes in manufacturing heat exchangers and related equipment. Established in [Year], the company has carved a niche in the HVAC and industrial sectors, providing efficient thermal management solutions. With a focus on innovation and quality, KRN has built a strong reputation among its clients.

IPO Details

Launch Date and Price Band

The KRN Heat Exchanger IPO is expected to open for subscription on [insert specific date] with a price band set between ₹[insert lower limit] and ₹[insert upper limit] per share. This pricing strategy aims to attract both retail and institutional investors.

Lot Size

Investors will need to apply in lots, with each lot consisting of [insert number of shares] shares. The minimum investment required will therefore be ₹[insert minimum investment amount].

Subscription Status

As of now, the subscription status is yet to be confirmed. However, market analysts predict a strong interest based on KRN’s robust business model and growth prospects.

Financial Performance

KRN Heat Exchanger has demonstrated impressive financial metrics over the past few years:

• Revenue Growth: The company has reported a compound annual growth rate (CAGR) of [insert percentage] over the last three years.
• Profit Margins: KRN boasts an average profit margin of [insert percentage], indicating efficient cost management.
• Debt-to-Equity Ratio: The company maintains a healthy debt-to-equity ratio of [insert ratio], reflecting its financial stability.

Risk Factors

Investors should consider several risk factors before investing:

1. Market Competition: The HVAC industry is competitive, with numerous players vying for market share.
2. Economic Fluctuations: Changes in economic conditions can impact demand for KRN’s products.
3. Regulatory Risks: Compliance with industry regulations is crucial and can pose challenges.

Promoter Background

The promoters of KRN Heat Exchanger have extensive experience in the manufacturing sector. Their leadership has been pivotal in steering the company toward growth and innovation.

Quota Breakdown

The IPO will have different quotas for various investor categories:

• Retail Quota: [Insert percentage]
• Qualified Institutional Buyer (QIB) Quota: [Insert percentage]
• Non-Institutional Investor (NII) Quota: [Insert percentage]

Broker Recommendations

Market analysts are optimistic about KRN’s growth trajectory. Most brokerages recommend subscribing to the IPO due to its strong fundamentals and growth potential.

Pros and Cons

Pros

• Strong financial performance
• Experienced management team
• Growing demand in HVAC sector

Cons

• High competition
• Economic sensitivity

Industry Outlook

The HVAC industry is expected to grow significantly in the coming years, driven by increasing urbanization and industrialization. KRN is well-positioned to capitalize on these trends.