What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the KRN Heat Exchanger Limited IPO allotment date?

The basis of allotment for KRN Heat Exchanger Limited IPO is scheduled to be finalized on 30 Sep 2024.

Where can I check KRN Heat Exchanger Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 1 Oct 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

KRN Heat Exchanger Limited

ListedMainboard

Capital Goods / Industrial Engineering · NSE / BSE

KRN Heat Exchanger and Refrigeration Limited, incorporated on August 25, 2017, specializes in the design, manufacture, and supply of heat exchangers and refrigeration systems for diverse industrial applications. Its product portfolio includes air-cooled heat exchangers, finned tubes, and pressure vessels, catering to sectors such as oil and gas, power generation, and chemical processing. Supported by a workforce of approximately 240 employees, the company maintains robust manufacturing and technical operations, delivering reliable and efficient solutions across its target industries.

Price Band

₹209 – ₹220

Issue Size

₹342 Cr

Lot Size

65 shares

GMP

₹235

+106.8%

Est. Listing

₹455

at current GMP

Subscribed

215.68x

overall

Open

25 Sep 2024

27 Sep 2024

Allotment

30 Sep 2024

Refund

1 Oct 2024

Demat Credit

2 Oct 2024

Listing

3 Oct 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

KRN Heat Exchanger Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

30 Sep 2024

Basis finalization

Refunds Initiate

1 Oct 2024

Mandate release

Demat Credit

2 Oct 2024

Shares in demat

Listing Debut

3 Oct 2024

Trading begins

About KRN Heat Exchanger Limited Public Issue & Market Profile

KRN Heat Exchanger Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Engineering sector with an aggregate issue size of ₹341.95 Crores. The shares are offered at a price band of ₹209 to ₹220 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 65 shares (approx. ₹14,300 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-02, while un-allotted funds or UPI block mandates will be released on 2024-10-01.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.