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.

What is the estimated listing price for KRN Heat Exchanger Limited IPO?

Based on the upper price band of ₹220 and current GMP of ₹235, the estimated listing price is ₹455 (approx. 106.8% gain).

What is the expected profit per lot for KRN Heat Exchanger Limited IPO?

With a lot size of 65 shares and current GMP of ₹235, expected profit per retail application lot is approximately ₹15,275.

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

Live Grey Market Premium

KRN Heat Exchanger Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹235+106.8%

Issue Price (Upper)

₹220

Band: ₹209 – ₹220

Estimated Listing Price

₹455

Upper price + GMP

Lot Size

65 shares

Min investment ₹14,300

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹235	106.8%	₹455
30 Oct 2026	+₹235	106.8%	₹455
29 Oct 2026	+₹212	96.1%	₹432

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is KRN Heat Exchanger Limited IPO GMP today?

The latest grey market premium for KRN Heat Exchanger Limited IPO is ₹235, which indicates an expected listing price of ₹455.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.