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 current subscription status of KRN Heat Exchanger Limited IPO?

KRN Heat Exchanger Limited IPO has received a total subscription of 215.68 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

215.68x

Total Demand

QIB Multiplier

253.04x

Institutions & Funds

NII / HNI

432.62x

High Net-Worth

Retail (RII)

100.39x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 215.68x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	3,107,455	786,300,710	253.04x
NIB	2,387,215	1,032,748,080	432.62x
HNIs(10L +)	1,591,477	708,701,695	445.31x
HNIs (2-10L)	795,738	324,046,385	407.23x
RETAIL	5,498,330	551,966,090	100.39x
Total	13,380,215	3,403,762,960	215.68x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 74.69x

Category	Applications Reserved	Applications Received	Times Subscribed
HNIs (10L+)	1,749	143,226	81.89x
HNIs (2-10L)	874	332,512	380.45x
Retail	84,590	6,038,503	71.39x
Total Applications	87,213	6,514,241	74.69x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for KRN Heat Exchanger Limited IPO is ₹235 per equity share. Based on the upper price band of ₹209 to ₹220 per equity share, the estimated listing price is ₹455 (+106.8% expected listing 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, the expected profit per application lot is approx ₹15,275 (+106.8% gain). Minimum application cost is approx ₹14,300.

What is the issue size and price band for KRN Heat Exchanger Limited IPO?

The KRN Heat Exchanger Limited IPO aggregate issue size is ₹341.95 Crores with an equity price band set at ₹209 to ₹220 per equity share. The retail lot size is 65 shares requiring a minimum capital outlay of approx. ₹14,300.

How can I check KRN Heat Exchanger Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 215.68x (Retail: 100.39x, QIB: 253.04x, NII: 432.62x). You can track live multiples directly on our dedicated subscription page.

Where and when will KRN Heat Exchanger Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-09-30. Investors can verify status using PAN card or application number.

When is the listing date for KRN Heat Exchanger Limited IPO?

KRN Heat Exchanger Limited shares are scheduled to list on NSE and BSE on 2024-10-03.