KRN Heat Exchanger, a Rajasthan-based manufacturer of heat exchangers, has launched its IPO which will continue till Friday, September 27, with a price range of ₹209-₹220 per share. The company plans to raise ₹341.95 crore through this IPO, without any offer for sale component. This news is significant for investors and those interested in the financial market.
KRN Heat Exchanger IPO: A Deep Dive
Background
KRN Heat Exchanger, a Rajasthan-based manufacturer of heat exchangers, is set to launch its Initial Public Offering (IPO) on September 27, 2023. The IPO will run until September 29, with a price range of ₹209-₹220 per share. The company plans to raise ₹341.95 crore through this offer, which has no offer-for-sale component.
Significance
The KRN Heat Exchanger IPO is significant for several reasons:
Top 5 FAQs
1. What is the issue size of KRN Heat Exchanger's IPO? A: The company plans to raise ₹341.95 crore through this IPO.
2. When will the IPO open and close? A: The IPO will open on September 27, 2023, and close on September 29, 2023.
3. What is the price range of the IPO? A: The price range of the IPO is ₹209-₹220 per share.
4. What is the minimum lot size for applying in the IPO? A: The minimum lot size is 65 shares.
5. What are the key risks associated with investing in the IPO? A: The key risks associated with investing in the IPO include market volatility, competition from other manufacturers, and changes in regulatory policies.
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