Retail investors have shown a keen interest in subscribing to the initial public offering (IPO) of Rajasthan-based KRN Heat Exchanger and Refrigeration. The IPO opened for bidding on Wednesday, September 25, and within 12 minutes, the issue was fully subscribed. The company is looking to raise Rs 341.95 crore through the IPO, with a price range of Rs 209-Rs 220 per share. The Non-Institutional Investor (NII) portion was subscribed the most at 29.67 times, followed by the retail portion at 15.48 times. KRN Heat Exchanger manufactures heat exchangers, coils, and other related products used in home, commercial, and industrial heating, ventilation, air conditioning, and refrigeration systems.
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.