KRN Heat Exchanger IPO Day 1 GMP Live Latest News Today (September 25): The proceeds of the IPO will be used to invest in a new manufacturing facility for its subsidiary, KRN HVAC Products, in Neemrana, Rajasthan
KRN Heat Exchanger IPO Day 1 GMP Live Latest News Today (September 25): The KRN Heat Exchanger IPO has opened for subscription today. The public offer will remain open until September 27. So far, the IPO has been subscribed 5.59 times so far indicating a good demand from the investors. The company plans to use the proceeds of the public offer to invest in its subsidiary, KRN HVAC Products, for the establishment of a new manufacturing facility in Neemrana, Rajasthan, with the remainder of the funds earmarked for general corporate purposes.Waaree Energies IPO Live: Waaree Energies IPO likely to be launched in October next month
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KRN Heat Exchanger IPO Day 1 GMP Live: tentative schedule of KRN Heat Exchanger Listing
- KRN Heat Exchanger IPO Open Date – September 25, 2024
- KRN Heat Exchanger IPO Close Date – September 27, 2024
- KRN Heat Exchanger Allotment Finalisation Date – September 30, 2024
- KRN Heat Exchanger Refunds Initiation Date – October 1, 2024
- KRN Heat Exchanger Credit of Shares to Demat Account – October 1, 2024
- KRN Heat Exchanger IPO Listing Date – October 3, 2024
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KRN Heat Exchanger IPO Day 1 GMP Live: What is the specialisation of KRN Heat Exchanger
KRN Heat Exchanger specialises in customising heat exchangers in various shapes and sizes to meet customer needs and market demand, with diameters ranging from 5 mm to 15.8 mm.
KRN Heat Exchanger IPO Day 1 GMP Live: Who is the book-running lead manager of KRN Heat Exchanger public offer?
Holani Consultants is the exclusive book-running lead manager for the IPO, as per the official documents.
KRN Heat Exchanger IPO Day 1 GMP Live: A look at revenue of KRN Heat Exchanger
In terms of revenue numbers, KRN heat Exchanger posted an increase in FY24 with operations surging 25% year-on-year to Rs 308 crore. In the same period, the company’s net profit after tax registered an increase of 22% year-on-year to Rs 39 crore.
KRN Heat Exchanger IPO Day 1 GMP Live: What is the current grey market premium of KRN Heat Exchanger
According to the 8:00 am data by investorgain.com, the grey market premium for KRN Heat Exchanger IPO is Rs 239. With a price band of Rs 220, the estimated listing price is Rs 459 (price band plus GMP). This indicates an expected gain of 108.64% per share.
KRN Heat Exchanger IPO Day 1 GMP Live: What’s the price band of KRN Heat Exchanger issue?
The price band for the KRN Heat Exchanger public offer, which involves a fresh equity sale of 1.55 crore shares, is set at Rs 220 at the upper end.
KRN Heat Exchanger IPO Day 1 GMP Live: What will KRN Heat Exchanger do with IPO funds?
The company intends to utilise the net proceeds from the IPO to invest in its wholly-owned subsidiary, KRN HVAC Products, for the establishment of a new manufacturing facility in Neemrana, Alwar, Rajasthan. The remaining funds will be designated for general corporate purposes.
KRN Heat Exchanger IPO Day 1 GMP Live: Focus on new IPO opening today
The KRN Heat Exchanger IPO is open for subscription until September 27, with proceeds aimed at establishing a new manufacturing facility for its subsidiary, KRN HVAC Products, in Neemrana, Rajasthan, and covering general corporate expenses.
Manba Finance IPO Day 3 GMP Live: What is the expert view?
Akriti Mehrotra, Research Analyst at StoxBox, assigned a ‘subscribe’ rating to the Manba Finance IPO. She highlighted the strong growth prospects for the NBFC sector in India, driven by increasing finance penetration and consumer demand across segments such as two-wheelers, three-wheelers, and MSME lending. Manba Finance Ltd., with its core focus on two- and three-wheeler financing, has also expanded into personal, business, and used car loans, operating through a network of over 1,100 dealers across six states.
Manba Finance IPO Day 3 GMP Live: Who is the lead manager of the Manba Finance issue?
Hem Securities Limited has been appointed as the lead manager for the Manba Finance IPO.
Manba Finance IPO Day 3 GMP Live: When is the listing of Manba Finance IPO?
Manba Finance IPO is scheduled to be listed on both the BSE and NSE, with the anticipated listing date being September 30, 2024.
Manba Finance IPO Day 3 GMP Live: Who is the issue’s registrar?
Link Intime India Private Limited has been appointed as the official registrar for the Manba Finance IPO.
Manba Finance IPO Day 3 GMP Live: What’s the lot size for subscription
Investors can place bids in lots, with each lot consisting of 125 shares of the company in the public offering.
- Business News Live: Asian stocks, currencies rise on China optimism
Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts.
Stocks in China and Hong Kong extended gains after the People’s Bank of China on Tuesday unveiled a sweeping stimulus package to support the economy and financial markets. Shares also rose in Taiwan, South Korea and Australia, while those for Japan slipped.
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September 25, 2024 / 07:28 IST
Business News Live: Wall Street watchdog faces bipartisan ire in House over crypto
Lawmakers from both major parties in the House of Representatives on Tuesday renewed their attacks on Wall Street’s chief regulator over his agency’s policies on cryptocurrencies, accusing the U.S. Securities and Exchange Commission of hampering the industry’s growth.
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September 25, 2024 / 07:25 IST
Business News Live: Four IPOs to open for subscription today
KRN Heat Exchanger and Refrigeration Limited, Thinking Hats Entertainment Solutions Limited, Unilex Colours and Chemicals Limited and TechEra Engineering Limited will open today for subscription. All the four IPOs will close for subscription on September 27.
The price bands of KRN Heat Exchanger IPO is set at Rs 209 to Rs 220 per share, Thinking Hats Entertainment Solutions at Rs 42 to Rs 44 per share, Unilex Colours and Chemicals IPO at Rs 82 to Rs 87 per share and TechEra Engineering IPO at Rs 75 to Rs 82 per share.
- Business News Live: Asian stocks, currencies rise on China optimism
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