KRN Heat Exchanger and Refrigeration Limited
25 Sep 2024 – 27 Sep 2024
LISTED
Offer Price
₹209–220
Bid lot
65
Min Application
₹14,300
Issue Size
₹342 Cr
Key dates
Open date
25 Sep 2024
Done
Close date
27 Sep 2024
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
03 Oct 2024
Today
Issue reservation
₹342 CrQIB 50%Retail 35%
QIB
77.7 L sh · ₹171.00 Cr
Retail
54.4 L sh · ₹119.70 Cr
BRLM: Holani Consultants Private Limited
Lot ladder — how much to bid
1 lot = 65 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
65 sh · ₹14,300
Max · 13 lots
845 sh · ₹1,85,900
S-HNI · ₹2 L to ₹10 L14–69 lots
Min · 14 lots
910 sh · ₹2,00,200
Max · 69 lots
4,485 sh · ₹9,86,700
B-HNI · Above ₹10 L70+ lots
Min · 70 lots
4,550 sh · ₹10,01,000
Entry point
₹10,01,000 onward
Issue details
Lead managersHolani Consultants Private Limited
Face value₹10
Listing onNSE
RegistrarBigshare Services Private Limited
Live subscription
189.32×
0×1×2×3×+
Heavily subscribed
Book₹290.70 Cr
Subscribed₹55,035 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 77,72,728₹171.00 Cr | 1,96,68,10,967₹43,270 Cr | 253.04× |
| HNI | 23,31,818₹51.30 Cr | 1,00,64,82,711₹22,143 Cr | 431.63× |
| Retail | 54,40,909₹119.70 Cr | 53,47,86,970₹11,765 Cr | 98.29× |
| Total | 1,32,13,637₹290.70 Cr | 2,50,15,97,937₹55,035 Cr | 189.32× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 43269.84 |
| HNI | 22142.62 |
| Retail | 11765.31 |
| Total | 55035.15 |
Amounts at the upper band (₹220). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the KRN Heat Exchanger and Refrigeration Limited IPO?
One lot of 65 shares — ₹14,300 at the upper price band of ₹220.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2024-10-03 on NSE.