KRN Heat Exchanger and Refrigeration Ltd. has made headlines with its recent IPO, which was open for subscription from September 25 to September 27, 2024, at a price band of ₹209 to ₹220 per share. The IPO was highly successful, garnering an impressive subscription rate of over 214 times, indicating strong demand from investors. As of today, the shares are set to debut on the stock market at a remarkable listing price of ₹480 per share, reflecting a premium of 118% over the upper end of the IPO price. The grey market premium (GMP) for KRN Heat Exchanger shares was around ₹240, suggesting significant potential for listing gains. The company aims to utilize the funds raised from the IPO, totaling approximately ₹342 crores, primarily for establishing a new manufacturing facility in Neemrana, Rajasthan. Given its robust fundamentals and market demand, analysts are optimistic about the stock’s future performance, projecting it could deliver multibagger returns over the coming years. For those looking to enhance their investment skills, GRM IIT offers comprehensive trading courses, enabling you to analyze such opportunities effectively.
KRN Heat Exchanger IPO GMP Today
The KRN Heat Exchanger IPO GMP today is a crucial metric to consider for potential investors. As mentioned, the GMP stands at ₹240, which is indicative of the strong demand for the shares in the grey market. Investors are closely watching this figure as it often reflects market sentiment and expectations about the company’s performance post-listing.
Overview of KRN Heat Exchanger IPO
Key Details of KRN Heat Exchanger IPO
- Subscription Period: September 25-27, 2024
- Price Band: ₹209 – ₹220 per share
- Lot Size: 65 shares
- Total Amount Raised: ₹341.95 crores
Market Performance of KRN Heat Exchanger
- Listing Date: October 3, 2024
- Listing Price on NSE: ₹480 (118% premium)
- Grey Market Premium (GMP): ₹240
High Demand and Investment Insights
The KRN Heat Exchanger IPO was oversubscribed 214.42 times overall, reflecting investor confidence:
- Non-Institutional Investors (NIIs): 431.63 times
- Qualified Institutional Buyers (QIBs): 253.04 times
- Retail Investors: 98.29 times
Brokerage firms have issued recommendations, stating that the KRN Heat Exchanger IPO is good due to its fair valuation and strong fundamentals.
KRN Heat Exchanger Share Price Target for Next 6 Years
Projected Share Price Growth
While specific KRN Heat Exchanger share price targets for the next 6 years are speculative, analysts are optimistic. If the company continues its growth trajectory and expands operations, the share price could appreciate significantly. Some analysts project that the stock could double in value if it maintains its current growth rate.
KRN Heat Exchanger Share Price History
Analyzing the KRN Heat Exchanger share price history, we see a solid revenue growth rate of approximately 25% year-on-year in FY24, alongside a net profit increase of 22%. This historical performance is a positive indicator for future growth and stability.
KRN Heat Exchanger IPO Shareholder Quota Breakdown
Shareholder Quota Details
The allocation for different investor categories in the KRN Heat Exchanger IPO was as follows:
| Investor Category | Subscription Rate |
|---|---|
| Non-Institutional Investors | Highly oversubscribed at 431.63 times |
| Qualified Institutional Buyers | Oversubscribed at 253.04 times |
| Retail Investors | Subscribed at 98.29 times |
This high level of interest reflects strong investor confidence in KRN Heat Exchanger’s business model and market position.
KRN Heat Exchanger IPO Review: Is It Good or Bad?
Given the overwhelming demand during the IPO and the promising listing gains, many analysts believe that the KRN Heat Exchanger IPO is good for both retail and institutional investors. The company’s robust fundamentals and growth plans add to its attractiveness, making it a noteworthy opportunity.
KRN Heat Exchanger Unlisted Share Price
Before the official listing, KRN Heat Exchanger shares traded in the grey market, showcasing a grey market premium (GMP) of ₹240. This premium indicates strong investor interest and suggests that the KRN Heat Exchanger unlisted share price was also significantly higher than the IPO price.
Conclusion: Future Prospects for KRN Heat Exchanger
KRN Heat Exchanger has showcased strong market demand through its successful IPO and impressive listing gains. With plans for expansion and a favorable industry outlook, it presents a promising investment opportunity for both retail and institutional investors alike. As we continue to monitor its performance post-listing, staying informed about market trends and company developments is crucial.
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