KRN Heat Exchanger IPO price band is set at ₹209 to ₹220 per share. The subscription period runs from September 25 to September 27, with anchor investor allocation on September 24.

The issue's book-running lead manager justified the IPO's Rs 209–220 price band, citing the company's 19% Ebitda margin and 12–13% profit in last two years.

The IPO of KRN Heat Exchanger will open for subscription on September 25 and close on September 27, while the tentative date for listing of shares on the stock exchanges is October 3, 2024. The anchor book will open for a day on September 24. The allotment of shares to eligible applicants is expected to be finalised on September 30, 2024.

KRN Heat Exchanger and Refrigeration Limited is set to hit the market with its Initial Public Offering (IPO). The subscription period starts on September 25, 2024, and closes on September 27, 2024.

According to the Red Herring Prospectus (RHP), the proposed IPO consists entirely of a fresh issuance of 1.55 crore equity shares, with no offer-for-sale (OFS) component included.

The initial public offering of KRN Heat Exchanger and Refrigeration Ltd. will open for subscription next week at a price band of Rs 209-220 per share. The Rajasthan-based company's maiden offering consist of a fresh issue of size of 1.55 crore equity shares with no offer-for-sale component.

KRN Heat Exchanger and Refrigeration's Rs 342 crore IPO opens on September 25 with a price band of Rs 209-220 per share. Proceeds will fund expansion plans.

Rajasthan-based KRN Heat Exchanger and Refrigeration has decided to open its initial public offering for subscription on September 25. The price band for the issue will be announced later this week.