The KRN Heat Exchanger IPO has garnered significant attention in the market, with investors keenly watching its Grey Market Premium (GMP) trends. This page provides real-time updates on the KRN Heat Exchanger IPO GMP, along with key insights into how these values might influence your investment decisions.
What is KRN Heat Exchanger IPO GMP?
The Grey Market Premium (GMP) represents the price at which IPO shares are traded in the unofficial market before they are listed on the stock exchange. For the KRN Heat Exchanger IPO, the GMP reflects the demand and perceived value of the shares among investors. It is an important indicator for potential investors to gauge market sentiment.
KRN Heat Exchanger Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|---|
| 23-09-2024 | 220.00 | ₹240 | 11900/166600 | ₹460 (109.09%) |
| 22-09-2024 | 220.00 | ₹223 | 11000/154000 | ₹443 (101.36%) |
| 21-09-2024 | 220.00 | ₹223 | 11000/154000 | ₹443 (101.36%) |
| 20-09-2024 | 220.00 | ₹223 | 11000/154000 | ₹443 (101.36%) |
| 19-09-2024 | NA | ₹225 | — | ₹225 (%) |
| 18-09-2024 | NA | ₹225 | — | ₹225 (%) |
| 17-09-2024 | NA | ₹225 | — | ₹225 (%) |
| 16-09-2024 | NA | ₹215 | — | ₹215 (%) |
KRN Heat Exchanger IPO Kostak Rates
Kostak rates refer to the premium an investor receives for selling their IPO application in the grey market. For the KRN Heat Exchanger IPO, the latest Kostak rate is [Kostak Rate Value], which indicates the premium value for applications before allotment.
KRN Heat Exchanger IPO Details
| IPO Issue Opening Date: | 25th Sep 2024 |
| IPO Issue Closing Date: | 27th Sep 2024 |
| IPO Issue Price: | ₹209.00-220.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹341.95 Cr |
| Fresh Issue: | ₹341.95 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.39% |
| Promoter Holding Post IPO: |
About the Company – KRN Heat Exchanger
Founded in August 2017, KRN Heat Exchanger and Refrigeration Limited specializes in manufacturing fin and tube heat exchangers for the HVAC and refrigeration industries. The company produces heat exchangers in a variety of shapes and sizes, tailored to meet specific customer needs and market demands, with tube diameters ranging from 5 mm to 15.88 mm.
KRN’s products are critical to the efficiency and reliability of cooling systems and are subjected to rigorous quality control tests. The company has earned some of the highest product approvals in the industry, reflecting its dedication to excellence.
With a broad customer base across India and internationally, KRN serves respected clients such as Daikin Air Conditioning India Private Limited, Schneider Electric IT Business India Private Limited, Kirloskar Chillers Private Limited, Blue Star Limited, Climaventa Climate Technologies Private Limited, and Frigel Intelligent Cooling Systems India Private Limited. These partnerships highlight KRN’s commitment to delivering top-notch products and services.
To further grow its business and capitalize on forward integration, KRN has established a wholly-owned subsidiary, KRN HVAC Products Private Limited, to expand its portfolio with value-added products.
FAQs’ of KRN Heat Exchanger IPO GMP Today:
1. What is the Grey Market Premium (GMP) for the KRN Heat Exchanger IPO?
The Grey Market Premium (GMP) for the KRN Heat Exchanger IPO refers to the premium amount at which the shares of KRN Heat Exchanger are being traded in the grey market before the official listing on the stock exchange. The GMP indicates investor sentiment and can provide a sense of potential listing gains.
2. Where can I find the latest GMP for the KRN Heat Exchanger IPO?
You can find the latest updates on the GMP for the KRN Heat Exchanger IPO on financial news websites, IPO-related blogs, or dedicated IPO GMP tracking platforms. Websites like [Your Website] also provide real-time GMP updates.
3. How is the KRN Heat Exchanger IPO GMP calculated?
The GMP is calculated based on the difference between the IPO issue price and the price at which shares are traded in the grey market. For example, if the issue price is ₹100 per share and the GMP is ₹30, the grey market is valuing the shares at ₹130.
4. Does a higher GMP guarantee listing gains?
A higher GMP often indicates positive market sentiment, but it does not guarantee listing gains. Several factors, including market conditions, company performance, and investor demand, influence the actual listing price.
5. Can the KRN Heat Exchanger IPO GMP change before listing?
Yes, the GMP can fluctuate frequently based on market sentiment, demand, and other external factors. It’s advisable to monitor the GMP regularly if you are considering participating in the IPO.
6. Is trading in the grey market legal?
While the grey market operates unofficially, it is not illegal. However, it is not regulated by any official stock exchange, and transactions in the grey market carry risks that official stock market transactions do not.
7. Should I rely on GMP for making investment decisions?
While GMP can provide insights into market sentiment, it should not be the sole factor in making investment decisions. It’s essential to consider the company’s fundamentals, financial health, and long-term growth potential.
8. What impact does the GMP have on the IPO listing price?
A strong GMP can be an indicator of potential listing gains, but it’s important to remember that the actual listing price is determined by several factors, including overall market conditions and investor demand on the listing day.
9. Where can I trade in the grey market for KRN Heat Exchanger IPO shares?
Grey market trading is typically conducted through brokers or dealers who specialize in grey market transactions. It’s important to proceed with caution and understand the risks involved before participating in grey market trades.
10. What are the risks associated with trading based on GMP?
Trading based on GMP can be risky due to the volatility and unregulated nature of the grey market. Prices can change rapidly, and there is no official oversight, which means there is a higher risk of fraud or financial loss.
