KRN Heat Exchanger IPO fully subscribed within minutes of opening for share sale

September 25, 2024

KRN Heat Exchanger and Refrigeration Ltd’s IPO was fully subscribed within minutes of opening. The share sale received bids for over 3.40 crore shares against 1.09 crore on offer, translating to 3.10 times subscription. The IPO aims to raise Rs 342 crore, with funds allocated for a new manufacturing facility and general corporate purposes.

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