{"id":142587,"date":"2024-09-26T16:16:52","date_gmt":"2024-09-26T16:16:52","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/26\/krn-heat-exchanger-ipo-subscribed-58-14-times-on-second-day-times-of-india\/"},"modified":"2024-09-26T16:16:52","modified_gmt":"2024-09-26T16:16:52","slug":"krn-heat-exchanger-ipo-subscribed-58-14-times-on-second-day-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/26\/krn-heat-exchanger-ipo-subscribed-58-14-times-on-second-day-times-of-india\/","title":{"rendered":"KRN Heat Exchanger IPO subscribed 58.14 times on second day &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-113707956,imgsize-463982,width-400,resizemode-4\/113707956.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"KRN Heat Exchanger IPO subscribed 58.14 times on second day &#8211; Times of India\" title=\"KRN Heat Exchanger IPO subscribed 58.14 times on second day &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: The <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/ipo\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">initial public offering<\/a> (<a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/ipo\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">IPO<\/a>) of <!-- -->KRN Heat Exchanger<!-- --> and Refrigeration Ltd received a strong response on the second day of the share sale, with the issue being subscribed 58.14 times on Thursday. <br \/>The IPO received bids for 63,91,84,780 shares against the total offer of 1,09,93,000 shares, according to data from the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/nse\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">National Stock Exchange<\/a>.<br \/>The non-institutional investors&#8217; category is subscibed 135.82 times as it witnessed the highest demand while Retail Individual Investors (RIIs) category was subscribed 55.50 times.Meanwhile, the Qualified Institutional Buyers (QIBs) category was subscribed 3.16 times.<br \/>The Rs 342-crore IPO, with a price band of Rs 209-220 per share, consists of a fresh issue of 1,55,43,000 equity shares. The company plans to utilize Rs 242.5 crore for investment in its wholly-owned subsidiary, KRN HVAC Products, to set up a new manufacturing facility in Neemrana, Alwar, <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/rajasthan\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Rajasthan<\/a>. The remaining funds will be used for general corporate purposes.<br \/>The IPO was fully subscribed within minutes of opening on the first day and closed with a subscription of 23.73 times. Prior to the public offering, the company had raised Rs 100 crore from anchor investors on Tuesday.<br \/>KRN Heat Exchanger and Refrigeration Ltd, based in Rajasthan, specializes in the production of fin and tube-type heat exchangers for the heat ventilation air conditioning and refrigeration industry. The company&#8217;s entire manufacturing operations are conducted at its consolidated facility, which comprises two industrial plots located in the RIICO Industrial Area, Neemrana, Rajasthan.<br \/>Holani Consultants is acting as the sole book-running lead manager for the company&#8217;s public issue.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The IPO received bids for 63,91,84,780 shares against the total offer of 1,09,93,000 shares, according to data from the National [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":142588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-113707956,imgsize-463982,width-400,resizemode-4\/113707956.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,758,109383,1029,273,9783,2799,109382,109379,40651,5850,36393,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/142587"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=142587"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/142587\/revisions"}],"predecessor-version":[{"id":142589,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/142587\/revisions\/142589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/142588"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=142587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=142587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=142587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}