KRN Heat Exchanger IPO: Subscribe or Skip? - NEW IPO - Last Date: September 27, 2024
Source - 1 - livemint.com , 2 - economictimes.indiatimes.com , 3 - ndtvprofit.com , 4 - chittorgarh.com - KRN Heat Exchanger IPO opens for bidding: Subscribe or skip? (msn.com)
“Hello everyone! Welcome back to our channel. Today, we’re diving into the latest buzz in the stock market - the KRN Heat Exchanger IPO. Should you subscribe or skip? Let’s find out!”
“About KRN Heat Exchanger”
“KRN Heat Exchanger and Refrigeration Ltd is a company that specializes in producing fin and tube-type heat exchangers. They manufacture heat exchangers with copper and aluminum fins and copper tubes, as well as water coils, condenser coils, and evaporator coils.”
“IPO Details”
“The IPO opened for bidding on Wednesday and aims to raise Rs 341.95 crore. It’s entirely a fresh issue of 1.55 crore shares and will be open for subscription until September 27.”
“Price Band and Investment”
“The price band for the IPO is set between Rs 209 and Rs 220 per share. Retail investors need to apply for a minimum of 65 shares, which requires an investment of Rs 14,300. For small non-institutional investors, the minimum application size is 14 lots, totaling Rs 200,200. For large non-institutional investors, the minimum is 70 lots, amounting to Rs 1,001,000.”
“Should You Subscribe?”
“So, should you subscribe? According to Swastika Investmart Ltd, KRN Heat Exchanger is an industry leader with international quality standards, quick turnaround time, strong client relationships, and steady growth in revenue and profitability. The IPO’s valuation is considered fair, and given its strong fundamentals and potential for listing gains, investors may consider subscribing for both listing gains and long-term investment.”
“Use of Proceeds”
“The proceeds from the IPO will be used to invest in the company’s wholly-owned subsidiary, KRN HVAC Products Pvt Ltd, and for general corporate purposes.”
“Grey Market Premium”
“The latest grey market premium for the KRN Heat Exchanger IPO is Rs 239, suggesting an expected gain of 108.64% per share. The allotment is set to be finalized on September 30, and the shares are expected to be listed on both BSE and NSE on October 3.”
“Disclaimer”
“Remember, the views and opinions expressed in this video are those of the experts and do not reflect our own. Always consult a qualified broker or financial advisor before making any investment decisions.”
“Thanks for watching! If you found this video helpful, don’t forget to like, share, and subscribe for more updates. See you in the next video!”
Негізгі бет KRN Heat Exchanger IPO: Subscribe or Skip? - NEW IPO - Last Date: September 27, 2024
Пікірлер