Business News Desk -KRN Heat Exchanger’s IPO received an excellent response from investors. This composite subscribed more than 214 times. KRN Heat Exchanger and Refrigeration Limited is a company engaged in air conditioning and refrigeration industry. It manufactures heat exchanger equipment such as fins and tubes. KRN Heat’s IPO allotment will take place today, September 30. Its stock market is expected to be held on October 3. However, the allotment status can be known tonight or tomorrow morning. Let us know how you can check whether you have been allotted KRN Heat IPO or not.
KRN Heat GMP
KRN Heat Exchanger & Refrigeration specializes in manufacturing fin and tube-type heat exchanges for the heat ventilation air conditioning and refrigeration (HVAC&R) industry. Its products are mainly made of nonferrous metals such as copper and aluminum. Currently, KRN Heat shares are trading with a GMP of Rs 275 in the gray market. This is 125 percent more than the IPO price.
How is the allocation?
Whenever an IPO is overseen, the allotment is found on the basis of lottery. IPOs are usually overbought, so this process always applies. The entire process of lottery is under the supervision of the Registrar. If you have also applied for KRN Heat IPO, you can check the allotment status from BSE or Registrar website.
How to know on BSE site
You go to BSE site (https://www.bseindia.com/investors/appli_check.aspx).
Equity and debt options will be available in the issue type. You have to choose equity.
After this, select the name of the company i.e. KRN Heat in the issue dropdown.
Then enter the application number or PAN number to check the allotment status.
How to find out through the registrar
KRN is the registrar for the Heat Exchanger IPO BigShare Services.
Visit the site of BigShare Services (https://ipo.bigshareonline.com/ipo_status.html).
After this select the option of KRN Heat Exchanger IPO
After entering the PAN details there, click on search to find out the allotment.
