By:- B.T Team

Image Credit:- Google

KRN Heat Exchanger Share Price

The IPO was oversubscribed by over 300 times, a rare feat in the Indian IPO market.

Incredible Subscription Demand:

KRN Heat Exchanger shares debuted at ₹480 on the NSE, a whopping 118% premium over the IPO price of ₹220!

118% Premium Listing:

Niche Market Leader:

KRN Heat Exchanger specializes in industrial heat exchangers, a critical but often overlooked component in various industries.

Energy Efficiency Focus:

The company’s products are highly valued in industries pushing for greener, energy-efficient technologies.

KRN Heat Exchanger has a growing international customer base, making it a strong global player in the heat exchanger market.

Global Clientele:

Family-Owned Legacy:

The company is a third-generation, family-run business, maintaining deep ties to its founding values.

Low Debt Levels:

KRN Heat Exchanger stands out for its minimal debt, which contributed to investor confidence.

Part of a Larger Trend:

KRN's IPO success is part of a larger trend of industrial sector IPOs that have outperformed expectations in 2024.

Unusual Pricing Strategy:

The IPO price of ₹220 was deliberately kept conservative, making the 118% listing gain all the more impressive.

Eco-Friendly Solutions:

KRN’s focus on eco-friendly industrial solutions aligns with global sustainability trends.

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