By:- B.T Team
Image Credit:- Google
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.
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.