KRN Heat Exchanger & Refrigeration IPO Subscription Status
KRN Heat Exchanger & Refrigeration IPO was subscribed 213.41 times when bidding closed on 27 Sep 2024: QIB 253.04x, NII 430.54x, Retail 96.74x.
The KRN Heat Exchanger & Refrigeration IPO has been subscribed 213.41x times overall. Retail investors have shown interest with bids for 96.74x the shares available. The Non-Institutional Investor (NII) category has been subscribed 430.54x. Within NII, Big HNI (B-HNI) subscribed 445.31x and Small HNI (S-HNI) subscribed 401.01x. Qualified Institutional Buyers (QIBs) have subscribed 253.04x. Data last updated on 10 Nov, 11:18 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Sep, 2024 and closes on 27 Sep, 2024. The shares are expected to list on stock exchanges on 03 Oct, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 253.04x |
| NII | - of - - | 430.54x |
bHNI — bid amount above ₹10 Lakh |
- - | 445.31 |
sHNI — bid amount ₹2–10 Lakh |
- - | 401.01 |
| Retail | - of - - | 96.74x |
| TOTAL | - - | 213.41x |
KRN Heat Exchanger & Refrigeration IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 97 applicants will be successful.
Market Sentiment
Strong grey market premium of 105% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 253.04x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
27 Sep 2024
Day 3 |
213.41x | ▼ | |
|
QIB253.04x
BHNI445.31x
SHNI401.01x
Retail96.74x
|
|||
|
26 Sep 2024
Day 2 |
58.17x | ▼ | |
|
QIB3.16x
BHNI111.74x
SHNI184.06x
Retail55.53x
|
|||
|
25 Sep 2024
Day 1 |
24.09x | ▼ | |
|
QIB1.44x
BHNI43.16x
SHNI75.32x
Retail23.96x
|
|||
KRN Heat Exchanger & Refrigeration IPO dates
From the bidding window to listing. Today is 11 November.
- Open 25 Sep 2024
- Close 27 Sep 2024
- Allotment 30 Sep 2024
- Refund/credit 01 Oct 2024
- Listing 03 Oct 2024
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of KRN Heat Exchanger & Refrigeration IPO?
As of IPO close date (27 Sep, 2024), the KRN Heat Exchanger & Refrigeration IPO is subscribed 213.41x times. Retail category is 96.74x, and NII is 430.54x subscribed.
When is the allotment date for KRN Heat Exchanger & Refrigeration IPO?
The allotment for KRN Heat Exchanger & Refrigeration IPO is expected to be finalized on 30 September, 2024.
What is the GMP of KRN Heat Exchanger & Refrigeration?
The Grey Market Premium (GMP) for KRN Heat Exchanger & Refrigeration is currently ₹230, indicating a potential listing gain of 105%.
When will KRN Heat Exchanger & Refrigeration IPO list on the stock market?
KRN Heat Exchanger & Refrigeration is scheduled to list on BSE and NSE on 03 October, 2024.
What are the chances of getting allotment in KRN Heat Exchanger & Refrigeration IPO?
The retail category is oversubscribed at 96.74x, meaning allotment is by lottery. Statistically, approximately 1 in 97 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 253.04x mean for KRN Heat Exchanger & Refrigeration IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 253.04x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check KRN Heat Exchanger & Refrigeration IPO allotment status?
After the allotment date (30 Sep, 2024), you can check your KRN Heat Exchanger & Refrigeration IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore KRN Heat Exchanger & Refrigeration IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
