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KRN Heat Exchanger Lists at 118% Premium on NSE: Issue Price ₹220, Listing Price ₹480
October 3, 2024: KRN Heat Exchanger made a remarkable debut on the National Stock Exchange (NSE) today, listing at a substantial 118% premium. The company’s shares opened at ₹480 per share, far exceeding the issue price of ₹220, reflecting strong investor demand and confidence in the company’s future prospects.
The Initial Public Offering (IPO) of KRN Heat Exchanger, a prominent player in the thermal technology sector, saw an overwhelming response, with the issue being subscribed multiple times. The company’s advanced solutions for energy efficiency and sustainable industrial processes attracted both institutional and retail investors.
Industry experts attribute the impressive listing performance to KRN Heat Exchanger’s robust fundamentals, innovative product offerings, and the growing focus on energy-efficient technologies in India and globally. The company’s expertise in heat exchange systems, crucial for various industries, positions it well for long-term growth.
Investors who were allocated shares in the IPO at the issue price of ₹220 are now sitting on substantial gains, with the stock trading at ₹480 in early market hours. Analysts predict that the stock may continue its strong performance in the near term, driven by positive market sentiment and the company’s strategic growth plans.
Disclaimer: Market conditions are subject to change, and investors are advised to exercise caution.
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