KRN Heat Exchanger IPO Subscription.

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KRN Heat Exchanger: Category QIB offered 31,07,455 shares, applied 78,63,00,710 shares, with a subscription of 253.04x, and total amount raised is 17,298.62 Cr. Category HNI offered 23,87,215 shares, applied 1,02,65,67,230 shares, with a subscription of 430.03x, and total amount raised is 22,584.48 Cr. Category BHNI (10L+) offered 15,91,460 shares, applied 70,87,01,695 shares, with a subscription of 445.32x, and total amount raised is 15,591.44 Cr. Category SHNI (2L - 10L) offered 7,95,755 shares, applied 31,78,65,535 shares, with a subscription of 399.45x, and total amount raised is 6,993.04 Cr. Category Retail offered 54,78,330 shares, applied 52,75,78,870 shares, with a subscription of 96.30x, and total amount raised is 11,606.74 Cr. Category Total offered 1,09,73,000 shares, applied 2,34,04,46,810 shares, with a subscription of 213.29x, and total amount raised is 51,489.83 Cr.

KRN Heat Exchanger: For BHNI (10L+), 1,749 shares were reserved, 1,43,226 were applied, and the subscription was 81.89x. For SHNI (2L - 10L), 874 shares were reserved, 3,26,369 were applied, and the subscription was 373.42x. For Retail, 84,590 shares were reserved, 57,73,097 were applied, and the subscription was 68.25x. Total applications received were 62,42,692.

CategoryOfferedAppliedTimesTotal Amount (Rs Cr.)
QIB31,07,45578,63,00,710253.04x17,298.62
HNI23,87,2151,02,65,67,230430.03x22,584.48
BHNI (10L+)15,91,46070,87,01,695445.32x15,591.44
SHNI (2L - 10L)7,95,75531,78,65,535399.45x6,993.04
Retail54,78,33052,75,78,87096.30x11,606.74
Total1,09,73,0002,34,04,46,810213.29x51,489.83

Last Updated : 27 Sep, 2024 05:54:00 PM

CategoryReservedAppliedTimes
BHNI (10L+)1,7491,43,22681.89x
SHNI (2L - 10L)8743,26,369373.42x
Retail84,59057,73,09768.25x

Total Applications: 6242692

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)
    Institutions like banks, mutual funds, insurance companies, and other SEBI-registered entities fall under the QIB category. They typically invest large sums on behalf of clients or schemes.
  • Non-Institutional Investors (NII)
    This group includes high-net-worth individuals (HNIs), NRIs, trusts, and companies that apply for shares worth more than ₹2 lakhs. Unlike QIBs, SEBI registration is not required.

    NII is further split into:

    1. sNII (Applications below ₹10 Lakhs)
      Investors bidding between ₹2 lakhs and ₹10 lakhs fall in the Small NII (sHNI) bracket. One-third of the NII portion is set aside for them.
    2. bNII (Applications above ₹10 Lakhs)
      Investors applying for more than ₹10 lakhs are classified as Big NIIs (bHNI). Two-thirds of the NII shares are allocated to this sub-category.
  • Retail Individual Investors (RII)
    Individuals or NRIs applying for shares up to ₹2 lakhs are considered retail investors and are part of the RII quota.
  • Employee (EMP)
    This section is reserved for eligible employees of the company participating in the IPO.
  • Others
    Includes eligible shareholders or specific investors with a reserved quota as per the IPO policy.

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