KRN Heat Exchanger's IPO opened on September 25 and quickly gained investor interest, being fully subscribed within the first half-hour. The IPO aims to raise ₹342 crore, with shares priced between ₹209-₹220 each.
By 11 AM, the issue was subscribed 4.44 times overall, with the retail segment subscribed 5.05 times. The company raised ₹100.10 crore from anchor investors before the IPO. Shares will list on October 3. Experts suggest subscribing due to strong growth potential in the HVAC market, but only for those with a high-risk appetite.