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KRN Heat Exchanger and Refrigeration Limited allotted equity shares worth ₹350.00 Crore via a Qualified Institutional Placement. The issuance strengthens the company's capital base.
KRN Heat Exchanger successfully raised ₹350.00 Crore through a Qualified Institutions Placement. The company allocated 33,01,886 shares at ₹1,060.00 each to eligible institutional buyers.
KRN Heat Exchanger and Refrigeration Limited launched a Qualified Institutions Placement on May 26, 2026. The floor price is set at ₹1,114.05 per share.
KRN Heat Exchanger confirmed zero deviation in utilizing ₹341.94 Crore raised via IPO. Funds were deployed for subsidiary investment, general corporate purposes, and issue expenses.