KRN Heat Exchanger IPO Day 1: GMP, subscription status, review, other key details

KRN Heat Exchanger IPO: The initial public offering of heat exchanger tubes manufacturer KRN Heat Exchanger opened for subscription on Wednesday, September 25, with an aim to raise about ₹342 crore. Ahead of the IPO, the company raised ₹100.10 crore from 10 anchor investors. The company allocated 45.5 lakh equity shares to anchor investors at a price of ₹220 per shares. The book-built IPO, which is entirely a fresh issue of 1.55 crore shares and has no offer for sale (OFS) component, will conclude on Friday, September 27.