Business News : In the IPO craze in the stock market, investors are getting many opportunities to earn big money. Recently, Bajaj Group's IPO doubled the investors' money as soon as it was listed. Now another multibagger IPO has come in the line of Bajaj, which is indicating doubling the money with the listing in the same way.

Such was the IPO of KRN Heat Exchanger

This is the story of the IPO of KRN Heat Exchanger and Refrigeration, a company that manufactures fin and tube type heat exchangers. The company manufactures heat exchangers and coils made of aluminium and copper used in air conditioning and refrigeration. This IPO was open for subscription from 25 September to 27 September. The price band for the IPO was fixed at Rs 209 to Rs 220 and there were 65 shares in one lot.

Shares will be listed on October 3

Only fresh shares were issued in this IPO of Rs 342 crore. Half of the IPO was reserved for QIBs. 35 per cent was reserved for retail investors and 15 per cent for non-institutional investors. The company will finalise the allotment of shares on September 30, while shares can be credited to the demat accounts of successful bidders by October 1. Shares of KRN Heat Exchanger will be listed on the stock exchange on October 3.

The listing could be so explosive

Investors were rushing to buy this IPO. According to the data of Chittorgarh.com, this IPO was subscribed more than 213 times overall. Even before listing, the IPO has created a stir in the grey market. Currently its GMP is at Rs 275. That is, its grey market premium is currently 125 percent higher than the upper price band. In this regard, the company's share can be listed at Rs 495. Meaning investors can get returns like Bajaj Housing Finance. Bajaj Housing Finance was listed with a gain of 114 percent.

Disclaimer: The information provided here is for information purposes only. It is important to note here that investing in the market is subject to market risks. Always seek expert advice before investing as an investor. dainiktimes.in never advises anyone to invest money here.