KRN Heat Exchanger Listing: Shares of KRN Heat Exchanger and Refrigerator have been listed on BSE and NSE today and have given more than double profits to their investors. In the stock market, KRN Heat Exchanger is listed on BSE at Rs 470 per share and this has been the IPO listing at more than 100 percent i.e. more than double the price. The price of shares in its IPO was at Rs 220 per share and an excellent listing was already predicted through GMP.
How was the listing of KRN Heat Exchanger on NSE?
KRN Heat Exchanger has been listed on NSE at Rs 480 per share. It has had bumper listing on both the exchanges. At the time of listing, its officers and other officials were also present at the stock exchange.
How much profit do investors get on each lot?
If we look at the profit on BSE and NSE separately on one lot of 65 shares, then the profit on BSE is Rs 16250 per lot. Apart from this, investors have got a profit of Rs 16900 per lot on NSE.
How huge profits were made at the IPO price of Rs 220
The issue price of KRN Heat Exchanger shares in the IPO was Rs 220 per share and on its listing, investors got a profit of Rs 250 and Rs 260 per share as soon as it was listed. Due to listing at Rs 470 (Rs 470-220 = Rs 250) on BSE and listing at Rs 480-220 = Rs 260, such super-duper profits have been achieved.
KRN IPO subscription
The subscription of KRN IPO had closed at 213.41 times and due to its bumper subscription and high GMP, there were already indications of its explosive listing. Its last premium (GMP) in the gray market was running at Rs 230, after which its listing was expected to be at Rs 450 per share. However, the actual listing has earned more profits than investors had expected.
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