KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding Outcome of Committee Meeting held on May 26, 2026.
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KRN Heat Exchanger and Refrigeration Limited's Fund-Raising Committee met on May 26, 2026 and authorized the opening of a Qualified Institutions Placement (QIP). The committee fixed the floor price at ₹1,114.05 per equity share based on the pricing formula under SEBI ICDR Regulations, with the relevant date set as May 26, 2026. The company may offer a discount of up to 5% on the floor price. The preliminary placement document was also approved. The trading window for designated persons has been closed from May 26, 2026 until 48 hours after the issue price is determined.
This QIP announcement signals the company is raising capital from qualified institutional buyers. The floor price of ₹1,114.05 per share represents the minimum issue price, with potential dilution for existing shareholders. The 5% discount option provides flexibility in pricing to attract investors.