KRN Heat Exchanger closes QIP at Rs 1,060 per share with 4.85 percent discount
KRN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
KRN Heat Exchanger closed its qualified institutions placement on June 1, 2026, allotting about 33.02 lakh equity shares to qualified institutional buyers at Rs 1,060 per share. The price includes a Rs 1,050 premium over the Rs 10 face value and was fixed at a 4.85 percent discount to the floor price of Rs 1,114.05. Total issue size works out to about Rs 350 crore.
Equity dilution at 4.85 percent below floor price; around Rs 350 crore raised. Near-term share supply may pressure the stock.