KRN Heat Exchanger raises Rs 350 cr via QIP at Rs 1,060 per share
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 allotted 33.01 lakh equity shares via QIP at Rs 1,060 each, raising about Rs 350 crore. Issue price is at a 4.85% discount to the floor price of Rs 1,114.05. Key allottees include Abu Dhabi Investment Authority (7.15%), VQ Fastercap Fund (25.72%), ValueQuest India Inflexion Fund (14.57%) and Ashoka WhiteOak India Opportunities Fund (13.99%). Paid-up capital rose from Rs 62.16 cr to Rs 65.46 cr.
Dilution of about 5.3%. Marquee investor ADIA participation is positive, but discount pricing may weigh on short-term sentiment.