Outcome of the Fund-Raising Committee Meeting
KRN · price
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KRN Heat Exchanger And Refrigeration Ltd has opened a Qualified Institutions Placement (QIP) of equity shares with face value of ₹10 each. The Fund-Raising Committee has fixed the floor price at ₹1,114.05 per share, calculated as per SEBI ICDR Regulations based on the relevant date of May 26, 2026. The company may offer a discount of up to 5% on the floor price, bringing the minimum issue price down to approximately ₹1,058.35 per share. The preliminary placement document has been approved and filed. Trading window for designated persons has been closed from May 26, 2026 till 48 hours after the issue price is determined.
QIP will dilute existing shareholder equity but may provide growth capital. The potential 5% discount suggests flexibility to attract institutional buyers. The relatively high floor price indicates strong investor interest.