After receiving an overwhelming response from investors, the share allotment for the KRN Heat Exchanger and Refrigeration IPO is expected to be finalised on September 30. The highly subscribed IPO received 211.68 times more bids than the available shares. Investors can check their allotment status through various sources, including the BSE, NSE, and the registrar's portal. The allotment announcement holds significant importance for those who applied for the IPO and are eagerly waiting for an update on their investment.
KRN Heat Exchanger and Refrigeration IPO Allotment Status Update
Background
KRN Heat Exchanger and Refrigeration, a leading manufacturer of heat exchangers and refrigeration systems, launched its initial public offering (IPO) on September 22, 2023. The IPO received an overwhelming response from investors, with bids 211.68 times higher than the available shares.
Allotment Status Announcement
The share allotment for the KRN Heat Exchanger and Refrigeration IPO is expected to be finalized on September 30, 2023. Investors can check their allotment status through the following channels:
Importance of Allotment Announcement
The allotment announcement is crucial for investors who applied for the IPO as it determines the number of shares they have been allotted. This information allows investors to calculate their potential profit or loss.
Top 5 FAQs and Answers
Q: How can I check my KRN Heat Exchanger and Refrigeration IPO allotment status? A: You can check your allotment status through the BSE, NSE, or registrar's portal using your PAN number or application number.
Q: What happens if I have been allotted shares in the IPO? A: If you have been allotted shares, the funds for the allotted shares will be deducted from your designated bank account.
Q: What is the listing date for KRN Heat Exchanger and Refrigeration shares? A: The listing date for KRN Heat Exchanger and Refrigeration shares has not yet been announced.
Q: What are the past precedents for oversubscribed IPOs? A: Historically, oversubscribed IPOs have often performed well after listing. However, past performance is not indicative of future results.
Q: Is it possible to apply for future IPOs through the registrar's portal? A: Yes, some registrars offer online platforms for applying for future IPOs. Check the registrar's website for details.
The Pune Regional Transport Office (RTO) flying squad has been conducting inspections on school vehicles and has found that nearly 35% of the vehicles were not compliant with transport norms. Asaram Bapu, a controversial religious leader serving a life sentence for rape, was recently granted a 7-day parole to undergo treatment at a hospital between Mumbai and Pune. According to the hospital authorities, he has since completed his treatment and was discharged on Monday.
Savitri Jindal, the head of the Jindal Group, has won the Hisar Assembly seat for the third time as an independent candidate, defeating her BJP and Congress rivals. Her immense personal wealth, estimated at Rs 3.65 lakh crore, makes her not only the richest woman in India but also the fifth-richest individual in the country. Her leadership of the Jindal Group has earned her international recognition and she is now thanking the people of Hisar for their continued support.
Ratan Tata, the renowned industrialist and philanthropist, took to social media to clarify rumors of his hospitalization. He thanked the public for their concern but urged them to refrain from spreading misinformation, as he is only undergoing regular medical checkups. The 83-year-old business tycoon is known for his simplicity and humility and has played a crucial role in the growth and restructuring of Tata Group.
In a move to protect its domestic EV market, the US government has decided to impose tariffs on Chinese-made electric vehicles starting from next month. This decision comes as a result of concerns about unfair trade practices and the need to support local manufacturers. The tariffs, which could be as high as 45%, will be in effect for five years. This is a clear sign of the tense relations between the US and China, particularly in the automotive industry which plays a significant role in both economies.
The Securities and Exchange Board of India (Sebi) has implemented a new rule for credit of bonus shares in demat accounts of investors, to be in force from October 01, 2024. NBCC's bonus share issue's record date is Monday, October 07, 2024, with the Ex Bonus Date also on the same day. However, since all stocks in India now follow T+1 settlement cycle, only those investors who have bought NBCC shares latest by Friday, October 04, 2024 will be eligible for the bonus issue. Stay updated and follow News24 for the latest news and updates on the NBCC bonus share issue.
Business tycoon Ratan Tata breaks his silence and addresses rumors surrounding his health and hospitalization. He assures the public that there is no cause for concern and explains that he is undergoing medical check-ups due to his age and related conditions. This news comes as a relief to his fans and followers, who have been worried about his well-being.
After reports of Ratan Tata's hospitalisation, the former chairman of Tata Sons took to social media to clarify and dispel any concerns about his health. In his statement, he assured the public that the rumours were untrue and that he was undergoing medical check-ups for age-related conditions. Known for his contributions to business, society, and philanthropy, Tata remains in good spirits and continues to oversee the Tata Trusts.
The ECOWAS Commission, in collaboration with the African Development Bank, will be implementing a US$15 million bridge project to connect Liberia and Côte d'Ivoire. The project aims to promote cross-border trade and ease difficulties in movement along the West African region. The commissioning ceremony took place at the Plulo Border and brought together representatives from both governments and regional stakeholders. The African Development Bank will also finance a US$258 million bridge over the Cavalla River, signaling a commitment to solidifying regional trade and integration.
The Indian Navy has announced a recruitment drive for its executive and medical branches for the SSR (Med Asst) in November 2024 batch. Interested and eligible candidates can apply online before September 17, 2024. The detailed advertisement and application process can be found on the official Indian Navy website. Candidates should have qualified 10+2 examination with specified subjects and will receive a stipend during initial training, followed by placement in Level 3 of Defence Pay Matrix upon successful completion. Stay updated with the latest job notifications, preparations and results by downloading the Jagran Josh Sarkari Naukri App.
A heated debate erupted between Ola Electric founder Bhavish Aggarwal and comedian Kunal Kamra on Twitter regarding the service quality of Ola's electric scooters. Kamra criticized the company for neglecting the complaints of consumers, while Aggarwal fired back by challenging Kamra to come and help improve the service network. The exchange quickly turned personal, with Kamra calling Aggarwal arrogant and Aggarwal mocking Kamra's comedy career. Many Ola Electric customers also joined in, expressing their dissatisfaction and urging Aggarwal to address their concerns.