Tag: IPO2024

KNR Heat Exchanger and Refrigeration Ltd, a leading player in the HVAC and refrigeration industry, is launching its IPO from September 25 to 27, 2024. The company specializes in manufacturing heat exchangers, condenser coils, and evaporator coils, catering to both domestic and international markets, including countries like the USA, UK, and UAE. The IPO is priced between ₹209 and ₹220 per share, with a lot size of 68 shares. The funds raised will be used to expand operations, repay debt, and support working capital​.

Manba Finance Ltd's highly anticipated Initial Public Offering (IPO) opened on September 23, 2024, with a price band of ₹114-120 per share. The IPO, aiming to raise ₹150.84 crore, was met with overwhelming demand, being oversubscribed by 23.79 times on day one. Investors showed strong confidence despite market volatility, further emphasized by a 50% grey market premium on the shares. The proceeds will primarily bolster the company’s lending capabilities, particularly in underserved regions, as it expands its portfolio of vehicle and small business loans. The IPO closes on September 25, 2024, with shares expected to list on major exchanges by September 30​