KRN Heat Exchanger Closes Fund Raise Issue at ₹1,060/Share

KRN Heat Exchanger And Refrigeration Ltd announced the closure of its fund-raising issue on June 1, 2026. The company successfully allocated 33,01,886 equity shares at an issue price of ₹1,060.00 per share, which includes a premium of ₹1,050.00. This price represents a discount of 4.85% to the floor price of ₹1,114.05, determined as per SEBI ICDR Regulations. The Fund-Raising Committee approved the allocation and finalized the placement document and confirmation of allocation notes for eligible Qualified Institutional Buyers (QIBs). The meeting concluded that this action complies with SEBI regulations.