Issue price for the QIP has been fixed as ₹1,060 per share. That is a jump of nearly 400% from the company’s issue price of ₹220 per share. The company had made its stock market debut in October 2024.
Here’s a look at the list of allottees for the QIP:
| Firm | Total Shares Allotted | % of Total Issue Size |
| WhiteOak Capital | 1,042,169 | 31.56 |
| VQ FasterCap | 849,188 | 25.72 |
| ValueQuest | 481,000 | 14.57 |
| Abu Dhabi Investment Authority | 236,000 | 7.15 |
| Bank of India | 235,849 | 7.14 |
| Subhkam Ventures | 188,681 | 5.71 |
On completion of the allotment of shares, the total paid-up equity capital of KRN Heat will increase from ₹62.15 crore, comprising of 6.21 crore equity shares, to ₹65.45 crore, consisting of 6.54 crore equity shares. Each share carries a face value of ₹10 each.
Among those issued shares by the company, the White Oak Special Opportunities Fund held a 1.67% stake in the KRN Heat at the end of the March quarter, while the VQ Fastercap Fund had a 1.17% stake.The Abu Dhabi Investment Authority does not have any prior stake in the company.
KRN Heat also has over 81,000 small retail investors, or those with authorized share capital of up to ₹2 lakh, having a 10.58% stake in the company at the end of the March quarter.
Investor Mukul Agrawal also owns a 1.6% stake as of March 31.
Shares of KRN Heat Exchanger ended in a 5% lower circuit on Monday at ₹1,052. The stock is down 25% from its 52-week high of ₹1,405.
