KRN Heat Exchanger, TechEra Engineering among four IPOs to launch on September 25; check key details

Four initial public offerings (IPOs) will open for subscription on Wednesday, September 25. These include the mainboard IPO of KRN Heat Exchanger and Refrigeration and three SME IPOs: TechEra Engineering, Unilex Colours and Chemicals, and Thinking Hats Entertainment Solutions. The initial share sales will conclude on Friday, September 27.

KRN Heat Exchanger and Refrigeration IPO

The funds raised will be invested in a subsidiary to set up a new manufacturing facility and serve general corporate purposes. Investors can apply for at least 65 shares and in multiples after that.

The share allotment status of the KRN Heat Exchanger IPO is likely to be finalised on September 30. The company's shares will be listed on the BSE and NSE. The tentative listing date is October 3.

TechEra Engineering IPO

The IPO is a fresh issue of 43,77,600 shares. Investors can bid for at least one lot size, consisting of 1,600 shares worth ₹1,20,000.

Techera Engineering designs, manufactures, and supplies precise tooling and components for the aerospace and defence industries. The money generated will be used to fund capital expenditures for the purchase of new machinery, working capital requirements, general corporate purposes, and issue expenses.

Unilex Colours and Chemicals IPO

The proceeds of the issue will be used to meet working capital requirements and serve general corporate purposes.

Thinking Hats Entertainment Solutions IPO

The ₹15.08 crore issue is a fresh issuance of 34.29 lakh shares. The money raised will be used to clear debt, fund working capital and general corporate purposes. This IPO will list on October 3.