KRN Heat Exchanger IPO subscribed 58.14 times on second day

KRN Heat Exchanger and Refrigeration Ltd’s IPO garnered significant attention, being subscribed 58.14 times on its second day. Non-institutional investors had the highest subscription at 135.82 times, followed by retail investors at 55.50 times. The company aims to utilize the Rs 342 crore raised for expansion and general corporate purposes.