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KRN Heat Exchanger and Refrigeration Limited IPO Initial Public Offering Details

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- qualified institutional buyers (QIBs) are large, sophisticated investors, such as mutual funds, insurance companies, pension funds & hedge funds, which are the considered to have the expertise & resources to evaluate investment opportunities and ensuring Standards need to be the met, & their allow retail investors to the purchase the shares at the price below the offering price of the shares.

• Non-Institutional Investors (NII) - Non-institutional investors (NIIs), on the other hand, and generally consist of the individual investors, high net worth individuals “HNIs”, or companies that do not meet financial criteria to be the classified as the QIBs and allowed to participate in IPOs at the same price as retail investors.

NII category has two subcategories:

1. sNII - "sNII" means "small non-institutional investor". This sub-category includes investors who have created shares of ₹2 lakh and ₹10 lakh in IPO.

2. bNII - "bNII" means "large non-institutional investor". This sub-category includes investors who have created shares worth more than Rs. 10 lakh in IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakh in IPOs, aimed at encouraging retail participation in IPOs.

• Employee (EMP)- The employee (EMP) category in an IPO is reserved for employees, directors and associate employees of the issuing company, and the issuing company and the IPO's chief executive officer determine the allocation.

· Others - An eligible group of shareholders or other investors with investments in an IPO.