This attracted investors including the Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, multiple funds managed by WhiteOak Capital, Bank of India funds, ValueQuest India Inflexion Fund and VQ Fastercap Fund. According to the company's stock exchange filings, 3.3 million equity shares were allotted to eligible qualified institutional buyers at an issue price of Rs 1,060 per share, aggregating to Rs 349.99 crore. The issue opened on May 26 and closed on June 1. The company had recently secured board approval to raise up to Rs 500 crore through the QIP route.As per the filing, VQ Fastercap Fund emerged as the largest subscriber, accounting for 25.72% of the issue. Funds managed by WhiteOak Capital collectively subscribed to 17.57% of the shares, followed by ValueQuest India Inflexion Fund at 14.57% and Ashoka WhiteOak India Opportunities Fund at 13.99%. The Abu Dhabi Investment Authority accounted for 7.15% of the issue, while Bank of India funds together subscribed to 7.14%. Subhkam Ventures I Pvt Ltd acquired 5.71% of the shares offered.KRN Heat has a presence across HVAC, data centres, industrial cooling, transportation applications and refrigeration. The company also entered the bus air-conditioning segment last year and is expanding exports to markets including the UAE, the US and Europe.For FY26, KRN reported a 57% year-on-year increase in standalone total income to Rs 689.9 crore. EBITDA rose 19% year-on-year to Rs 84.8 crore, while net profit grew 42% year-on-year to Rs 71.3 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)