KRN Heat Exchanger IPO Details
| IPO Issue Open Date: | 25 September 2024 |
| IPO Issue Close Date: | 27 September 2024 |
| IPO Issue Price Band: | ₹209 to ₹220 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹341.95 Crores | 15,543,000 shares |
| Fresh Issue: | ₹341.95 Crores | 15,543,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
KRN Heat Exchanger IPO Prospectus:
Checkout the KRN Heat Exchanger IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
KRN Heat Exchanger IPO Dates Timeline
| Issue Open Date: | 25 September 2023 |
| Issue Close Date: | 27 September 2023 |
| Basis of Allotment Date: | 30 September 2023 |
| Refunds Initiation: | 1 October 2023 |
| Shares Credit in Demat: | 1 October 2023 |
| IPO Listing Date Detail: | 3 October 2023 |
KRN Heat Exchanger IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 65 shares = ₹14,300 |
| Retail (Max) | 13 lots and 845 shares = ₹185,900 |
| S-HNI (Min) | 14 lots and 910 shares = ₹200,200 |
| B-HNI Minimum | 70 lots and 4,550 shares = ₹1,001,000 |
KRN Heat Exchanger IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹- | ₹- | ₹- | -5% |
Check Live GMP
About KRN Heat Exchanger
KRN Heat Exchanger and Refrigeration Limited manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Heat exchangers manufactured by them are made of non-ferrous metals primarily Copper and Aluminium. Their product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal parts.
They manufacture heat exchangers of various shapes and sizes as per the requirements of the customers and/or demand in the market. The diameter of the heat exchanger tubes they produce ranges from 5MM to 15.88 MM. Their products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration, and process cooling applications. Their products are vital for the performance of cooling appliances and have undergone stringent quality checks. The company adheres to some of the industry’s best-quality product accreditations.
KRN Heat Exchanger IPO Strengths
- To Be Updated Soon
Objects of the IPO Issue
- Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan
- General corporate purposes.
KRN Heat Exchanger Company Financial Report
The company reported revenue of ₹₹313.54 crores in 2024 against ₹249.89 crores in 2023. The company reported a profit of ₹39.07 crores in 2024 against a loss of ₹32.31 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹158.23 | ₹143.26 | ₹10.59 | ₹92.79 |
| 2023 | ₹249.89 | ₹204.39 | ₹32.31 | ₹148.76 |
| 2024 | ₹313.54 | ₹257.81 | ₹39.07 | ₹258.36 |
KRN Heat Exchanger IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 40.86% |
| ROCE: | 31.21% |
| EBITDA Margin: | 18.96% |
| PAT Margin: | 12.67% |
| Debt to equity ratio: | 0.45 |
| Earning Per Share (EPS): | ₹8.69 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.68% |
| Net Asset Value (NAV): | ₹28.53 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | NA |
| NA | NA | NA | NA | NA | NA |
KRN Heat Exchanger IPO Registrar
Bigshare Services Pvt Ltd
S6-2, 6th Floor, Pinnacle Business Park,Next to Ahura Centre, MahakaliCaves Road, Andheri East, Mumbai – 400 093Phone: +91 22 6263 8200Email: ipo@bigshareonline.comWebsite: www.bigshareonline.com
KRN Heat Exchanger IPO Lead Manager
- Holani Consultants Pvt. Ltd.
KRN Heat Exchanger IPO allotment status check on official website. Click on Bigshare Services to get allotment status.
Promoters of KRN Heat Exchanger
- Mr. Santosh Kumar Yadav
- Mrs. Anju Devi
Company Address
KRN Heat Exchanger Limited
Plot No. F – 46, 47, 48, 49 EPIP, RIICO Industrial Area, Neemrana, Alwar Rajasthan-301705, India
Phone: +91 – 9257025440
Email: cs@krnheatexchanger.com
Website: www.krnheatexchanger.com