KRN Heat Exchanger IPO Details
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹209 to ₹220 Per Share |
| Issue Size: | Approx ₹341.5 Crores |
| Fresh Issue: | Approx ₹341.5 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
KRN Heat Exchanger IPO IPO Market Lot
The KRN Heat Exchanger IPO minimum market lot is 65 shares with ₹14,300 application amount. The retail investors can apply up-to 13 lots with 845 shares or ₹185,900 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 65 | ₹14,300 |
| Retail Maximum | 13 | 845 | ₹185,900 |
| S-HNI Minimum | 14 | 910 | ₹200,200 |
| B-HNI Minimum | 70 | 4,550 | ₹10,01,000 |
KRN Heat Exchanger IPO Dates
The KRN Heat Exchanger IPO date is September 25 and the close date is September 27. The KRN Heat Exchanger IPO allotment will be finalized on September 30 and the IPO listing on October 3.
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Basis of Allotment: | September 30, 2024 |
| Refunds: | October 1, 2024 |
| Credit to Demat Account: | October 1, 2024 |
| IPO Listing Date: | October 3, 2024 |
Promoters of KRN Heat Exchanger IPO
The promoters of the company are Mr. Santosh Kumar Yadav and Mrs. Anju Devi.
About KRN Heat Exchanger IPO
KRN Heat Exchanger and Refrigeration Limited Established in 2017 which is one of the leading manufacturers & exporters of copper/Aluminium fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”).
The Company’s product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts.
This company believes that we are committed to provide excellent solutions to our customers, offering customized products that align with international quality standards.
Company export 33% of the it’s total Production share to the worldwide.
Company Financial Report
The company reported revenue of ₹313.54 crores in 2024 against ₹249.89 crore in 2023. The company reported profit of ₹39.07 crores in 2024 against profit of ₹32.31 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 (Standalone) | ₹158.23 | ₹143.26 | ₹10.59 | ₹92.79 |
| 2023 (Standalone) | ₹249.89 | ₹204.39 | ₹32.31 | ₹148.76 |
| 2024 (Consolidated) | ₹313.54 | ₹257.81 | ₹39.07 | ₹258.36 |
KRN Heat Exchanger IPO Valuation – FY2024
Check KRN Heat Exchanger IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Objects of the Issue
- Investment in our wholly owned subsidiary, KRN HVAC Products Private Limited for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”); and
- General corporate purposes
KRN Heat Exchanger IPO Review
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
KRN Heat Exchanger IPO Registrar
Bigshare Services Pvt Ltd
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Holani Consultants Pvt. Ltd.
Company Address
KRN Heat Exchanger IPO Limited
Plot No. F – 46, 47, 48, 49 EPIP, RIICO Industrial Area,
Neemrana, Alwar Rajasthan-301705, India
Phone: +91 – 9257025440
Email: [email protected]
Website: www.krnheatexchanger.com
KRN Heat Exchanger IPO FAQs
What is KRN Heat Exchanger IPO?
When KRN Heat Exchanger IPO will open for subscription?
What is KRN Heat Exchanger IPO Investors Portion?
How to Apply the KRN Heat Exchanger IPO?
What is KRN Heat Exchanger IPO Issue Size?
What is KRN Heat Exchanger IPO Price Band?
What is KRN Heat Exchanger IPO Lot Size?
What is the KRN Heat Exchanger IPO Allotment Date?
What is the KRN Heat Exchanger IPO Listing Date?
Note: The KRN Heat Exchanger IPO price band and date are officially announced. The (KRN Heat Exchanger IPO grey market premium) will be added to the IPO GMP page as it will start).
8 Responses
Hi
The allotment is out
Long Term Invest Or Short Term Invest ?
Hi Abhinandan,
You can go with short term and long term both.
Dear sir,
can i am apply for s hni
Yes,
You can
Hi Ashwin,
An individual can apply in BHNI via ASBA or UPI above 10 Lakh. There will be no issues but if you get the allotment and you do no pay the capital gain tax then income tax department will raise the query.
HNI investor cannot bid at cutoff price than at what price they should bid ?
Pls guide.
Hi Indra,
You can bid on the higher price band.