KRN Heat Exchanger IPO Date, Review, Price, Allotment Details

KRN Heat Exchanger IPO open date is September 25, 2024 and the IPO will close on September 27, 2024. KRN Heat Exchanger IPO is a Book Built Issue. The company to raise around ₹341.5 crores via IPO that comprises fresh issue of ₹341.5 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

KRN Heat Exchanger IPO price band is ₹209 to ₹220 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. KRN Heat Exchanger IPO to list on BSE, NSE on October 3, 2024. The allotment of KRN Heat Exchanger IPO date is September 30, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

KRN Heat Exchanger IPO

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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.

ApplicationLot SizeSharesAmount
Retail Minimum165₹14,300
Retail Maximum13845₹185,900
S-HNI Minimum14910₹200,200
B-HNI Minimum704,550₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANA– Cr.
NANANANANA– 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

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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?

KRN Heat Exchanger IPO is a main-board IPO. The company is going to raise ₹341.5 Crores via IPO. The issue is priced at ₹209 to ₹220/b> pr equity share. The IPO is to be listed on BSE & NSE.

When KRN Heat Exchanger IPO will open for subscription?

The IPO is to open on September 25, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 27, 2024.

What is KRN Heat Exchanger IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the KRN Heat Exchanger IPO?

You can apply for KRN Heat Exchanger IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is KRN Heat Exchanger IPO Issue Size?

KRN Heat Exchanger IPO issue size is ₹341.5 crores.

What is KRN Heat Exchanger IPO Price Band?

KRN Heat Exchanger IPO Price Band is ₹209 to ₹220.

What is KRN Heat Exchanger IPO Lot Size?

The minimum bid is 65 Shares with ₹14,300 amount.

What is the KRN Heat Exchanger IPO Allotment Date?

KRN Heat Exchanger IPO allotment date is September 30, 2024.

What is the KRN Heat Exchanger IPO Listing Date?

KRN Heat Exchanger IPO listing date is October 3, 2024. The IPO is to list on BSE and NSE.

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).
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    8 Responses

    1. 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.

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