KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger and Refrigeration

Mainboard

₹14,300 / 65 Shares

Offer Date:Sep 25, 2024 - Sep 27, 2024
Share

KRN Heat Exchanger and Refrigeration IPO Details

The KRN Heat Exchanger and Refrigeration IPO price band is set between ₹209-220 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 25 Sep, 2024 and closes on 27 Sep, 2024. Investors can check the allotment status on 30 Sep, 2024, while the listing date is tentatively scheduled for 3 Oct, 2024.

The total issue size is 15,523,000 shares, aggregating up to ₹341.5 Cr. Stay tuned for the latest KRN Heat Exchanger and Refrigeration IPO review and GMP updates.

KRN Heat Exchanger and Refrigeration IPO Review, Rating & Analysis

KRN Heat Exchanger and Refrigeration IPO Review

NO REVIEW

KRN Heat Exchanger and Refrigeration IPO Rating

KRN Heat Exchanger and Refrigeration IPO Highlights

IPO Date

Sep 25, 2024 - Sep 27, 2024

Listing Date

3 Oct, 2024

Face Value

₹10 Per Equity Share

Price Band

₹209-220 per equity share

Lot Size

65 Shares

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

KRN Heat Exchanger and Refrigeration IPO Lot Size

The minimum market lot for KRN Heat Exchanger and Refrigeration IPO is 65 shares with an application amount of ₹14,300. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)165₹14,300
Retail (Max)13845₹1,85,900
S-HNI (Min)14910₹2,00,200
S-HNI (Max)694485₹9,86,700
B-HNI (Min)704550₹10,01,000

KRN Heat Exchanger and Refrigeration IPO Timeline

IPO Open Date
25 Sep, 2024
IPO Close Date
27 Sep, 2024
Basis of Allotment
30 Sep, 2024
Listing Date
3 Oct, 2024

Issue Price

₹209-220 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

Lead Manager

Holani Consultants Private Limited

Issue Size

15,523,000 shares(aggregating up to ₹341.5 Cr)

KRN Heat Exchanger and Refrigeration IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 24258.36313.5439.07131.65-59.69
31 Mar 23148.76249.8932.3159.57-36.64
31 Mar 2292.79158.2310.5925.53-22.12

All values are in ₹ Cr.

KRN Heat Exchanger and Refrigeration IPO Valuations

EPS Pre IPO

8.88

EPS Post IPO

6.56

PE Pre IPO

24.78

PE Post IPO

33.52

ROE

40.86%

ROCE

31.21%

Debt Equity

0.45

RoNW

29.68%

PAT Margin

12.67

Price to Book Value

-

Promoters & Share Holding

Promoter(s) Name

  • Mr. Santosh Kumar Yadav
  • Mrs. Anju Devi
  • Mr. Manohar Lal
Share Holding Pre IssueShare Holding Post Issue
94.39%N/A%

About Company

KRN Heat Exchanger and Refrigeration Limited is a prominent manufacturer of fin and tube-type heat exchangers for the HVAC&R industry. The company's product lineup includes condenser coils, evaporator units, and various other components made primarily from copper and aluminium, tailored to client specifications with tube diameters ranging from 5MM to 15.88 MM.

KRN's products are utilised in a wide range of applications including residential and commercial air conditioning, refrigeration for food and beverages, and specialised cooling systems for data centres and medical equipment. To ensure longevity and efficiency, the company applies advanced protective coatings like nano and powder coatings to critical parts.

Manufacturing is conducted at KRN's extensive facilities located in the RIICO Industrial Area, Neemrana, Rajasthan. These plants are equipped with state-of-the-art technology to maintain high standards of quality and productivity. KRN holds several key certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and others, reflecting its commitment to quality and environmental management.

Read More

KRN Heat Exchanger and Refrigeration IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved3,107,455
2,387,215

1,591,477    795,738
5,498,33010,993,000
Day 1 -25-09-24 05:00 PM
1.44 x
53.88

43.16 x   75.32 x
23.96 x24.09 x
Day 2 -26-09-24 05:00 PM
3.16 x
135.85

111.74 x   184.06 x
55.53 x58.17 x
Day 3 -27-09-24 05:00 PM
253.04 x
428.04

445.31 x   393.49 x
93.07 x211.03 x
Total No. of Applications:62,91,460 (Approx)
Retail Subscription:

Retail:71.39x

BHNI:81.89x

SHNI:380.45x times

Company Contact Details

KRN Heat Exchanger and Refrigeration

Plot No. F - 46, 47, 48, 49 EPIP, RIICO Industrial Area, Neemrana, Alwar 301705

Phone: +91 – 9257025440

Email: cs@krnheatexchanger.com

Website: http://www.krnheatexchanger.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Frequently Asked Questions about KRN Heat Exchanger and Refrigeration IPO

When will KRN Heat Exchanger and Refrigeration IPO open for subscription?

The KRN Heat Exchanger and Refrigeration IPO opens on 25 Sep, 2024 and closes on 27 Sep, 2024.

What is the investors portion for KRN Heat Exchanger and Refrigeration IPO?

The investors' portion for QIB is 253.04 x, NII is 445.31 x, and Retail is 93.07 x.

How to apply for KRN Heat Exchanger and Refrigeration IPO?

You can apply for KRN Heat Exchanger and Refrigeration IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of KRN Heat Exchanger and Refrigeration IPO?

The issue size of KRN Heat Exchanger and Refrigeration IPO is approx ₹15,523,000 shares(aggregating up to ₹341.5 Cr) crores.

What is the price band of KRN Heat Exchanger and Refrigeration IPO?

The price band for KRN Heat Exchanger and Refrigeration IPO is ₹209 to ₹220 per equity share.

What is the lot size of KRN Heat Exchanger and Refrigeration IPO?

The minimum bid (lot size) for KRN Heat Exchanger and Refrigeration IPO is N/A shares with an investment of approx ₹14,300 .

What is the allotment date of KRN Heat Exchanger and Refrigeration IPO?

The allotment date for KRN Heat Exchanger and Refrigeration IPO is 30 Sep, 2024.

What is the listing date of KRN Heat Exchanger and Refrigeration IPO?

The listing date for KRN Heat Exchanger and Refrigeration IPO is expected to be 3 Oct, 2024.

What is the GMP of KRN Heat Exchanger and Refrigeration IPO?

The latest Grey Market Premium (GMP) for KRN Heat Exchanger and Refrigeration IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

KRN Heat Exchanger and Refrigeration IPO Date, Review, Price, Allotment Details, GMP | IPOROCK