
KRN Heat Exchanger and Refrigeration
Mainboard₹14,300 / 65 Shares
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 REVIEWKRN 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,300 |
| Retail (Max) | 13 | 845 | ₹1,85,900 |
| S-HNI (Min) | 14 | 910 | ₹2,00,200 |
| S-HNI (Max) | 69 | 4485 | ₹9,86,700 |
| B-HNI (Min) | 70 | 4550 | ₹10,01,000 |
KRN Heat Exchanger and Refrigeration IPO Timeline
Issue Price
₹209-220 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Holani Consultants Private LimitedIssue Size
15,523,000 shares(aggregating up to ₹341.5 Cr)KRN Heat Exchanger and Refrigeration IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 258.36 | 313.54 | 39.07 | 131.65 | - | 59.69 |
| 31 Mar 23 | 148.76 | 249.89 | 32.31 | 59.57 | - | 36.64 |
| 31 Mar 22 | 92.79 | 158.23 | 10.59 | 25.53 | - | 22.12 |
All values are in ₹ Cr.
KRN Heat Exchanger and Refrigeration IPO Valuations
EPS Pre IPO
8.88EPS Post IPO
6.56PE Pre IPO
24.78PE Post IPO
33.52ROE
40.86%ROCE
31.21%Debt Equity
0.45RoNW
29.68%PAT Margin
12.67Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- Mr. Santosh Kumar Yadav
- Mrs. Anju Devi
- Mr. Manohar Lal
| Share Holding Pre Issue | Share 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.
KRN Heat Exchanger and Refrigeration IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,107,455 | 2,387,215 1,591,477 795,738 | 5,498,330 | 10,993,000 |
Day 1 -25-09-24 05:00 PM | 1.44 x | 53.88 43.16 x 75.32 x | 23.96 x | 24.09 x |
Day 2 -26-09-24 05:00 PM | 3.16 x | 135.85 111.74 x 184.06 x | 55.53 x | 58.17 x |
Day 3 -27-09-24 05:00 PM | 253.04 x | 428.04 445.31 x 393.49 x | 93.07 x | 211.03 x |
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 301705Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.
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.
