KRN Heat Exchanger IPO
Open MainLineCurrent GMP
₹270 (+122.73%)
Price Band
₹ 209 – 220
Lot Size
65
Issue Size
₹341.51 Cr
Minimum Investment
₹14300 (65 Shares)
Listing Date
03 October 2024
Subscription
213.98x
About the Company
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer of fin and tube-type heat exchangers. The company manufactures Copper and Aluminium fins and copper tubes heat exchangers, water coils, condenser coils, and evaporator coils. It manufactures heat exchanger tubes of different shapes and sizes from 5 mm diameter to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. All the products offered are used in the domestic, commercial, and industrial Heating, Ventilation, air conditioning and refrigeration (HVAC&R) industry.
Daikin Airconditioning India Pvt Ltd, Schnieder Electric IT Business India Pvt Ltd, Kirloskar Chillers Private Ltd, Blue Star Ltd, Climaventa Climate Technologies Pvt Ltd and Frigel Intelligent Cooling Systems India Pvt Ltd are some of the prestigious customers. The company also export products overseas to countries including UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, and more.
Its manufacturing facility is situated in Neemrana, Rajasthan over an aggregated area of 7,800 sq. mt. The company uses the latest coil manufacturing machines including Hair Pin Bender, Fin Press Machine, CNC Tube Bender, and Vertical Expander.
Promoters
- Mr. Santosh Kumar Yadav
- Mrs. Anju Devi
- Mr. Manohar Lal
Promoters Holding
Holding Pre Issue
94.39%
Holding Post Issue
0.00%
Objects of the Issue
The net proceed from fresh issue is to be utilized for the following;
- 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.
Address / Contact Info
KRN Heat Exchanger and Refrigeration Limited
Plot No. F - 46, 47, 48, 49 EPIP,
RIICO Industrial Area,
Neemrana, Alwar
Phone: +91 – 9257025440
Email: cs@krnheatexchanger.com
Website: http://www.krnheatexchanger.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 25 September 2024
IPO Close Date
Friday, 27 September 2024
Basis of Allotment
Monday, 30 September 2024
Initiation of Refunds
Tuesday, 01 October 2024
Credit of Shares to Demat
Tuesday, 01 October 2024
Listing Date
Thursday, 03 October 2024 — NSE & BSE
Important Dates
Open Date
25 September 2024
Close Date
27 September 2024
Basis Of Allotment
30 September 2024
Listing Date
03 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 258.36 | 148.76 | 92.79 |
| Revenue | 313.54 | 249.89 | 158.23 |
| Profit After Tax | 39.07 | 32.31 | 10.59 |
| Net Worth | 131.65 | 59.57 | 25.53 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 59.69 | 36.64 | 22.12 |
EPS Pre
8.88%
EPS Post
6.56%
P/E Pre
24.78
P/E (Post Issue)
33.52x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 40.86 |
| ROCE % | 31.21 |
| Debt / Equity | 0.45 |
| RoNW % | 29.68 |
| PbW | 0 |
| Pat Margin % | 12.67 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 4550000 | 29.27 | 0 |
| Qualified Institutions | 3107455 | 19.99 | 0 |
| Non-Institutional | 2387215 | 15.36 | 0 |
| BNII | 1591477 | 10.24 | 0 |
| SNII | 795738 | 5.12 | 0 |
| Retail Investors | 5498330 | 35.37 | 0 |
| Total | 15543000 | 100 | 0 |
Subscription Status ( Fri, 27 Sep 24 01:16 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3107455 | 786300710 | 253.04x |
| Non-Institutional | 2387215 | 1029227550 | 431.14x |
| BNII | 1591477 | 708701695 | 445.31x |
| SNII | 795738 | 320525855 | 402.8x |
| Retail Investors | 5498330 | 536705845 | 97.61x |
| Total | 10993000 | 2352234105 | 213.98x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 65 | 14,300.00 |
| Retail (Max) | 13 | 845 | 185,900.00 |
| S-HNI (Min) | 14 | 910 | 200,200.00 |
| S-HNI (Max) | 69 | 4,485 | 986,700.00 |
| B-HNI (Min) | 70 | 4,550 | 1,001,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Holani Consultants Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
KRN Heat Exchanger IPO is a Book-building IPO worth ₹341.51 crores. The price band is ₹209 to 220 per share. The IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The KRN Heat Exchanger IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024
KRN Heat Exchanger IPO Price Band is ₹209 to 220.
KRN Heat Exchanger IPO lot size is 65, and the minimum amount required for application is ₹14300.
The minimum investment for KRN Heat Exchanger IPO is approximately ₹14300 based on the upper price band.
To apply for the KRN Heat Exchanger IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 27, 2024. After submission, funds are blocked until the basis of allotment of KRN Heat Exchanger IPO is finalised.
KRN Heat Exchanger IPO issue size is ₹341.51 crores.
KRN Heat Exchanger IPO allotment date is Sat, Jun 27, 2026.
The registrar for KRN Heat Exchanger IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to KRN Heat Exchanger IPO through their official website or helpline.
The KRN Heat Exchanger IPO GMP (Grey Market Premium) is ₹270 as of Thu, Oct 3, 2024. Based on the upper price band of ₹220 per share, the estimated KRN Heat Exchanger IPO listing price is ₹490, indicating a potential listing gain of approximately 31% over the issue price.