KRN Heat Exchanger IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 25 Sep 2024
Close Date
Fri, 27 Sep 2024
Price Band
₹ 209 – 220
Lot Size
65
Issue Size
₹ 341.51 Cr
Minimum Investment
₹ 14,300 (65 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
KRN Heat Exchanger IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹341.51 Crore, comprising a fresh issue of 1.55 Crore equity shares aggregating to ₹341.51 Crore.
The KRN Heat Exchanger IPO remained open for subscription from September 25, 2024, to September 27, 2024. The basis of allotment was finalized on September 30, 2024, and the company's shares were listed on the NSE and BSE on October 03, 2024.
The company had fixed the price band at ₹209 to ₹220 per share, with a lot size of 65 shares. Retail investors were required to make a minimum investment of ₹14,300 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Holani Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, KRN Heat Exchanger and Refrigeration Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
KRN Heat Exchanger IPO Timeline (Tentative)
- IPO Open Date
- Wed, 25 Sep 24
- IPO Close Date
- Fri, 27 Sep 24
- Basis of Allotment
- Mon, 30 Sep 24
- Initiation of Refunds
- Tue, 01 Oct 24
- Credit of Shares to Demat
- Tue, 01 Oct 24
- Listing Date
- Thu, 03 Oct 24 — NSE & BSE
Open Date
25 September 2024
Close Date
27 September 2024
Basis Of Allotment
30 September 2024
Listing Date
03 October 2024
IPO Subscription
Check Live Subscription →The KRN Heat Exchanger IPO has received bids for 2,35,22,34,105 shares against 1,09,93,000 shares offered, resulting in an overall subscription of 213.98x. the NII category is subscribed 431.14x, Retail Investors 97.61x, and QIBs 253.04x. Within the NII category, BNII is subscribed 445.31x, while SNII is subscribed 402.8x.
QIB
253.04x
NII
431.14x
BNII
445.31x
SNII
402.8x
RII
97.61x
Total
213.98x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 54,98,330 shares, representing 35.37% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 31,07,455 shares (19.99%), while Non-Institutional Investors (NIIs) receive 23,87,215 shares (15.36%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 4,550,000 | 29.27% |
| Qualified Institutions | 3,107,455 | 19.99% |
| Non-Institutional | 2,387,215 | 15.36% |
| BNII | 1,591,477 | 10.24% |
| SNII | 795,738 | 5.12% |
| Retail Investors | 5,498,330 | 35.37% |
| Total | 15,543,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
KRN Heat Exchanger and Refrigeration Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 40.86 |
| ROCE % | 31.21 |
| Debt / Equity | 0.45 |
| RoNW % | 29.68 |
| Pat Margin % | 12.67 |
Peers Comparison
No Peer Comparision Available
About KRN Heat Exchanger and Refrigeration Limited
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.
KRN Heat Exchanger IPO Promoters
- Mr. Santosh Kumar Yadav
- Mrs. Anju Devi
- Mr. Manohar Lal
Promoters Holding
Holding Pre Issue
94.39%
Holding Post Issue
0.00%
KRN Heat Exchanger IPO Objective
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.
KRN Heat Exchanger and Refrigeration Limited Address / Contact Details
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
KRN Heat Exchanger IPO Lot Size
The KRN Heat Exchanger IPO has a lot size of 65 shares. Retail investors require a minimum investment of ₹14,300 by applying for 1 lot (65 shares). The maximum application allowed for the retail category is 13 lots (845 shares), requiring an investment of ₹1,85,900.
| 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 |
Issue Reservation
- Anchor Investors — 29.27%
- QIB — 19.99%
- NII — 15.36%
- RII — 35.37%
Book Running Lead Managers
- Holani Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the KRN Heat Exchanger IPO?
KRN Heat Exchanger IPO is a Book-building IPO with a total issue size of ₹341.51 crore. The KRN Heat Exchanger IPO price band is ₹209 to 220 per share. The KRN Heat Exchanger IPO subscription opens on Wed, Sep 25, 2024, and closes on Fri, Sep 27, 2024. The KRN Heat Exchanger IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the KRN Heat Exchanger IPO.
When will the KRN Heat Exchanger IPO open for subscription?
The KRN Heat Exchanger IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024
What is KRN Heat Exchanger IPO Price Band?
KRN Heat Exchanger IPO Price Band is ₹209 to 220 per share.
What is KRN Heat Exchanger IPO Lot Size?
KRN Heat Exchanger IPO lot size is 65 shares, Retail investors need a minimum investment of ₹14300 based on the upper price band
What is the minimum investment for KRN Heat Exchanger IPO?
The minimum investment for KRN Heat Exchanger IPO is ₹14300, based on one lot of 65 shares at the upper price band of ₹220 per share.
How to apply for KRN Heat Exchanger IPO?
Investors can apply for the KRN Heat Exchanger IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 27, 2024. The application amount remains blocked until the KRN Heat Exchanger IPO allotment is finalized.
What is KRN Heat Exchanger IPO Issue Size?
KRN Heat Exchanger IPO issue size is ₹341.51 crores.
What is the KRN Heat Exchanger IPO Allotment Date?
KRN Heat Exchanger IPO allotment date is Mon, Sep 30, 2024.
Who is the KRN Heat Exchanger IPO Registrar?
The registrar for KRN Heat Exchanger IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check KRN Heat Exchanger IPO allotment status, refund processing, and other IPO-related information.
What is the KRN Heat Exchanger IPO GMP?
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 122.73% over the issue price.
Who is the KRN Heat Exchanger IPO Lead Manager?
The book-running lead managers (BRLMs) for the KRN Heat Exchanger IPO are Holani Consultants Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the KRN Heat Exchanger IPO Red Herring Prospectus (RHP).