KRN Heat Exchanger IPO Overview: The IPO will open on September 25, 2024, and close on September 27, 2024. The Book Built Issue seeks to raise approximately ₹[.] crores, including a fresh issue of ₹[.] crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The price band is set at ₹[.] per share, with allocation reserved as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). Shares will likely list on the BSE and NSE on October 3, 2024, with allotment expected by September 30, 2024.
In FY 2023, KRN Heat Exchanger reported a revenue of ₹249.89 crores, up from ₹158.23 crores in 2022, and a profit jump to ₹32.31 crores from ₹10.59 crores. With such solid financial performance, this IPO could offer a strong long-term investment opportunity.
KRN Heat Exchanger IPO Objectives:
Invest in its wholly owned subsidiary, KRN HVAC Products Pvt Ltd, to establish a new manufacturing facility in Neemrana, Alwar, Rajasthan.
Allocate funds for general corporate purposes.
KRN Heat Exchanger IPO Review (Should You Apply?):
Review coming soon.
KRN Heat Exchanger IPO Date & Price Band Details:
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| 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% |
Read Also: Manba Finance IPO Date, Review, Price, Allotment Details
KRN Heat Exchanger IPO Lot Size:
The minimum lot size for the KRN Heat Exchanger IPO is [.] shares, with a corresponding application amount of ₹[.]. Retail investors can apply for up to 13 lots, totaling [.] shares or an investment of ₹[.].
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
KRN Heat Exchanger IPO Timeline:
The IPO of KRN Heat Exchanger opens on September 25 and closes on September 27. The allotment results are expected to be announced on September 30, and the shares are scheduled to list on the stock exchange on October 3.
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Basis of Allotment: | September 30, 2024 |
| Refunds: | September 30, 2024 |
| Credit to Demat Account: | October 1, 2024 |
| IPO Listing Date: | October 3, 2024 |
KRN Heat Exchanger IPO GMP Today:
The latest Grey Market Premium (GMP) for the KRN Heat Exchanger IPO is ₹225, updated on September 18, 2024, at 1:02 PM. The IPO price band is yet to be announced, with the cap price and estimated listing price to follow shortly.
Promoters of KRN Heat Exchanger IPO:
The company is led by Mr. Santosh Kumar Yadav and Mrs. Anju Devi.
About KRN Heat Exchanger IPO:
Established in 2017, KRN Heat Exchanger and Refrigeration Limited specializes in manufacturing and exporting copper and aluminum fin and tube heat exchangers for the HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) industry. Its product range includes condenser coils, evaporator units, fluid and steam coils, and sheet metal components. The company is known for delivering customized, high-quality solutions and exports 33% of its production to international markets.
KRN Heat Exchanger IPO Financial Report:
In 2024, the company reported a revenue of ₹313.54 crores, up from ₹249.89 crores in 2023. Profits also rose to ₹39.07 crores in 2024, compared to ₹32.31 crores in the previous year.
| Amount in cr | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 158.23 | ₹ 143.26 | ₹ 10.59 | ₹ 92.79 |
| 2023 | ₹ 249.89 | ₹ 204.39 | ₹ 32.31 | ₹ 148.76 |
| 2024 | ₹ 313.54 | ₹ 257.81 | ₹ 39.07 | ₹ 258.36 |
KRN Heat Exchanger IPO Valuation – FY2024
Check KRN Heat Exchanger valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| 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 |
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: ipo@bigshareonline.com
- 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: cs@krnheatexchanger.com
- Website: www.krnheatexchanger.com
KRN Heat Exchanger IPO FAQs
What is the KRN Heat Exchanger IPO?
The KRN Heat Exchanger IPO is a main-board offering aiming to raise ₹[.] crores. The issue price is set between ₹[.] and ₹[.] per equity share, and the shares will be listed on both BSE and NSE.
When will the IPO of KRN Heat Exchanger open for subscription?
The IPO will open on September 25, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors, and will close on September 27, 2024.
What is the investor allocation for the KRN Heat Exchanger IPO?
The allocation is as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.
How can I apply for the KRN Heat Exchanger IPO?
You can apply online through ASBA via your bank account or UPI through your stockbroker. Offline applications can be submitted by filling out the form with your stockbroker.
What is the issue size of the IPO of KRN Heat Exchanger?
The issue size of the KRN Heat Exchanger IPO is ₹[.] crores.
What is the price band for the KRN Heat Exchanger IPO?
The price band for the KRN Heat Exchanger IPO is ₹[.] to ₹[.].
