KRN Heat Exchanger IPO Details: The KRN Heat Exchanger IPO is scheduled to open on September 25, 2024, and will close on September 27, 2024. This Book Built Issue aims to raise approximately ₹[.] crores, including a fresh issue of ₹[.] crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the KRN Heat Exchanger IPO is set at ₹[.] per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to list on both BSE and NSE on October 3, 2024, with the allotment date slated for September 30, 2024.
In the financial year 2023, the company reported a revenue of ₹249.89 crores, up from ₹158.23 crores in 2022. Its profit also saw a significant increase, reaching ₹32.31 crores in 2023 compared to ₹10.59 crores the previous year. Given these strong financials, the IPO presents a promising opportunity for long-term investment.
KRN Heat Exchanger IPO Objectives:
- Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan, and
- General corporate purposes.
KRN Heat Exchanger IPO Review (Apply or Not)
- Update 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: | ₹209 to ₹220 Per Share |
| Issue Size: | Approx ₹341.5 Crores |
| Fresh Issue: | Approx ₹341.5 Crores |
| 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% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
KRN Heat Exchanger IPO Lot Size:
The minimum market lot for the KRN Heat Exchanger IPO is 65 shares, requiring an application amount of ₹14,300. Retail investors have the option to apply for up to 13 lots, totaling 845 shares, with an investment of ₹185,900.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 65 | ₹14,300 |
| Retail Maximum | 13 | 845 | ₹185,900 |
| S-HNI Minimum | 14 | 910 | ₹200,200 |
| B-HNI Minimum | 70 | 4,550 | ₹10,01,000 |
KRN Heat Exchanger IPO Timeline:
The KRN Heat Exchanger IPO will open on September 25 and close on September 27. Allotment results are expected to be finalized on September 30, with the shares set to list on the 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:
KRN Heat Exchanger IPO last GMP is ₹225, last updated Sep 18th 2024 01:02 PM. The price band for IPO is not yet announced, will update the cap price and the estimated listing price 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
Founded in 2017, KRN Heat Exchanger and Refrigeration Limited is a prominent manufacturer and exporter of copper and aluminum fin and tube heat exchangers for the HVAC&R (Heat Ventilation Air Conditioning and Refrigeration) industry.
The company’s diverse product range includes condenser coils, evaporator units, evaporator coils, header and copper parts, fluid and steam coils, and sheet metal components.
KRN Heat Exchanger is dedicated to delivering top-notch solutions to its customers, with a focus on customized products that meet international quality standards. Notably, the company exports 33% of its total production to global markets.
KRN Heat Exchanger IPO Company Financial Report
The company reported revenue of ₹313.54 crores in 2024 against ₹249.89 crore in 2023. The company reported profit of ₹39.07 crores in 2024 against profit of ₹32.31 crores in 2023.
Amount ₹ in Crores
| 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 IPO 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 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
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 – Frequently Asked Questions (FAQs)
1. What are the key dates for the KRN Heat Exchanger IPO?
- IPO Opening Date: September 25, 2024
- IPO Closing Date: September 27, 2024
- Allotment Date: September 30, 2024
- Listing Date: October 3, 2024
2. What is the price band for the KRN Heat Exchanger IPO?
- The price band for the KRN Heat Exchanger IPO is ₹[.] per share.
3. How many shares can I apply for in the KRN Heat Exchanger IPO?
- The minimum market lot is [.] shares, with an application amount of ₹[.]. Retail investors can apply for up to 13 lots, which is equivalent to [.] shares or a total investment of ₹[.].
4. What is the allocation structure for the IPO?
- The allocation for the IPO is divided as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
5. Who are the promoters of KRN Heat Exchanger?
- The company is promoted by Mr. Santosh Kumar Yadav and Mrs. Anju Devi.
6. What does KRN Heat Exchanger do?
- KRN Heat Exchanger and Refrigeration Limited, established in 2017, is a leading manufacturer and exporter of copper and aluminum fin and tube heat exchangers. Their products serve the HVAC&R (Heat Ventilation Air Conditioning and Refrigeration) industry.
7. What products does the company offer?
- The company’s product range includes condenser coils, evaporator units, evaporator coils, header and copper parts, fluid and steam coils, and sheet metal components.
8. What percentage of the company’s production is exported?
- KRN Heat Exchanger exports 33% of its total production to international markets.
9. Why should investors consider applying for this IPO?
- Given the company’s strong financial performance, commitment to quality, and substantial export market, the KRN Heat Exchanger IPO presents a promising investment opportunity for the long term.
