| Company Name | KRN Heat Exchanger and Refrigeration Limited |
| Open Date | 25-09-2024 |
| Close Date | 27-09-2024 |
| Exchange | BSE, NSE |
| Lot Size | 65 Shares |
| Issue Price | ₹209 to ₹220 per share |
| Issue Size | 1,55,43,000 shares |
| Application Amount | ₹ 14,300 – ₹ 1,85,900 (65 to 845 shares) |
| Recommendation | Apply |
KRN Heat Exchanger and Refrigeration Limited was originally formed and incorporated on Aug 25, 2017. The registered office is located at Alwar, Rajasthan. The company is engaged in the business of manufacturing of fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Their product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. The company had 553 permanent employees as of July 31, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 156.11 | 247.48 | 308.28 |
| EBITDA | 16.94 | 49.32 | 58.45 |
| Net Profit | 10.59 | 32.31 | 39.07 |
| RoCE | 38.76% | 60.13% | 33.67% |
| ROE | 41.48% | 54.24% | 29.68% |
| P/E | 91.29 | 29.97 | 25.32 |
| Opening Date | 25/09/2024 |
| Closing Date | 27-09-2024 |
| Basis of Allotment | 30-09-2024 |
| Initiation of Refunds | 01-10-2024 |
| Credit of Shares to Demat | 01-10-2024 |
| Listing Date | 03-10-2024 |
| Investment in wholly owned subsidiary, KRN HVAC Products Private Limited in the form of equity for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”) |
| General Corporate Purposes |
| Registered Office | KRN Heat Exchanger and Refrigeration Limited Plot No. F - 46, 47, 48, 49 EPIP, RIICO Industrial Area, Neemrana, Alwar |
| Phone | +91 – 9257025440 |
| cs@krnheatexchanger.com | |
| Website | http://www.krnheatexchanger.com/ |
| KRN Heat Exchanger and Refrigeration IPO DRHP |
| KRN Heat Exchanger and Refrigeration IPO RHP |
| Name | Bigshare Services Private Limited |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the offer |
| Share Holding Pre Issue (Promoters) | 94.39% |
| Share Holding Post Issue (Promoters) | 70.79% |