Last updated on October 3, 2024
| KRN Heat Exchanger IPO Review | KRN Heat Exchanger IPO Subscription | KRN Heat Exchanger IPO Allotment | KRN Heat Exchanger IPO Listing |
KRN Heat Exchanger IPO Description – KRN Heat Exchanger and Refrigeration specializes in the production of fin and tube-type heat exchangers for the HVAC&R industry. Its heat exchangers are crafted using non-ferrous metals, primarily Copper and Aluminium. The company’s product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal parts. The diameter of its heat exchanger tubes ranges from 5MM to 15.88 MM.
The company’s product portfolio includes evaporator coils, condenser coils, fluid and steam coils, condensing units, copper headers parts, and sheet metal parts. At KRN Heat Exchanger, all the manufacturing operations take place at a consolidated facility, which comprises two industrial units located in the RIICO Industrial Area, Neemrana, Rajasthan.
Promoters of KRN Heat Exchanger – Mr. Santosh Kumar Yadav, Mrs. Anju Devi, Mr. Manohar Lal
Table of Contents
KRN Heat Exchanger and Refrigeration IPO Details
| KRN Heat Exchanger IPO Dates | 25 – 27 September 2024 |
| KRN Heat Exchanger Issue Price | INR 209 – 220 per share |
| Fresh issue | 1,55,23,000 shares (INR 324.43 – 341.51 crore) |
| Offer For Sale | NIL |
| Total IPO size | 1,55,23,000 shares (INR 324.43 – 341.51 crore) |
| Minimum bid (lot size) | 65 Shares (INR 14,300) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
KRN Heat Exchanger and Refrigeration Financial Performance
| Â | FY 2022* | FY 2023* | FY 2024 |
| Revenue | 156.11 | 247.48 | 308.28 |
| Expenses | 143.26 | 204.39 | 257.81 |
| Net income | 10.59 | 32.32 | 39.03 |
| Margin (%) | 6.78 | 13.06 | 12.66 |
* All Standalone Data
KRN Heat Exchanger and Refrigeration Offer News
- KRN Heat Exchanger RHP
- KRN Heat Exchanger DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
KRN Heat Exchanger Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 2.27 | 6.94 | 8.38 | 6.29 |
| PE Ratio | – | – | 24.95 – 26.27 | 33.25 – 35.00 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 41.48 | 54.24 | 29.68 |
| NAV | 5.48 | 12.78 | 28.25 |
| ROCE (%) | 34.65 | 50.46 | 31.21 |
| EBITDA (%) | 10.85 | 19.93 | 18.96 |
| Debt/Equity | 0.87 | 0.62 | 0.45 |
KRN Heat Exchanger and Refrigeration IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 2 October 2024 | 260 | – | 11,000 |
| 1 October 2024 | 255 | – | 11,000 |
| 30 September 2024 | 260 | – | 11,000 |
| 28 September 2024 | 260 | – | 11,000 |
| 27 September 2024 | 260 | – | 11,000 |
| 26 September 2024 | 250 | – | 10,500 |
| 25 September 2024 | 240 | – | 9,100 |
| 24 September 2024 | 245 | – | 9,700 |
| 23 September 2024 | 235 | – | 8,500 |
| 21 September 2024 | 230 | – | 7,000 |
| 20 September 2024 | 210 | – | 6,000 |
| 19 September 2024 | 225 | – | 6,500 |
| 18 September 2024 | 225 | – | – |
| 17 September 2024 | 180 | – | – |
KRN Heat Exchanger IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan – INR 242.46 crore
- General corporate purposes
KRN Heat Exchanger IPO Dates & Listing Performance
| IPO Opening Date | 25 September 2024 |
| IPO Closing Date | 27 September 2024 |
| Finalization of Basis of Allotment | 30 September 2024 |
| Initiation of refunds | 30 September 2024 |
| Transfer of shares to demat accounts | 1 October 2024 |
| KRN Heat Exchanger IPO Listing Date | 3 October 2024 |
| Opening Price on NSE | INR 480 per share (up 118.18%) |
| Closing Price on NSE | Coming soon |
KRN Heat Exchanger IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Aditya Birla Capital – Subscribe
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Subscribe
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe for long term
ICICIdirect –
Indsec – Subscribe
Jainam Broking – Subscribe for listing gain
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Systematix Shares –
Mehta Equities – Subscribe for listing gain
Nirmal Bang – Subscribe
Reliance Securities – Subscribe
Sushil Finance –
Samco Securities – Not rated
SBI Securities – Subscribe for long term
SMC Global – 2/5
SMIFS –
Swastika Investmart – Subscribe
Ventura Securities – Subscribe
KRN Heat Exchanger Offer Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email:Â [email protected]
Website: www.holaniconsultants.co.in
KRN Heat Exchanger Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
KRN Heat Exchanger Contact Details
KRN HEAT EXCHANGER AND REFRIGERATION LIMITED
Plot No. F – 46, 47, 48, 49 EPIP, RIICO Industrial Area,
Neemrana, Alwar Rajasthan-301705, India
Phone: +91 – 9257025440
Email: [email protected]
Website: www.krnheatexchanger.com
KRN Heat Exchanger IPO FAQs
How many shares in KRN Heat Exchanger IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for KRN Heat Exchanger Public Offer?
The best way to apply for the KRN Heat Exchanger public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is KRN Heat Exchanger IPO GMP today?
KRN Heat Exchanger IPO GMP today is INR 260 per share.
What is KRN Heat Exchanger kostak rate today?
KRN Heat Exchanger kostak rate today is INR NA per application.
What is KRN Heat Exchanger Subject to Sauda rate today?
KRN Heat Exchanger Subject to Sauda rate today is INR 11,000 per application.
