KRN Heat Exchanger IPO GMP : KRN Heat Exchanger IPO GMP is Open on 25 September 2024 and Close on 27 September 2024. KRN Heat Exchanger IPO to Raise 1,55,23,000 shares (Approx ₹341.51 Cr) via IPO. The Fresh issue of 1,55,23,000 shares (Approx ₹341.51 Cr).
We manufacture heat exchangers of various shapes and sizes as per the requirementsof the customers and/or demand in the market. The diameter of heat exchanger tubes we produce rangesfrom 5MM to 15.88 MM.
- Air Conditioning
- Refrigeration
- Process cooling
- White goods
- Dry air cooler
- Swimming pool heat pump
- Medical Equipment
The protective barrier provided by these coatings ensures that the heat exchanger withstandsharsh conditions and maintainsits optimal functionality.Our products are vital for the performance of cooling appliances and have undergone stringent quality and checks. Our company adheres to some of the industry’s best-quality product accreditations.
To expand the business of our Company and to reapthe benefits of forward integration, our Company has incorporated awholly owned subsidiary of our Company, namely KRN HVAC Products Private Limited to increase value-added products in our existing portfolio. KRN HVAC Products Private Limited will focus on manufacturing certain types of heat exchangers thatare currently not manufactured by our Company.
Through this forward integration, we are planning to ventureinto the distribution and sells channels which allow us to control the marketing and distribution of complete product range of heat exchangers. This enables us to capture a greater share of the value chain and establish direct connections with end customers. By incorporating KRN HVAC Products Private Limited, our Company can have greater control over the supply of HVAC industry products, enhancing customer reach and brand visibility.
- Daikin Airconditioning India Private Limited,
- Schnieder Electric
- IT Business India Private Limited,
- Kirloskar Chillers Private Limited,
- Blue Star Limited,
- Climaventa Climate Technologies Private Limited
- Frigel Intelligent Cooling Systems India Private Limited among others, attest to our commitment to delivering top-notch products and outstanding services.
KRN Heat Exchanger IPO Date & Price Band Details
| IPO Open Date | 25 Sep 2024 |
|---|---|
| IPO Close Date | 27 Sep 2024 |
| IPO Size | 1,55,23,000 shares (Approx ₹341.51 Cr) |
| Fresh Issue | 1,55,23,000 shares (Approx ₹341.51 Cr) |
| Lot Size | 65 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹209 to ₹220 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
KRN Heat Exchanger IPO Market Lot Details
| 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 |
Object of the Issue
- Investment in our wholly owned subsidiary, KRN HVAC Products Private Limited for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan.
- General corporate purposes.
KRN Heat Exchanger IPO Allotment & Listings (Details)
| IPO Open Date | 25 Sep 2024 |
|---|---|
| IPO Close Date | 27 Sep 2024 |
| Basis of Allotment | 30 Sep 2024 |
| Refunds | 30 Sep 2024 |
| Credit to Demat Account | 1 Oct 2024 |
| IPO Listing Date | 3 Oct 2024 |
KRN Heat Exchanger Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2023 | ₹249.89 | ₹204.39 | ₹32.31 |
| 2022 | ₹158.23 | ₹143.26 | ₹10.59 |
| 2021 | ₹76.81 | ₹73.41 | ₹2.47 |
Our Company Promoters
- Mr. Santosh Kumar Yadav.
- Mrs. Anju Devi.
Qualitative Factors
- Promoters with strong leadership and supported by highly experienced senior management.
- Long-standing business relationships with leading clientele.
- Effective quality control checks.
- Consistent financial performance.
- Established Manufacturing facility.
Comparison of Accounting Ratios with Peer Group Companies
There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
Also Read: Brainbees Solutions IPO
KRN Heat Exchanger Company Contact Details
Plot No. F-46, 47, 48, 49 EPIP, RIICO Industrial Area
Neemrana, Alwar Rajasthan-301705, India
Telephone: +91 –9257025440
Website: www.krnheatexchanger.com
Email ID: cs@krnheatexchanger.com
Contact Person: CS Praveen Kumar
KRN Heat Exchanger Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 –405 & 416 –418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur –302016
Tel.: +91 0141 –2203996
Website: www.holaniconsultants.co.in
Email: ipo@holaniconsultants.co.in
Investor Grievance ID: complaints.redressal@holaniconsultants.co.in
Contact Person: Mrs. Payal Jain
KRN Heat Exchanger IPO Registrar
Bigshare Services Private Limited
Office No, S6-2, 6thFloor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road
Andheri (East), Mumbai -400093
Tel: +9122-6263 8200
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com
Investor Grievance ID-investor@bigshareonline.com
Contact Person: Mr. Babu Rapheal.C
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