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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹341.95 Cr |
| Fresh Issue | ₹341.95 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹209.00-220.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544263 |
| NSE Code | KRN |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Holani Consultants Pvt.Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 65 shares and in multiples thereof
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer of fin and tube-type heat exchangers. The company manufactures Copper and Aluminium fins and copper tubes heat exchangers, water coils, condenser coils, and evaporator coils. It manufactures heat exchanger tubes of different shapes and sizes from 5 mm diameter to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. All the products offered are used in the domestic, commercial, and industrial Heating, Ventilation, air conditioning and refrigeration (HVAC&R) industry.
Daikin Airconditioning India Pvt Ltd, Schnieder Electric IT Business India Pvt Ltd, Kirloskar Chillers Private Ltd, Blue Star Ltd, Climaventa Climate Technologies Pvt Ltd and Frigel Intelligent Cooling Systems India Pvt Ltd are some of the prestigious customers. The company also export products overseas to countries including UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, and more.
Its manufacturing facility is situated in Neemrana, Rajasthan over an aggregated area of 7,800 sq. mt. The company uses the latest coil manufacturing machines including Hair Pin Bender, Fin Press Machine, CNC Tube Bender, and Vertical Expander.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in our 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”); and | 235.76 |
| 2 | General corporate purposes | 75.36 |
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 258.36 |
| Total Income | 313.54 |
| Profit After Tax | 39.07 |
| NET Worth | 131.65 |
| Total Borrowing | 59.69 |
| Amount in ₹ Crore | |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 40.86% |
| ROCE | 31.21% |
| Debt / Equity | 0.45% |
| RoNW | 29.68% |
| PAT Margin | 12.67% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.88 | 6.56 |
| P/E (x) | 24.78 | 33.52 |
| Promoter Holding | 94.39% | 70.78% |
| Market Cap | ₹1309.51 Cr. | |
