KRN Heat Exchanger and Refrigeration IPO

• KRN Heat Exchanger IPO is a book-built issue of Rs 341.95 crore.

• This upcoming IPO bidding opens on September 25 and closes on September 27, 2024.

• KRN Heat Exchanger IPO price is set at Rs 209 - Rs 220 per share.

• The minimum investment amount required for retail investors is Rs 14,300.

KRN Heat Exchanger IPO: Synopsis

KRN Heat Exchanger is open for subscription from Wednesday, September 25, 2024, and closing on Friday, September 27, 2024. The price band for this IPO is set to Rs 209 - Rs 220 per share.

KRN Heat Exchanger IPO is offering entirely a fresh issue of 1.55 crore shares worth up to Rs 341.95 crore.

The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024. The listing of this IPO will be done on Thursday, October 3, 2024, at BSE and NSE.

The IPO is managed by Holani Consultants Private Limited, which is appointed as the book running lead manager of this IPO. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

KRN Heat Exchanger and Refrigeration Limited: About the Company

KRN Heat Exchanger and Refrigeration Ltd is one of the country's leading manufacturers of fin and tube-type heat exchangers, constructing copper and aluminum fins with copper tubes. Their product range starts from water coils, condenser coils, up to evaporator coils, with tubes in diameter 5 mm to 15.88 mm. It caters to the domestic, commercial, and industrial application of HVAC&R.

The company serves prestigious clients such as Daikin Air-conditioning India Pvt Ltd, Schneider Electric IT Business India Pvt Ltd, and Blue Star Ltd, while also exporting to countries like the UAE, USA, Italy, and Germany. Located in Neemrana, Rajasthan, the manufacturing facility spans 7,800 sq. mt. and features advanced equipment such as Hair Pin Bender, Fin Press Machine, CNC Tube Bender, and Vertical Expander to ensure high-quality production standards.

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KRN Heat Exchanger IPO: Objectives

The net proceeds from the Fresh Issue will be utilised for the following purposes: investment in the wholly owned subsidiary, KRN HVAC Products Pvt. Ltd., to establish a new manufacturing facility in Neemrana, Alwar, Rajasthan, and for general corporate purposes.

KRN Heat Exchanger IPO: Other Important Details

Time-Table of KRN Heat Exchanger IPO

KRN Heat Exchanger Ltd Financial Metrics (Amt in Rs Crore)

Lot Size Details of KRN Heat Exchanger Limited IPO

Promoters of KRN Heat Exchanger and Refrigeration Limited and Their Holdings

The company's promoters are Mr Santosh Kumar Yadav, Mrs Anju Devi, and Mr Manohar Lal. They collectively held 94.39% of the company's shares. However, post-IPO changes in their shareholding have not yet been disclosed.

KRN Heat Exchanger and Refrigeration Limited: Strength of Company

1. KRN Heat Exchanger specialises in manufacturing a wide range of copper and aluminium fin and tube-type heat exchangers.

2. The company serves prestigious clients like Daikin, Blue Star, and Kirloskar, showcasing strong industry relationships.

3. The company exports products to several countries, including the USA, UAE, and Germany, reflecting a strong global presence.

FAQs

1. What are the core details available for KRN Heat Exchanger IPO?

KRN Heat Exchanger IPO is a book-built issue of Rs 341.95 crore. This upcoming IPO offers entirely a fresh issue of 1.55 crore equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024.

2. How can I apply for the KRN Heat Exchanger IPO?

The public subscription of this new IPO opens on Wednesday, September 25, 2024 and closes on Friday, September 27, 2024. Click here to initiate the application process.

3. What is the listing date of the KRN Heat Exchanger IPO?

The KRN Heat Exchanger IPO is expected to be listed on Thursday, October 3, 2024.

4. Who are the lead managers for the KRN Heat Exchanger IPO?

Holani Consultants Private Limited were appointed as the book-running lead manager for this IPO.

5. Who is appointed as the registrar for this IPO?

Bigshare Services Private Limited has been appointed as the registrar for this public issue.

6. How can I check the allotment status of the IPO?

Investors who applied for KRN Heat Exchanger IPO can check the allotment status by visiting here, for further updates, follow Bigul.

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