KRN HEAT EXCHANGER AND REFRIGERATION LIMITED

25 Sep 2024 - 27 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14300

Price Band

₹209-₹220

Issue Size

109.93 lakhs
Equity Shares

Lot Size

65

IPO Dates
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25 Sep 2024

Open Date

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27 Sep 2024

Close Date

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30 Sep 2024

Allotment Date

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03 Oct 2024

Listing Date

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.

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About Krn Heat Exchanger And Refrigeration Limited

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.

Founded

Managing Director

Mr. Santosh Kumar Yadav, Mrs. Anju Devi, and Mr. Manohar Lal

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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