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KRN HEAT EXCHANGER AND REFRIGERATION LIMITED

Main Board

Issue Price

₹ 209-₹ 220

per equity share

Issue Size

1.1 crores

equity share

Face Value

₹ 10

per equity share

Market Lot

65

equity share

Please note

Listing at BSE ,NSE

KRN HEAT EXCHANGER AND REFRIGERATION LIMITED

Important Dates

IPO Open Date

25 Sep 2024

IPO Close Date

27 Sep 2024

Allotment Date

30 Sep 2024

Initiation of Refunds

01 Oct 2024

Credit of Shares to Demat Account

01 Oct 2024

IPO Listing Date

03 Oct 2024

UPI Mandate Expiry Date

27 Sep 2024

IPO Details

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.

Parent Organisation

-

Founded

Managing Director

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

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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