KRN Heat Exchanger and Refrigeration Ltd
Price Range
₹209 - ₹220
Min. Quantity
65
Closes on
27 September 2024
Min. investment
₹14,300/845 Shares
KRN Heat Exchanger and Refrigeration Ltd IPO Timeline
KRN Heat Exchanger and Refrigeration Limited was incorporated in Bhiwadi, Alwar as 'KRN Heat Exchanger and Refrigeration Private Limited', pursuant to a Certificate of Incorporation dated August 25, 2017 issued by Central Registration Centre, Manesar. Thereafter, the
| Event | Date |
|---|---|
| KRN Heat Exchanger and Refrigeration Ltd IPO Opening Date | 25 September 2024 |
| KRN Heat Exchanger and Refrigeration Ltd IPO Closing Date | 27 September 2024 |
| Basis of Allotment | 30 September 2024 |
| Initiation of Refunds | 1 October 2024 |
| Credit of Shares to Demat | 1 October 2024 |
| KRN Heat Exchanger and Refrigeration Ltd IPO Listing Date | 3 October 2024 |
KRN Heat Exchanger and Refrigeration Ltd IPO Details
| KRN Heat Exchanger and Refrigeration Ltd IPO Date | 25 September 2024 to 27 September 2024 |
| KRN Heat Exchanger and Refrigeration Ltd IPO Face Value | ₹10 per share |
| KRN Heat Exchanger and Refrigeration Ltd IPO Price | ₹209 to ₹220 per share |
| KRN Heat Exchanger and Refrigeration Ltd IPO Lot Size | 65 |
| Issue Size | Shares of ₹10 (aggregating up to ₹341.95 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹341.95 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 31,07,455 of the Net Offer |
| Retail Shares Offered | Not less than 54,98,330 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 23,87,215 of the Net Offer |
| Company Promoters | Santosh Kumar Yadav, Anuj Devi |
KRN Heat Exchanger and Refrigeration Ltd IPO Lot Size
The KRN Heat Exchanger and Refrigeration Ltd IPO lot size is 65 shares. A retail-individual investor can apply for up to 13 lots (845 shares or ₹1,85,900).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 65 | ₹14,300 |
| Maximum | 13 | 845 | ₹1,85,900 |
- Strengths
- Risks
- Opportunities
- Promoters with strong leadership and supported by a highly experienced senior management.
- Long standing business relationships with leading clientele.
- Effective quality control checks.
- Consistent financial performance.
- Established Manufacturing facility.
Company Financials
KRN Heat Exchanger and Refrigeration Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 229.67 | 313.6 | 39.88 |
| 03-2023 | 148.76 | 249.89 | 32.31 |
| 03-2022 | 92.79 | 158.23 | 10.59 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in its wholly owned subsidiary KRN HAVC Products Pvt Ltd for setting up a new mfg facility
- General corporate purposes
KRN Heat Exchanger and Refrigeration Ltd IPO Promoter Holding
| Pre Issue Share Holding | 43.54% |
| Post Issue Share Holding | - |
KRN Heat Exchanger and Refrigeration Ltd IPO Subscription Status (Bidding Detail)
The KRN Heat Exchanger and Refrigeration Ltd IPO is subscribed 214.42 times on 27 September 2024 05:00:00 PM. The public issue subscribed 98.29 times in the retail category, 253.04 times in the QIB category, and 431.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 253.04 | 431.63 | 98.29 | - | 214.42 |
KRN Heat Exchanger and Refrigeration Ltd IPO Prospectus
KRN Heat Exchanger and Refrigeration Ltd IPO Listing Date
| Listing Date | 3 October 2024 |
| BSE Script | 544263 |
| NSE Symbol | KRN |
| Listing In | BSE, NSE |
| ISIN | INE0Q3J01015 |
| IPO Price | ₹220 |
| Face Value | ₹10 |
Company Contact Information
Plot #F 46 47 48 49 EPIP RIICOIndustrial Area Neemrana,Alwar-301705
Phone: +91 92570 25440
Email: cs@krnheatexchanger.com
Website: www.krnheatexchanger.com
KRN Heat Exchanger and Refrigeration Ltd IPO Registrar
KRN Heat Exchanger and Refrigeration Ltd IPO Lead Manager(s)
- Holani Consultants Pvt Ltd
FAQ
What is the issue size of KRN Heat Exchanger and Refrigeration Ltd IPO?
I have pre-applied for KRN Heat Exchanger and Refrigeration Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.