KRN Heat Exchanger IPO includes a fresh sale of 1,55,23,000 shares, valued at Rs 341.50 crore at the upper end of the price band.
KRN Heat Exchanger IPO is a fresh issue of 1.55 crore shares, priced at Rs 341.95 crores. KRN Heat Exchanger IPO will open for subscription on September 25, 2024, close on September 27, 2024, and the allotment is expected to be finalized on September 30, 2024. KRN Heat Exchanger IPO will list on BSE, NSE with listing date fixed as Thursday, October 3, 2024.
KRN Heat Exchanger IPO price range is ₹209 to ₹220 per share, with a minimum lot size of 65 shares required for application. Retail investors are required to make a minimum investment of ₹14,300.
Holani Consultants Private Limited leads the KRN Heat Exchanger IPO, with Bigshare Services Pvt Ltd as the registrar.
Refer to KRN Heat Exchanger IPO RHP for detailed information.
KRN Heat Exchanger IPO Details:
| Detail | Information |
|---|---|
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹209 to ₹220 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 15,543,000 shares (aggregating up to ₹341.95 Cr) |
| Fresh Issue | 15,543,000 shares (aggregating up to ₹341.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,999,980 |
| Share Holding Post Issue | 59,542,980 |
KRN Heat Exchanger IPO Objective
Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Investment in wholly owned subsidiaryKRN HVAC Products Private Limited in the form of equity, for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”);
- General corporate purposes.
KRN Heat Exchanger IPO Dates:
KRN Heat Exchanger IPO is scheduled to commence on September 25, 2024, and conclude on September 27, 2024.
- IPO Open Date: Wednesday,September 25, 2024
- IPO Close Date: Friday, September 27, 2024
- Allotment Date: Monday, September 30, 2024
- Initiation of Refunds: Tueday, October 1, 2024
- Credit of Shares to Demat: Tueday, October 1, 2024
- Listing Date: Thursday, October 3, 2024
KRN Heat Exchanger IPO Lot Size and Price:
KRN Heat Exchanger IPO price range is ₹209 to ₹220 per share, with a minimum lot size of 65 shares required for application. Retail investors are required to make a minimum investment of ₹14,300.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,300 |
| Retail (Max) | 13 | 845 | ₹185,900 |
| S-HNI (Min) | 14 | 910 | ₹200,200 |
| S-HNI (Max) | 69 | 4,485 | ₹986,700 |
| B-HNI (Min) | 70 | 4,550 | ₹1,001,000 |
KRN Heat Exchanger Financial Information :
The highlights of the standalone financial performance of the company during the financial year ended 31st march 2024 as compared to previous financial year ended 31st 2024 are summarized here in below:-
| Particulars | 31st March 2024 | 31st March 2023 |
|---|---|---|
| Revenue from Operations | ₹30,823.54 | ₹24,748.08 |
| Other Income | ₹536.38 | ₹254.21 |
| Profit Before Depreciation and Tax | ₹6,031.20 | ₹4,845.69 |
| Profit/Loss Before Tax | ₹5,639.27 | ₹4,732.39 |
| Profit/Loss After Tax | ₹3,988.49 | ₹3,343.74 |
| Earnings Per Share (Basic/Diluted) | ₹8.87 | ₹7.62 |
KRN Heat Exchanger Key Performance Indicators
Financial KPIs of Company :-
| Particulars | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue from Operations (₹ in Lakhs) | 30,828.31 | 24,748.08 | 15,611.46 |
| Growth in Revenue (%) | 24.57% | 58.53% | 105.89% |
| Gross Profit (₹ in Lakhs) | 8,026.91 | 6,379.84 | 2,633.25 |
| Gross Profit Margin (%) | 26.04% | 25.78% | 16.87% |
| EBITDA (₹ in Lakhs) | 5,845.24 | 4,931.75 | 1,693.56 |
| EBITDA Margin (%) | 18.96% | 19.93% | 10.85% |
| Profit After Tax (₹ in Lakhs) | 3,906.86 | 3,231.35 | 1,059.04 |
| PAT Margin (%) | 12.67% | 13.06% | 6.78% |
| RoE (%) | 40.86% | 75.94% | 54.88% |
| RoCE (%) | 31.21% | 50.46% | 34.65% |
| Net Fixed Asset Turnover (Times) | 5.48 | 7.70 | 7.32 |
| Net Working Capital Days | 88 | 65 | 36 |
| Operating Cash Flows (₹ in Lakhs) | 275.88 | 507.25 | 448.35 |
| Inventory Turnover Days | 112 | 76 | 38 |
| Earnings per Share (Basic) | 8.69 | 7.34 | 2.41 |
| Earnings per Share (Diluted) | 8.69 | 7.34 | 2.41 |
| Operating Profit before Working Capital Changes (₹ in Lakhs) | 6,303.72 | 5,136.99 | 1,874.51 |
| Debt/EBITDA Ratio (Times) | 1.02 | 0.74 | 1.31 |
| NAV per Equity Share | 28.53 | 13.54 | 5.80 |
| Net Worth (₹ in Lakhs) | 13,164.71 | 5,957.01 | 2,553.15 |
| Return on Net Worth (%) | 29.68% | 54.24% | 41.48% |
| Debt Service Coverage Ratio | 8.64 | 8.46 | 6.16 |
| Debt to Equity Ratio | 0.45 | 0.62 | 0.87 |
About KRN Heat Exchanger:
KRN HEAT EXCHANGER AND REFRIGERATION PRIVATE LIMITED, a private limited company, was incorporated in Bhiwadi, Alwar, under the Companies Act, 2013, with a certificate of incorporation issued on August 25, 2017.
Company manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Heat exchangers manufactured by us are made of non-ferrous metals primarily Copper and Aluminium. Company product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts.
Company manufacture heat exchangers of various shapes and sizes as per the requirementsof the customers and/or demand in the market. The diameter of heat exchanger tubes we produce ranges from 5MM to 15.88 MM. Company products are well suited for wide range of air conditioning, heating and ventilation, refrigeration, and process cooling applications.
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.
KRN Heat Exchanger IPO Promoter Holding
Mr. Santosh Kumar Yadav, Mrs. Anju Devi, and Mr. Manohar Lal are the company promoters.
| Sr. No. | Name of the Shareholder | Category | No. of Equity Shares on a Fully Diluted Basis | Percentage of Pre-Issue Equity Share Capital |
| 1 | Santosh Kumar Yadav | Promoter | 2,02,99,950 | 43.54% |
| 2 | Anju Devi | Promoter | 2,37,00,000 | 50.85% |
| TOTAL | 4,39,99,950 | 94.39% |
Manba Finance IPO Details,Date Review
KRN heat exchanger IPO GMP Today:->
The KRN Heat Exchanger IPO’s last GMP is ₹239, with an estimated listing price of ₹459, with the price band of 220.00 as of Sep 25th, 2024.(source- investorgain.com)
KRN Heat Exchanger Contact Details:
KRN Heat Exchanger and Refrigeration Limited
Plot No. F – 46, 47, 48, 49 EPIP,
RIICO Industrial Area,
Neemrana, Alwar
Phone: +91 – 9257025440
Email: cs@krnheatexchanger.com
Website: http://www.krnheatexchanger.com/
Manba Finance IPO Details,Date Review
