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Bidding Date
25-Sep-2024 to
27-Sep-2024
Issue Size
₹341.51 Cr
Price Band
₹209 to ₹220
Allotment date
30-Sep-2024
Listing date
03-Oct-2024
Lot size
65
No. of shares
1,55,23,000
Fresh issue/OFS
₹341.51 Cr /--
Established in 2017, KRN Heat Exchanger And Refrigeration Ltd specializes in the production of heat exchangers primarily made from non-ferrous metals like copper and aluminum. These products are used in a variety of applications, ranging from air conditioning systems to process cooling and refrigeration. The company's product lineup includes condenser coils, evaporator coils, headers/copper parts, sheet metal parts, and more. It also customizes heat exchangers to cater to specific client needs across industries. The company has built a wide customer base, including prestigious clients like Daikin, Schneider Electric, and Blue Star, which reinforces its reputation in both domestic and international markets.
Read our in-depth analysis of the KRN Heat Exchanger And Refrigeration Ltd IPO Here 
Category
Status
QIBs
253x
NIIs
428.4x
Retail
93.6x
Others
--
Total
211.4x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Sai Parenteral’s | 372 - 392 | 24-Mar-2026 to 27-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| TIPCO Engineering India | 84 - 89 | 23-Mar-2026 to 25-Mar-2026 |
The issue size of KRN Heat Exchanger And Refrigeration is ₹341.51 Cr.
KRN Heat Exchanger And Refrigeration falls into Machinery & Equipments industry.
The KRN Heat Exchanger And Refrigeration IPO will be listed on both NSE and BSE.
The open and close dates for the KRN Heat Exchanger And Refrigeration are 25-Sep-2024 & 27-Sep-2024.
The price band for the KRN Heat Exchanger And Refrigeration ipo is ₹209 to ₹220
The listing date of KRN Heat Exchanger And Refrigeration IPO is 03-Oct-2024.
The purpose of this IPO is to raise fresh capital.
KRN Heat Exchanger And Refrigeration total subscription ratio is 211.4X.
Key financial of the KRN Heat Exchanger And Refrigeration are:
| KRN Heat Exchanger And Refrigeration | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 308.28 | 247.48 | 156.11 |
| EBIT (₹ Cr) | 54.46 | 46.14 | 14.39 |
| Proft after Tax (₹ Cr) | 39.39 | 32.31 | 10.59 |
| Debt (₹ Cr) | 70.6 | 36.65 | 22.13 |
| Net Worth (₹ Cr) | 130.29 | 59.57 | 25.53 |
| RoE (%) | 30.23 | 54.24 | 41.48 |
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