KRN Heat Exchanger IPO 2024 | Key Information for Investors.

The KRN Heat Exchanger IPO and Refrigeration Ltd IPO is creating a buzz in the market with a promising entry into the stock exchange. If you plan you’re to invest, this blog covers all the essential details, including timelines, financials, and lot sizes, presented in an easy to read format.

Table of Contents

    About KRN Heat Exchanger and Refrigeration Ltd:

    KRN Heat Exchanger and Refrigeration Ltd

    KRN Heat Exchanger is a major player in the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) sector. The company is known for its copper and aluminum heat exchangers and serves prestigious clients like Daikin, Blue Star, and Voltas. Its products are exported to several countries, including the USA, UAE, Germany, and the UK.

    KRN Heat Exchanger and Refrigeration Limited IPO Details:

    CategoryDetails
    IPO Date September 25, 2024 to September 27, 2024
    Listing Date (Tentative) October 3, 2024
    Price Band₹209 to ₹220 per share
    Lot Size 65 Shares
    Total Issue Size ₹341.95 crore
    Issue Type Book Built Issue IPO
    Listing at BSE, NSE
    Pre-issue Share Holding 43,999,980 shares
    Post-issue Share Holding59,542,980 shares
    Lead ManagerHolani Consultants Private Limited
    RegistrarBigshare Services Pvt Ltd
    Heat Exchanger IPO Details

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    IPO Reservation Categories:

    CategoryShares Offered % of Total Issue
    Anchor Investors 45,50,000 shares29.27%
    QIB (Qualified Buyers)31,07,455 shares 19.99%
    NII (Non-Institutional)23,87,215 shares15.36%
    Retail Investors (RII) 54,98,330 shares35.37%
    Total Shares Offered1,55,43,000 shares100%
    IPO Reservation Categories

    Key Dates for Investors:

    EventDate
    IPO Open Date September 25, 2024
    IPO Close DateSeptember 27, 2024
    Basis of AllotmentSeptember 30, 2024
    Initiation of RefundsOctober 1, 2024
    Credit of SharesOctober 1, 2024
    Listing DateOctober 3, 2024
    Key Dates for Investors

    Investment Categories and Lot Sizes:

    Investor CategoryMinimum Lots SharesInvestment (₹)
    Retail (Min)165₹14,300
    Retail (Max)13845₹185,900
    S-HNI (Min)14910₹200,200
    S-HNI (Max)694485 ₹986,700
    B-HNI (Min)704550₹1,001,000
    Categories and Lot Sizes

    Financial Performance of KRN Heat Exchanger:

    The financial performance of KRN Heat Exchanger has shown significant growth over recent fiscal years. Below are the restated financial details for the company:

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    Financial MetricFY 2023 FY 2024
    Total Assets (₹ Cr)148.76258.36
    Revenue (₹ Cr)249.89 313.54
    Profit After Tax (₹ Cr) 32.31 39.07
    Net Worth (₹ Cr)59.57131.65
    Debt (₹ Cr)36.6459.69
    Financial Performance

    Performance Indicators:

    Indicator Value(FY24)
    ROE 40.86%
    ROCE 31.21%
    Debt/Equity0.45
    PAT Margin12.67%
    EPS (₹)6.56
    P/E Ratio (x)33.52
    Performance Indicators

    Anchor Investors in KRN IPO:

    The IPO raised ₹100.10 crore from anchor investors on September 24, 2024.

    Anchor InvestorsLock-in Period End Date
    50% SharesOctober 30, 2024
    Remaining Shares (50%)December 29, 2024
    Anchor Investors in KRN IPO

    Why Invest in KRN Heat Exchanger and Refrigeration Ltd IPO?

    Invest in KRN Heat Exchanger IPO

    Industry Leadership: KRN Heat Exchanger is a recognized leader in the HVAC&R industry, offering key products used in the construction and manufacturing sectors.

    Diverse Client Base: The company supplies major players such as Daikin, Blue Star, and Voltas, ensuring consistent demand.

    Global Presence: KRN exports to countries such as Germany, the USA, the UAE, and more, positioning itself as a global player.

    Strong Financial Growth: The company is financially sound with a PAT Margin of 12.67% and a Return on Equity (ROE) of 40.86%.

    How to Apply for KRN Heat Exchanger IPO?

    You can apply for the KRN Heat Exchanger & Refrigeration Ltd. IPO through your stockbroker’s platform, such as Zerodha, or Upstox, or directly from your bank if they offer IPO services. For UPI-based applications, ensure you confirm the UPI mandate before 5 PM on September 27, 2024.

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    KRN Heat Exchanger IPO Review:

    The KRN Heat Exchanger IPO offers an exciting opportunity for medium to long-term investors. The company is well-positioned in the growing HVAC&R market, with strong financial growth, a solid client base, and expansion plans. Investors looking to diversify their portfolios can consider subscribing to this IPO.

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    Final Verdict: With positive financials and a leading market position, the IPO is a good investment choice for retail investors and HNIs. However, consult your financial advisor to determine if this fits your investment strategy.

    Bottom Line:

    KRN Heat Exchanger IPO is shaping into a noteworthy opportunity in the manufacturing sector. With strong financial growth, industry leadership, and a global presence, this IPO is a good fit for investors seeking to capitalize on medium to long-term gains in the HVAC&R space. Please don’t miss out on your calendar for the important dates, and make sure your application is ready before the deadline.

    FAQ’s:

    The price band for the KRN Heat Exchanger IPO is set between â‚¹209 and ₹220 per share. Investors can bid for shares within this range.

    The IPO opened on September 25, 2024, and closed on September 27, 2024. The allotment date is expected to be September 30, 2024, with the listing date tentatively set for October 3, 2024.

    The total issue size of the KRN Heat Exchanger IPO is 1.55 crore shares, aggregating up to â‚¹341.95 crore. The issue is a book-built IPO, and all shares are part of a fresh issue.

    The promoters of KRN Heat Exchanger and Refrigeration Ltd are Mr. Santosh Kumar Yadav, Mrs. Anju Devi, and Mr. Manohar Lal. They hold a significant portion of the company’s shares pre-IPO, and their collective holding will reduce post-IPO.

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