₹14,300 / 65 shares
KRN Heat Exchanger and Refrigeration IPO Details
Issue Date
--
Price Range
₹209 - ₹220
Lot Size
65
IPO Size
₹341.95 Cr
KRN Heat Exchanger and Refrigeration IPO Listing Details
Listing On
3 Oct'24
Issue Price
₹220
Listed Price
₹ 480
Retail Gain/Listing Gain
▲118.18%
Schedule of KRN Heat Exchanger and Refrigeration IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
03/10/2024
KRN Heat Exchanger and Refrigeration Company Background
The company manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (HVAC&R).
The company produces condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts.
With that, let's take a look at the competitive strength and risk factors for KRN Heat Exchangers and Refrigeration Limited:
KRN Heat Exchanger and Refrigeration Competitive Strengths
Long‐standing business relationships with leading clientele
Their experience in automated production facilities is focused on research and development, coupled with technologically advanced, quality consistency on-time delivery and cost-competitive manufacturing technology processes. This has resulted in solid relationships with some of the leading air-conditioning manufacturers like Daikin Air conditioning since 2018, Schneider Electric IT Business India Private Limited since 2019 and Kirloskar Chillers Private Limited since 2020.
Established Manufacturing facility
The company’s years of experience in precision engineering, strategically located production facilities, and focus on design, coupled with technologically advanced and cost-competitive manufacturing technology processes have enabled them to meet their customers’ bespoke and stringent requirements. They have full-service capabilities across the product cycle including product design and development, material sourcing, designing, testing and measurement infrastructure, all under one roof.
Consistent Financial Performance
The company has shown consistent quality in terms of revenues and profitability. The revenue from operations increased to 30,828.31 lakhs in 2024 from 15,611.46 lakhs, growing at a CAGR of 25.46%, EBITDA has risen to 5,845.24 lakhs from 1,693.56, increasing at a CAGR of 51.12%, and profit after tax increased to 3,906.86 at a CAGR of 54.52%.
Risk Factors
-
The company is dependent on a single customer namely Daikin Air conditioning India Private Limited. Any reduction in the demand for our products from this customer will hurt their business.
-
The company does not have long-term contracts with any of its suppliers.
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The company relies heavily on their vendors from Malaysia, South Korea, Thailand, Vietnam and China. Any country-related risk or change in government policies in relation to import of goods can hurt the business.
Key Strategies
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Expand the customer base
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Focus on increasing operational efficiencies to improve returns.
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Enhance existing products base and product quality
KRN Heat Exchanger and Refrigeration Key Financials
Here are the key financials for KRN Heat Exchangers Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for KRN Heat Exchanger and Refrigeration Ltd IPO?
Here are the steps to apply for KRN Heat Exchanger and Refrigeration Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
KRN Heat Exchanger and Refrigeration IPO FAQs
The KRN Heat Exchanger and Refrigeration IPO opens for subscription from [-] to [-], with a total issue size of ₹341.95 Cr. The IPO price band is ₹209 to ₹220 per share with a lot size of 65. The company aims to list the shares on BSE & NSE on 03-10-2024.
The KRN Heat Exchanger and Refrigeration IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the KRN Heat Exchanger and Refrigeration IPO is 65 equity shares, requiring a minimum investment of ₹14300 for retail investors applying in the IPO.
The price band of the KRN Heat Exchanger and Refrigeration IPO has been fixed at ₹209 to ₹220 per equity share.
You can apply for the KRN Heat Exchanger and Refrigeration IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
KRN Heat Exchanger and Refrigeration IPO allotment will take place on [-].
You can check the KRN Heat Exchanger and Refrigeration IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
KRN Heat Exchanger and Refrigeration shares will list on the stock exchanges on 03-10-2024.
You can find detailed information about the KRN Heat Exchanger and Refrigeration IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The KRN Heat Exchangers IPO has an issue size of ₹341.95 crores. The IPO opens for subscription on 25/09/2024 and closes on 27/09/2024.
Bigshare Services Private Limited is the registrar for this IPO.
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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