Koolking Industries IPO: Fresh Issue, OFS And Expansion Plans Explained
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Koolking Industries files DRHP for a ₹300 crore IPO, plans three new plants and reports 22.4% profit growth in FY26. Read more about the proposed issue.
Koolking Industries India has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for the Koolking Industries IPO, which includes a fresh issue of ₹300 crore. The offer will also have an offer-for-sale (OFS) of up to 30.5 lakh shares by the company’s promoters.
The Punjab-based maker of heating, ventilation and air conditioning (HVAC) components could also raise up to ₹60 crore through a pre-IPO placement. If that happens, the fresh issue will be reduced by the amount raised. The Koolking Industries IPO DRHP was filed on 23 September.
Where Will The IPO Funds Be Used?
A large part of the fresh issue will go towards expanding the company’s manufacturing capacity.
Under the Koolking Industries IPO, the company has set aside ₹138.4 crore from the fresh issue to establish new units at Malerkotla in Punjab, Sri City in Andhra Pradesh and Ghiloth in Rajasthan.
The company will spend another ₹14.5 crore on machinery and equipment at its existing plants. It has also earmarked ₹60 crore to meet working capital needs. The balance will be used for general corporate purposes.
How Did Koolking Industries Perform In FY26?
The company’s profit for the year ended March 2026 stood at ₹33.2 crore. That was higher than the ₹27.1 crore recorded a year earlier, marking a 22.4% rise.
Revenue also moved up during the year. It grew 9% to ₹526.7 crore in FY26, compared with ₹483.1 crore in FY25.
Keynote Financial Services will manage the IPO as the merchant banker. The proposed issue will be subject to the required regulatory approvals and other applicable conditions.
About Koolking Industries
Koolking Industries started operations in 2008 and now has five manufacturing plants spread across Punjab, Uttar Pradesh, Rajasthan and Andhra Pradesh. Together, these facilities can produce 41.92 crore units a year.
Its products are used in commercial and residential air conditioners, as well as refrigeration equipment.
Also Read - AssetGro Fintech Plans Up To ₹2,500 Crore IPO With ₹800 Crore Fresh Issue
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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