KRN Heat Exchanger IPO

KRN Heat Exchanger and Refrigeration Ltd

₹13,585 /65 sharesMinimum Investment

KRN Heat Exchanger IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹220.00₹480.00₹260.00 (118.18%)
KRN Heat Exchanger IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
25 Sep ‘24 - 27 Sep ‘24₹13,58565₹209 - ₹220
Issue SizeIPO Doc
341.51CrRHP PDF
Subscription rateAs of 27 Sep'24, 04:00 PM
Qualified Institutional Buyers223.48x
Non-Institutional Investor410.11x
Retail Individual Investor88.29x
Total196.39x
About KRN Heat Exchanger
KRN Heat Exchanger and Refrigeration is a manufacturer of fin and tube-type heat exchangers for the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry. The company’s heat exchangers are primarily made from non-ferrous metals such as copper and aluminium. The product range includes condenser coils, evaporator units, evaporator coils, copper/header parts, fluid and steam coils, and sheet metal components. These products can be used in air conditioning, heating, ventilation, refrigeration, and process cooling applications.;Founded in
2017
Managing director
Mr. Santosh Kumar Yadav
Parent organisation
KRN Heat Exchanger and Refrigeration Ltd
Strengths & Financials of KRN Heat ExchangerStrengths
Risks
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environment management systems, and ISO 45001:2018 for health and safety management systems. 
To add more products to its portfolio and thereby expand its operations and enhance forward integration, the company has established a subsidiary, KRN HVAC Products Private Limited.
KRN Heat Exchanger and Refrigeration has customer bases in both the domestic and international markets. Some popular clients of the company are Daikin Airconditioning India, Schneider Electric IT Business India, Kirloskar Chillers, Blue Star, Climaventa Climate Technologies, and Frigel Intelligent Cooling Systems India, among others.
The company claims to have an in-house facility to perform quality checks on its products. These include helium leak tests, water leak tests, contamination tests, salt spray testing, burst pressure testing, and pressure cycle testing. Additionally, the production team members hold BS EN ISO-13585 certification, which qualifies them for the testing of brazing—a critical process in heat exchanger manufacturing.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 156.11 crore in FY22 (standalone) to Rs 247.48 crore in FY23 (standalone) to Rs 308.28 crore in FY24 (consolidated), while PAT increased from Rs 10.59 crore in FY22 (standalone) to Rs 32.31 crore in FY23 (standalone) to Rs 39.07 crore in FY24 (consolidated).
KRN Heat Exchanger Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of KRN Heat Exchanger IPOApply asPrice bandApply upto
Regular₹209 - 220₹2 Lakh
High Networth Individual₹209 - 220₹2 - 5 Lakh
For KRN Heat Exchanger IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹220.00	₹480.00	₹260.00 (118.18%)

Bidding Dates	Min. Investment	Lot Size	Price Range
25 Sep ‘24 - 27 Sep ‘24	₹13,585	65	₹209 - ₹220

Issue Size	IPO Doc
341.51Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹209 - 220	₹2 Lakh
High Networth Individual	₹209 - 220	₹2 - 5 Lakh

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Qualified Institutional Buyers	223.48x
Non-Institutional Investor	410.11x
Retail Individual Investor	88.29x
Total	196.39x