What is the issue size of KRN Heat Exchanger and Refrigeration Ltd IPO?

The issue size of the KRN Heat Exchanger and Refrigeration Ltd IPO is 3415100000.00.

What is 'pre-apply' for KRN Heat Exchanger and Refrigeration Ltd IPO?

Pre-apply will allow you to apply for the KRN Heat Exchanger and Refrigeration Ltd IPO 2 days before the subscription period starts.

If I pre-apply for KRN Heat Exchanger and Refrigeration Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the KRN Heat Exchanger and Refrigeration Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my KRN Heat Exchanger and Refrigeration Ltd IPO order is placed?

We will notify you when your KRN Heat Exchanger and Refrigeration Ltd IPO order is placed with the exchange.

What are the open and close dates of the KRN Heat Exchanger and Refrigeration Ltd IPO?

KRN Heat Exchanger and Refrigeration Ltd IPO will be open between 25 Sep '24 and 27 Sep '24.

What is the lot size and minimum order quantity of the KRN Heat Exchanger and Refrigeration Ltd IPO?

KRN Heat Exchanger and Refrigeration Ltd IPO lot size is 65 and minimum order quantity is 910.

What is the allotment date for the KRN Heat Exchanger and Refrigeration Ltd IPO?

KRN Heat Exchanger and Refrigeration Ltd IPO allotment date is 30 Sep '24. For KRN Heat Exchanger and Refrigeration Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of KRN Heat Exchanger and Refrigeration Ltd IPO?

For KRN Heat Exchanger and Refrigeration Ltd, the IPO registrar is Bigshare Services Pvt Ltd . You can check KRN Heat Exchanger and Refrigeration Ltd IPO allotment status on the website of the registrar.

Where is the KRN Heat Exchanger and Refrigeration Ltd IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

KRN Heat Exchanger IPO

KRN Heat Exchanger and Refrigeration Ltd

₹13,585 /65 sharesMinimum Investment

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
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.

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

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsIPOMutual FundsNFOCreditBill Payments
GROWW
About UsPricingBlogMedia & PressCareersHelp and SupportTrust and Safety
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemapIncome Tax Calculator
ⓒ 2016-2024 Groww. All rights reserved, Built with ♥in India

ABOUT GROWW

Groww is India’s No.1 Stock Broker and Trading Platform with more than 1 crore active customers where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO, and F&Os, to invest their money without hassles.

Groww objectively evaluates stocks and mutual funds and does not advise or recommend any stocks, mutual funds or portfolios. Investors shall invest at their own discretion, will and consent. Groww, at any time, does not guarantee fixed returns on the capital invested.

Groww helps investors -

· By providing 100% paperless online free Demat and trading account opening

· By providing an objective evaluation of products available on the platform

· By being transparent about fees and charges involved while investing in a product

· By offering decision-making assistance by providing technical analysis with advanced charts, well-designed line & candlestick charts that indicate share price movements, and market indices, along with more details about all registered and listed companies

SECURE TRANSACTIONS ON GROWW

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform.

TRADE AND INVEST SECURELY WITH GROWW

Stocks, Mutual fund investments, F&Os, etc., are very popular with individual investors because of their numerous benefits. On Groww, an investor can -

- Invest in Nifty 50 (NSE) & Sensex (BSE) listed stocks

- Diversify across multiple stocks and other instruments

- Start SIP with any amount (as low as Rs. 500)

- Switch regular funds to direct funds

- Start automated monthly investments (SIP), and benefit from many more features

All type of mutual funds are available on Groww.

INVESTING IN MUTUAL FUND PORTFOLIOS

Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you.

ATTENTION INVESTORS

1. For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

2. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

3. KYC is a one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

4. If you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account.

· Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

· Awareness regarding guidelines on Margin collection

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

DISCLAIMER

Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (CIN: U65100KA2016PTC092879) is a member of NSE & BSE with SEBI Registration no: INZ000301838, Depository Participant of CDSL Depository with SEBI Registration no: IN-DP-417-2019 and Mutual Fund distributor with AMFI Registration No: ARN-111686. Registered office and Correspondence office - No.11, 2nd floor, 80 FT Road, 4th Block, S.T Bed, Koramangala, Bengaluru – 560034. For any grievances related to Stock Broking/DP, please write to [email protected] , please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.

Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Unless otherwise specified, all returns, expense ratio, NAV, etc are historical and for illustrative purposes only. Future will vary greatly and depends on personal and market circumstances. The information provided by our blog is educational only and is not investment or tax advice.

Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance.

Terms and conditions of the website/app are applicable. Privacy policy of the website is applicable.