KRN Heat Exchanger IPO GMP Today, KRN Heat Exchanger IPO Grey Market Premium Updates | KRN Heat Exchanger IPO, Latest target, Opening gain
KRN Heat Exchanger IPO began on 25 September 2024. It will close on 27 September 2024. The Total IPO Size is ₹ 341.95 Crore Approx. The company set its IPO price is ₹ 209 to ₹ 220 per share Per Share. There are three basic categories in KRN Heat Exchanger IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer of fin and tube-type heat exchangers. The company manufactures Copper and Aluminium fins and copper tubes heat exchangers, water coils, condenser coils, and evaporator coils. It manufactures heat exchanger tubes of different shapes and sizes from 5 mm diameter to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. All the products offered are used in the domestic, commercial, and industrial Heating, Ventilation, air conditioning and refrigeration (HVAC&R) industry.
Its manufacturing facility is situated in Neemrana, Rajasthan over an aggregated area of 7,800 sq. mt. The company uses the latest coil manufacturing machines including Hair Pin Bender, Fin Press Machine, CNC Tube Bender, and Vertical Expander.
Daikin Airconditioning India Pvt Ltd, Schnieder Electric IT Business India Pvt Ltd, Kirloskar Chillers Private Ltd, Blue Star Ltd, Climaventa Climate Technologies Pvt Ltd and Frigel Intelligent Cooling Systems India Pvt Ltd are some of the prestigious customers. The company also export products overseas to countries including UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, and more.
KRN Heat Exchanger IPO Details:
| Issuer | KRN Heat Exchanger IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 25 September, 2024 | |
| Issue Closes: 27 September, 2024 | ||
| Price Brand | ₹209 to ₹220 per share | |
| Issue Size | ₹ 341.95 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 65 Shares | |
| Retail (Max) | ₹185,900 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 15,523,000 Shares | |
KRN Heat Exchanger IPO GMP Rates day by day
KRN Heat Exchanger IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,300 |
| Retail (Max) | 13 | 845 | ₹185,900 |
| S-HNI (Min) | 14 | 910 | ₹200,200 |
| S-HNI (Max) | 69 | 4,485 | ₹986,700 |
| B-HNI (Min) | 70 | 4,550 | ₹1,001,000 |
KRN Heat Exchanger IPO Date, Allotment & Listing:
| KRN Heat Exchanger IPO Opening Date: | September 25, 2024 |
| KRN Heat Exchanger IPO Closing Date: | September 27, 2024 |
| Basis of Allotment: | September 30, 2024 |
| Initiation of Refunds: | October 1, 2024 |
| Credit to Demat Account: | October 1, 2024 |
| Listing Date: | October 3, 2024 |
KRN Heat Exchanger Limited Financial Information (Restated)
KRN Heat Exchanger and Refrigeration Limited’s revenue increased by 25.47% and profit after tax (PAT) rose by 20.9% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 258.36 | |||||||||
| Revenue | 313.54 | |||||||||
| Profit After Tax | 3,90,68,600 | |||||||||
| Net Worth | 131.65 | |||||||||
| Total Borrowing | 59.69 | |||||||||
| Amount in ₹ Crore | ||||||||||
Key Performance Indicator
The market capitalization of KRN Heat Exchanger IPO is Rs 1309.51 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 40.86% |
| ROCE | 31.21% |
| Debt/Equity | 0.45 |
| RoNW | 29.68% |
| PAT Margin (%) | 12.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.88 | 6.56 |
| P/E (x) | 24.78 | 33.52 |
Objects of the Issue (KRN Heat Exchanger IPO Objectives)
The net proceed from fresh issue is to be utilized for the following;
- Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan, and
- General corporate purposes.
KRN Heat Exchanger IPO ALLOTMENT STATUS
How to Apply for KRN Heat Exchanger IPO?
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How to Apply KRN Heat Exchanger IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “KRN Heat Exchangers”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply KRN Heat Exchanger IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “KRN Heat Exchanger”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date. 
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is KRN Heat Exchanger IPO?
KRN Heat Exchanger IPO is a main-board initial public offering of 15,523,000 Equity shares of the face value of ₹10 aggregating up to ₹341.95 Crores. The issue price of the IPO is ₹209 to ₹220 Per Equity Share. The minimum order quantity is 65 Shares per application and the offer type is Book Built Issue. The IPO opens on September 25, 2024 and closes on September 27, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The KRN Heat Exchanger IPO opens on September 25, 2024 and closes on September 27, 2024.
How to apply for KRN Heat Exchanger IPO?
You can apply in KRN Heat Exchanger IPO online using either UPI or ASBA as payment method . Holani Consultants Private Limited is the book running lead manager of the KRN Heat Exchanger IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
When KRN Heat Exchanger IPO allotment?
The finalization of Basis of Allotment for KRN Heat Exchanger IPO will be done on September 30, 2024, and the allotted shares will be credited to your demat account by October 1, 2024.
Check the KRN Heat Exchanger IPO allotment status.
When is KRN Heat Exchanger IPO listing date?
The KRN Heat Exchanger IPO listing date is not yet announced. The tentative date of KRN Heat Exchanger IPO listing is October 3, 2024.
What is the lot size of KRN Heat Exchanger IPO?
KRN Heat Exchanger lot size is 65 Shares and the minimum order quantity is 1 Share.