KRN Heat Exchanger launched its IPO on September 25, 2024. The KRN Heat Exchanger IPO size includes a book-built issue that aims to raise ₹341.95 crores through a fresh issue of 1.55 crore shares. The IPO price band is set between ₹209 and ₹220 per share, with a minimum lot size of 65 shares for retail investors. The IPO Allotment is expected on September 30, 2024, with listing on the BSE and NSE set for October 3, 2024.
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KRN Heat Exchanger IPO Details
| Detail | Information |
| IPO Opening Date | September 25, 2024 |
| IPO Closing Date | September 27, 2024 |
| Listing Date | October 3, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹209 to ₹220 per share |
| Lot Size | 65 shares |
| Total Issue Size | 1,55,43,000 shares (₹341.95 Cr) |
| Fresh Issue | 1,55,43,000 shares (₹341.95 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 43,999,980 shares |
About KRN Heat Exchanger and Refrigeration Limited
KRN Heat Exchanger and Refrigeration Ltd is a maker of fin and tube-type heat exchangers. They produce heat exchangers with copper and aluminium fins, as well as copper tubes. Their products include water coils, condenser coils, and evaporator coils. The company offers heat exchanger tubes in various shapes and sizes, ranging from 5 mm to 15.88 mm in diameter.
The company also exports to UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, and the UK.
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Key IPO Details
- KRN Heat Exchanger IPO Opening Date: September 25, 2024
- KRN Heat Exchanger IPO Closing Date: September 27, 2024
- KRN Heat Exchanger IPO Allotment Date: September 30, 2024
- KRN Heat Exchanger IPO Price Band: ₹209 to ₹220 per share
- KRN Heat Exchanger IPO Lot Size: 65 shares
- IPO Refunds Initiated: October 1, 2024
- Shares Credited to Demat: October 1, 2024
- IPO Listing Date: October 3, 2024
- KRN Heat Exchanger IPO Subscription Status: 24.56 times on September 25, 2024, 5:32:08 PM (Day 1).
KRN Heat Exchanger: Financial Highlights for 2024
KRN Heat Exchanger Limited has shown significant growth in its financial performance. The company’s revenue increased by 20% from the previous year, and profit after tax (PAT) rose by 15%.
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
| 31 Mar 2024 | 258.36 | 313.54 | 39.07 | 131.65 |
| 31 Mar 2023 | 216.00 | 261.00 | 34.00 | 120.00 |
| 31 Mar 2022 | 180.00 | 220.00 | 30.00 | 100.00 |
FAQs | KRN Heat Exchanger IPO
KRN Heat Exchanger and Refrigeration Limited is a prominent manufacturer specializing in fin and tube-type heat exchangers.
The bidding for the KRN Heat Exchanger IPO will take place from September 25, 2024, to September 27, 2024.
The lot size for the KRN Heat Exchanger IPO is set at 65 shares.
The KRN Heat Exchanger IPO launches on September 25, 2024, and will be open for subscription until September 27, 2024.
You can check the status of your IPO allotment by visiting the official registrar’s website.
The allotment of shares for the KRN Heat Exchanger IPO is expected to be finalized on September 30, 2024.
The face value of the KRN Heat Exchanger IPO is set at ₹10 per share.
The price band for the KRN Heat Exchanger IPO is set between ₹209 and ₹220 per share.
The KRN Heat Exchanger IPO offers a total of 1.55 crore shares, with a total issue size of ₹341.95 crores.
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