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KRN Heat Exchanger IPO Details 2024

IPO Status: Upcoming [25th Sep 2024 to 27th Sep 2024]

Rated 3/5 by Team InvestorGain
KRN Heat Exchanger IPO Detail

KRN Heat Exchanger Mainline IPO worth of 1.55 Cr Shares is coming soon. it is a Mainline IPO which will list on BSE, NSE.

IPO opening and closing dates, IPO price band and lot size are yet to be announced.

Stay connected with us to get the complete KRN Heat Exchanger Mainline IPO 2024 details including business overview, financial performance, IPO opening and closing dates, GMP, issue details and subscription details.

KRN Heat Exchanger IPO Details

IPO Issue Opening Date: 25th Sep 2024
IPO Issue Closing Date: 27th Sep 2024
IPO Issue Price: ₹TBD Per Share
DRHP: Download DRHP
RHP: Download RHP
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35%
IPO Issue Type: Book Build Issue
IPO Issue Size: 1.55 Cr Shares
Fresh Issue: 1.55 Cr Shares
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 94.39%
Promoter Holding Post IPO:

KRN Heat Exchanger IPO Important Dates

Get important updates regarding KRN Heat Exchanger IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

KRN Heat Exchanger IPO dates
IPO Activity Date
Basis of Allotment Date* 30th Sep 2024
Refunds Initiation* 1st Oct 2024
Credit of Shares to Demat* 1st Oct 2024
IPO Listing Date* 3rd Oct 2024

* - Tentative Dates

KRN Heat Exchanger IPO Lots

IPO Activity Date
Issue Price ₹TBD
Market Lot: TBD Shares
1 Lot Amount: ₹TBD
Min Small HNI Lots(2-10 Lakh): TBD -
Min Big HNI Lots(10+ Lakh): TBD -

KRN Heat Exchanger IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
19-09-2024NA225--₹225 (%)19-Sep-2024 23:28
IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - KRN Heat Exchanger

KRN Heat Exchanger And Refrigeration Limited was founded in August 2017. The company manufactures fin and tube heat exchangers for the heating, ventilation, air conditioning and refrigeration industries. They manufacture heat exchangers in various shapes and sizes depending on customer requirements and/or market demand. The diameter of the heat exchanger tubes they produce ranges from 5 mm to 15.88 mm.

The company's products are essential to the performance of cooling systems and are subjected to stringent quality and control tests. The company has some of the best product approvals in the industry.

The company has a large customer base in various parts of India and the world. Reputed customers like Daikin Air Conditioning India Private Limited, Schnieder Electric IT Business India Private Limited, Kirloskar Chillers Private Limited, Blue Star Limited, Climaventa Climate Technologies Private Limited and Frigel Intelligent Cooling Systems India Private Limited confirm the company's commitment to deliver world-class products and excellent services.

To expand the company's business and take advantage of forward integration, the company has set up a wholly-owned subsidiary, namely KRN HVAC Products Private Limited, to add value-added products to its existing portfolio.

KRN Heat Exchanger IPO Strengths

  • The promoters have a strong leadership personality and are supported by a highly experienced management team.
  • Long‐standing business relationships with leading clients.
  • Effective quality controls.
  • Consistent financial performance.
  • Established production facility.
Incorporation Sector IPO Issue Size Website
2017 Heat Exchanger Products 1.55 Cr Shares http://www.krnheatexchanger.com/

KRN Heat Exchanger IPO Objective

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.

Our experts can help you prepare for SME IPO

KRN Heat Exchanger and Refrigeration Limited Financial Information (Proforma Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets258.36148.7692.79
Revenue313.54249.89158.23
Profit After Tax39.0732.3110.59
Net Worth131.6559.5725.53
Total Borrowing59.6936.6422.12
Amount in ₹ Crore

Company Address

KRN Heat Exchanger and Refrigeration Limited
Plot No. F - 46, 47, 48, 49 EPIP,
RIICO Industrial Area,
Neemrana
Alwar,Rajasthan-301705
India
Website: http://www.krnheatexchanger.com/
Phone: +91 – 9257025440
Email: [email protected]

KRN Heat Exchanger IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: [email protected]

KRN Heat Exchanger IPO Lead Manager

KRN Heat Exchanger IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for KRN Heat Exchanger? Should I apply in KRN Heat Exchanger IPO?

Last Updated on 19-Sep-2024 23:32:54

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase KRN Heat Exchanger IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply KRN Heat Exchanger IPO with Zerodha.

Alternate approch to apply in KRN Heat Exchanger IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

KRN Heat Exchanger IPO Review and Important Updates

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Apply in KRN Heat Exchanger IPO online

To subscribe or apply in KRN Heat Exchanger IPO, you can use the following methods:

MethodDetails
KRN Heat Exchanger IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in KRN Heat Exchanger IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in KRN Heat Exchanger IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in KRN Heat Exchanger IPO. Most of the Syndicate Banks provide access to apply in KRN Heat Exchanger IPO via ASBA process. You must have your net banking access, DP ID information to apply in KRN Heat Exchanger IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in KRN Heat Exchanger IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

KRN Heat Exchanger IPO Review and Important Updates

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KRN Heat Exchanger IPO Application is not yet available.

 

KRN Heat Exchanger IPO is going to be list on 03-10-2024.

Other relevant questions:

When KRN Heat Exchanger IPO will be listing? KRN Heat Exchanger IPO listing date?KRN Heat Exchanger IPO date of listing

 

KRN Heat Exchanger IPO Allotment Date is 30-09-2024.

Other relevant questions:

KRN Heat Exchanger IPO share allotment date?KRN Heat Exchanger IPO allotment date?

 


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