KRN Heat Exchanger IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 14, 2024Let’s have a detailed review of the company and analytics of the KRN Heat Exchanger IPO release date, IPO offer price, subscription, KRN Heat Exchanger Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs [●] |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
KRN Heat Exchanger IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – KRN Heat Exchanger Share Price |
KRN Heat Exchanger IPO – Summary
Their Company manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”).
Heat exchangers manufactured by them are made of non-ferrous metals primarily Copper and Aluminium. Their product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts.
The promoters of this company are Mr. Santosh Kumar Yadav and Mrs. Anju Devi. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
KRN Heat Exchanger IPO Date
The opening and closing dates of the KRN Heat Exchanger IPO are not available yet.
KRN Heat Exchanger IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
KRN Heat Exchanger IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
KRN Heat Exchanger Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
KRN Heat Exchanger IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
KRN Heat Exchanger IPO Equity Size
This Initial Public Issue of 1,60,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
KRN Heat Exchanger IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 1,60,00,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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KRN Heat Exchanger IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – KRN Heat Exchanger Share Price |
KRN Heat Exchanger IPO Grey Market Premium
The KRN Heat Exchanger Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
KRN Heat Exchanger IPO – Company Overview
They manufacture heat exchangers of various shapes and sizes as per the requirements of the customers and/or demand in the market.
The diameter of the heat exchanger tubes they produce ranges 189 from 5MM to 15.88 MM. Their products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration, and process cooling applications.
Also, their products are vital for the performance of cooling appliances and have undergone stringent quality checks. Their company adheres to some of the industry’s best-quality product accreditations.
KRN Heat Exchanger IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 18,177.58 | 14,875.91 | 9,279.19 | 5,239.53 |
| *Total Revenue | 16,285.31 | 24,988.51 | 15,822.53 | 7,680.95 |
| Total Expense | 13,552.98 | 20,438.84 | 14,325.81 | 7,340.87 |
| Profit After Tax | 1,932.97 | 3,231.35 | 1,059.04 | 246.56 |
Earnings per Equity Share (in Lakhs)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 4.39 | 7.34 | 24.07 | 5.60 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 3,231.35 Lakh, Rs. 1,059.04 Lakh and Rs. 246.56 Lakh respectively.
KRN Heat Exchanger IPO – Promoters
The Promoter of this company is:
- Mr. Santosh Kumar Yadav
- Mrs. Anju Devi
List of Related Parties (Key Managerial Personnel)
- Santosh Kumar Yadav, Chairman and Managing Director
- Anju Devi, Whole Time Director
- Manohar Lal, Non-Executive Director
- Srinivasa Rao Anasingaraju, Independent Director
KRN Heat Exchanger IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
KRN Heat Exchanger IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,60,00,000 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 4,61,36,600 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
KRN Heat Exchanger IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in their wholly owned subsidiary, KRN HVAC Products Private Limited for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”);
- General corporate purposes.
KRN Heat Exchanger IPO – Business Strategy
- Expanding their customer base
- Focus on increasing operational efficiencies to improve returns.
- Enhancing existing product base and product quality
- Regular Improvement in product design and development
KRN Heat Exchanger IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Promoters exhibit strong leadership and are supported by highly experienced senior management.
- Long‐standing business relationships with leading clientele
- Effective quality control checks
- Consistent financial performance
- Established Manufacturing facility
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.34 | 54.24% | 13.54 |
| 31-Mar-22 | 2.41 | 41.48% | – |
| Mar-21 | 0.56 | 18.88% | – |
KRN Heat Exchanger IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| KRN Heat Exchanger Limited | 10 | [●] | 7.34 | 54.24% | 24,988.51 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
KRN Heat Exchanger IPO Lead Managers
| Lead Managers |
| HOLANI CONSULTANTS PRIVATE LIMITED 401 – 405 & 416 – 418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur – 302016 Tel.: +91 0141 – 2203996 Website: www.holaniconsultants.co.in Email: ipo@holaniconsultants.co.in Investor Grievance ID: complaints.redressal@holaniconsultants.co.in Contact Person: Mrs. Payal Jain SEBI Registration No.: INM000012467 |
KRN Heat Exchanger IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri (East), Mumbai – 400093 Tel: +91 22-6263 8200 Fax: +91 22-6263 8299 Website: www.bigshareonline.com Email: ipo@bigshareonline.com Investor Grievance ID: investor@bigshareonline.com Contact Person: Mr. Babu Rapheal C. SEBI Registration Number: INR000001385 |
KRN Heat Exchanger IPO – Other Details
- Statutory Auditor – M/s Keyur Shah & Co., Chartered Accountants
- Legal Counsel to the Company – Chir Amrit Corporate LLP
- Bankers to the Company – HDFC Bank Limited, State Bank of India Limited, Citibank etc
KRN Heat Exchanger IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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KRN Heat Exchanger Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
KRN Heat Exchanger IPO Review FAQs
Check out various FAQs related to KRN Heat Exchanger IPO:
What is the Issue Size of KRN Heat Exchanger IPO?
The Company is making an initial public offer of 1,60,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of KRN Heat IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. NA per share.
What is the KRN Heat IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the KRN Heat IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the KRN Heat IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of KRN Heat IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of KRN Heat IPO?
Here are the promoters of this IPO – Mr. Santosh Kumar Yadav and Mrs. Anju Devi. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of KRN Heat IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is KRN Heat Exchanger IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of KRN Heat Exchanger Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 3,231.35, 2022 is 1,059.04, and 2021 is 246.56. PAT from Sep 2023 is 1,932.97.
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