KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Detail Review –
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Detail is set to open from 25th Sept 2024 to 27th Sept 2024. In this article we will analyze the financials , strengths and weaknesses of the KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO). Keep scrolling below to read more!
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Overview –
Established in 2017, 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.
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.
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.
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Synopsis-
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) is set to be open from 25th Sept 2024 to 27th Sept 2024, offering fresh issue of 1.55 crore shares aggregating to Rs 341.95 crores. This NSE,BSE IPO follows a Book Built Issue IPO with tentative listing date fixed as Thursday, October 3rd 2024.
The total issue size of this IPO amounts to Rs. 341.95 Crores. The company has allocated shares 35% to retail investors, 50% to institutional and 15% to non institutional investors.
| Particulars | Details |
| Opening Date | 25th Sept 2024 |
| Closing Date | 27th Sept 2024 |
| Lot Size | 65 Shares |
| Face Value | Rs 10 |
| IPO Size | Rs. 341.95 Cr |
| Fresh Issue | Rs. 341.95 Cr |
| IPO Price Range | Rs. 209 – 220 |
| Min. Investment | Rs. 14,300 |
| Offer for Sale (OFS) | N/A |
| Employee Discount | N/A |
| Basis of Allotment | 30th Sept 2024 |
| Refunds | 1st Oct 2024 |
| Listing Date | 3rd Oct 2024 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Market Lot
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) minimum market lot is 65 shares with ₹14,300 application amount. The retail investors can apply up to 13 lots with 1625 shares or ₹195,000 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 65 | ₹14,300 |
| Retail Maximum | 13 | 845 | ₹185,900 |
| S-HNI Minimum | 14 | 910 | ₹200,200 |
| B-HNI Minimum | 70 | 4,550 | ₹1,001,000 |
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Book Running Lead Managers –
- Holani Consultants Pvt. Ltd.
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Registrar to the offer –
The registrar for the KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) is Bigshare Services Pvt Ltd. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
The Objective Of The Issue –
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Investment in wholly owned subsidiary, KRN HVAC Products Private Limited for setting up a new manufacturing plant at Neemrana, Alwar, Rajasthan and;
- General corporate purposes
Key Performance Indicator –
The market capitalization of KRN Heat Exchanger and Refrigeration Limited is Rs 1309.51 Cr.
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 40.86% |
| ROCE: | 31.21% |
| EBITDA Margin: | 18.96% |
| PAT Margin: | 12.67% |
| Debt to equity ratio: | 0.45 |
| Earning Per Share (EPS): | ₹8.69 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.68% |
| Net Asset Value (NAV): | ₹28.53 |
Financial Status –
The KRN Heat Exchanger Limited’s revenue grew by 25.47% and PAT increased by 20.9% between FYs ended 31 March 2024 and 31 March 2023.
Below is the synopsis of the company’s financial data for the financial year that concluded on 31 March 2024.
The company’s total assets are Rs. 9,737.5 crore.
The company’s total revenue is Rs. 1,916.3 crore.
The company’s PAT is Rs. 314.2 crore.
The company’s net worth is Rs.2,006.10 crore
| Particulars(in Rs. Crores) | 31 MAR 24 | 31 MAR 23 | 31 MAR 22 |
|---|---|---|---|
| Revenue From Operations | 313.54 | 249.89 | 158.23 |
| PAT | 39.07 | 32.31 | 10.59 |
| Net Worth | 131.65 | 59.57 | 25.53 |
| Total Assets | 258.36 | 148.76 | 92.79 |
| Total Borrowings | 59.69 | 36.64 | 22.12 |
Evaluation of P/E Ratio :
The P/E Ratio of KRN Heat Exchanger and Refrigeration Limited is 25.32
Comparative Analysis with Listed Peers :
No listed companies. So it is not possible to provide industry comparison.
Peers of KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) –
No listed companies. So it is not possible to provide industry comparison.
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Strengths –
Promoters show excellent leadership, and senior management with a wealth of knowledge backs them up.
Long-term commercial ties with exclusive clients
Reliable quality assurance inspections
Stable financial results
A well-established manufacturing site.
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Weakness –
Mainly relies on its suppliers in China, Malaysia, South Korea, Thailand, Vietnam, and other countries for its raw materials. In the Financial Years 2024, 2023, and 2022, its import purchases made up 78.17%, 79.08%, and 72.16% of the total raw material purchases. The sourcing of its raw materials could be negatively impacted by any nation-related risk or by changes in Government laws regarding the import of commodities or the import of goods from any particular country or region, which could harm its business.
Revenue risk arises from a heavy reliance on Daikin and its top 10 customers
In the absence of long-term client contracts, operational unpredictability results
Raw material availability may be disrupted by a high reliance on leading suppliers
The corporation is exposed to geopolitical risks due to its reliance on imports from particular nations.
In the previous fiscal years, it had negative cash flows from investing activities. Constant negative cash flows could affect its cash flow needs.
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) Status
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) allotment status will be available on Bigshare Services Pvt Ltd.
Click on Link Bigshare Services Pvt Ltd to get allotment status.
KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger IPO) GMP Today –
IPO’s last GMP is ₹240, last updated 24th Sept 2024. With the price band of 220.00, IPO’s estimated listing price is ₹460(cap price + today’s GMP). The expected percentage gain/loss per share is 109.09%.
Note : 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, nor do we recommend trading in grey market.
Conclusion –
Hope the details presented in this blog will assist you in learning about the financial performance of the company. Before making an investment in the company’s upcoming initial public offering (IPO), thoroughly research the company, its finances, business prospects, and market trends.
Also, investors should consult their financial advisor, conduct further due diligence, analyze industry trends and the competitive landscape, and consider risk factors before making an investment decision.
For all such latest information on upcoming IPOs, keep visiting our website.
