KRN Heat Exchanger IPO Dates, Price, GMP & Expert Review— The KRN Heat Exchanger initial public offering (IPO) will open on September 25, 2024, and close on September 27, 2024. The book-built issue of KRN Heat Exchanger is the IPO. With an IPO that includes a new issue of ₹341.5 crores and the offering for sale of up to equity shares with a face value of ₹10 each, the business hopes to raise about ₹341.5 crores. The price range for KRN Heat Exchanger’s IPO is ₹209 to ₹220 per share. HNI is 15%, QIB is 50%, and the retail quota is 35%. On October 3, 2024, KRN Heat Exchanger IPO will list on the BSE and NSE. September 30, 2024 is the date of KRN Heat Exchanger’s allotted IPO.
KRN Heat Exchanger IPO Details
| IPO Open Date | September 25, 2024 |
| IPO Close Date | September 27, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹209 to ₹220 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 15,543,000 shares
(aggregating up to ₹341.95 Cr) |
| Fresh Issue | 15,543,000 shares
(aggregating up to ₹341.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
KRN Heat Exchanger Financials
| FY 2024 | |
| Assets | 258.36 |
| Revenue | 313.54 |
| Profit After Tax | 39.07 |
| Net Worth | 131.65 |
| ROE | 40.86% |
| ROCE | 31.21% |
| Debt/Equity | 0.45 |
| RoNW | 29.68% |
| PAT Margin (%) | 12.67 |
KRN Heat Exchanger IPO Strengths
- The promoters are backed by a highly skilled management team and has a strong leadership presence.
- established commercial ties with esteemed customers.
- efficient quality assurance measures. steady financial results.
- a well-known producing site.
About the Company – KRN Heat Exchanger
In August of 2017, KRN Heat Exchanger And Refrigeration Limited was established. The company produces heat exchangers with fins and tubes for the refrigeration, HVAC, and heating and ventilation sectors. They produce heat exchangers in a range of sizes and shapes based on the needs of the market and/or customers.
They make heat exchanger tubes that have a diameter ranging from 5 mm to 15.88 mm. The company’s goods must pass rigorous quality and control tests in order for cooling systems to function properly. In the industry, the company has received some of the best product approvals.
