KRN Heat Exchanger Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹209 - ₹220
- Lot size
- 65 shares
- Issue amount
- ₹341.95 cr
- Total subscription
- 215.68×
- Opens
- 25 Sept 2024
- Closes
- 27 Sept 2024
- Allotment
- 30 Sept 2024
- Listing
- 3 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 1,55,43,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,585
- Fresh issue
- ₹341.5 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,300
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,39,99,980
- Shares after issue
- 5,95,42,980
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 65 | ₹14,300 |
| sHNI | 14 | 910 | ₹2,00,200 |
| bHNI | 70 | 4,550 | ₹10,01,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 1,749 | 1,43,226 |
| HNIs (2-10L) | 874 | 3,32,512 |
| Retail | 84,590 | 60,38,503 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 68.36 | 17,298.62 |
| RETAIL | 120.96 | 12,143.25 |
| NIB | 52.52 | 22,720.46 |
| HNIs 2+ | 17.51 | 7,129.02 |
| HNIs 10+ | 35.01 | 15,591.44 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.69 | 7.34 | 2.41 |
| ROE | 40.86 | 75.94 | 54.88 |
| ROCE | 31.21 | 50.46 | 34.65 |
| RONW | 29.68 | 54.24 | 41.48 |
| PRE IPO(PE) | 24.78 | 0 | 0 |
| POST IPO(PE) | 33.52 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
KRN Heat Exchanger and Refrigeration Limited, incorporated on August 25, 2017, specializes in the design, manufacture, and supply of heat exchangers and refrigeration systems for diverse industrial applications. Its product portfolio includes air-cooled heat exchangers, finned tubes, and pressure vessels, catering to sectors such as oil and gas, power generation, and chemical processing. Supported by a workforce of approximately 240 employees, the company maintains robust manufacturing and technical operations, delivering reliable and efficient solutions across its target industries.
Strengths
- Strong Leadership: Experienced promoters and senior management driving strategic growth.
- Established Clientele: Long-term relationships with key clients ensure business continuity.
- Consistent Financial Growth: Steady revenue and profit growth over the years.
Risk factors
- Revenue Growth Uncertainty: Sustaining past high growth rates may be challenging.
- Customer Dependence: Lack of long-term agreements increases financial and operational vulnerability.
- Supply Chain Risk: Heavy reliance on imported raw materials exposes the company to geopolitical and policy risks.
Promoters
Mr. Santosh Kumar Yadav
Mrs. Anju Devi
Mr. Manohar Lal
Objects of the issue
0
Registrar & documents
Lead manager
Holani Consultants Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. F - 46, 47, 48, 49 EPIP, RIICO Industrial Area, Neemrana, Alwar 301705
+91 – 9257025440
[email protected]Company website ↗Understanding KRN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.