KRN Heat Exchanger IPO GMP, Price, Date, Analysis and Allotment Details

KRN Heat Exchanger IPO is opening for subscription on September 25, 2024, and closing on September 27, 2024. This Main-board IPO aims to raise ₹341.5 crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the KRN Heat Exchanger IPO is fixed at ₹209 – ₹220 per Share, with a market lot of 65 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). KRN Heat Exchanger IPO Allotment will done on September 30, 2024, and KRN Heat Exchanger IPO listing date is October 3, 2024.

 

KRN Heat Exchanger Company Profile

KRN Heat Exchanger is an Indian company specializing in the design, manufacturing, and supply of a wide range of heat exchangers and related products. The company is known for its focus on thermal engineering solutions and serves a diverse set of industries including oil and gas, chemical processing, power generation, HVAC, and food processing. Over the years, KRN Heat Exchanger has built a reputation for producing high-quality, durable, and energy-efficient heat exchangers that meet both national and international standards.

Business Operations

Core Products: KRN Heat Exchanger offers a broad portfolio of thermal solutions, primarily focusing on different types of heat exchangers that cater to specific industrial needs. Their products include:

1. Shell and Tube Heat Exchangers: One of the most common types used across industries, shell and tube heat exchangers are ideal for handling high pressures and temperatures. KRN specializes in both fixed tube and floating head designs, ensuring flexibility for different thermal applications.
2. Plate Heat Exchangers: These compact, energy-efficient exchangers are used in industries where space is a concern. KRN provides plate heat exchangers with gasketed, brazed, and welded designs, making them suitable for food and beverage, HVAC, and pharmaceutical applications.
3. Air-Cooled Heat Exchangers: KRN also designs air-cooled exchangers, which eliminate the need for water as a cooling medium, making them suitable for regions with limited water resources. These exchangers are predominantly used in oil refineries and petrochemical plants.
4. Finned Tube Heat Exchangers: These exchangers improve heat transfer efficiency by adding fins to the tubes. KRN manufactures serrated and plain finned tubes used in power plants, refrigeration systems, and heating applications.
5. Double Pipe Heat Exchangers: Ideal for smaller applications, double pipe exchangers are designed for industries requiring counterflow heat exchange. KRN Heat Exchanger customizes these products based on client specifications, making them widely used in chemical processing and pharmaceutical industries.
6. Specialty Heat Exchangers: KRN also produces custom heat exchangers designed for specific applications, such as marine heat exchangers, gas-to-liquid exchangers, and waste heat recovery systems. These systems play a crucial role in energy conservation by recovering waste heat and reusing it in the production process.

 

KRN Heat Exchanger IPO GMP

 

KRN Heat Exchanger IPO Objectives

The funds raised through the IPO will be utilized for:

1. Investment: To fund the expansion of the manufacturing facility at Neemrana, Alwar, Rajasthan through a wholly-owned subsidiary, KRN HVAC Products Private Limited.
2. General Corporate Purposes: To meet various corporate needs and operational expenses.

 

KRN Heat Exchanger IPO Key Details

• KRN Heat Exchanger IPO Open Date: September 25, 2024
• KRN Heat Exchanger IPO Close Date: September 27, 2024
• KRN Heat Exchanger IPO Size: Approximately ₹341.5 crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• KRN Heat Exchanger IPO Price Band: ₹209 – ₹220 per Equity Share
• KRN Heat Exchanger IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

KRN Heat Exchanger IPO Timeline

• KRN Heat Exchanger IPO Open Date: September 25, 2024
• KRN Heat Exchanger IPO Close Date: September 27, 2024
• Basis of Allotment: September 30, 2024
• Refunds: October 1, 2024
• Credit to Demat Account: October 1, 2024
• KRN Heat Exchanger IPO Listing Date: October 3, 2024

 

How to Apply for KRN Heat Exchanger IPO

Investors can apply for the KRN Heat Exchanger IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

KRN Heat Exchanger Financial Performance (in Crores)

• Year 2021: Revenue ₹76.81, Expense ₹73.41, PAT ₹2.47, Assets ₹52.40
• Year 2022: Revenue ₹158.23, Expense ₹143.26, PAT ₹10.59, Assets ₹92.79
• Year 2023: Revenue ₹249.89, Expense ₹204.39, PAT ₹32.31, Assets ₹148.76

 

KRN Heat Exchanger Valuation FY2023

• Return on Equity (ROE): 75.94%
• Return on Capital Employed (ROCE): 50.46%
• EBITDA Margin: 19.93%
• Profit After Tax (PAT) Margin: 13.06%
• Debt to Equity Ratio: 0.74
• Earnings Per Share (EPS): ₹7.34 (Basic)
• Return on Net Worth (RoNW): 54.24%
• Net Asset Value (NAV): ₹13.54

 

KRN Heat Exchanger Peer Group

• N/A

 

KRN Heat Exchanger Company Promoters

• Mr. Santosh Kumar Yadav
• Mrs. Anju Devi

 

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: ipo@bigshareonline.com

 

KRN Heat Exchanger IPO Allotment Status Check

• Check the KRN Heat Exchanger IPO allotment status on the Bigshare Services website.

 

KRN Heat Exchanger IPO Allotment Link

• Check the KRN Heat Exchanger IPO allotment on the Check ipo Allotment website.

 

KRN Heat Exchanger IPO Lead Managers (Merchant Bankers)

• Holani Consultants Pvt. Ltd.

 

KRN Heat Exchanger Company Address

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: cs@krnheatexchanger.com

 

KRN Heat Exchanger IPO FAQs

 

What is KRN Heat Exchanger IPO?

KRN Heat Exchanger IPO is a Main-board IPO. They are going to raise ₹341.5 crores via IPO. The issue is priced at ₹209 – ₹220 per equity share. The IPO is to be listed on NSE & BSE.

 

When will the KRN Heat Exchanger IPO open?

The IPO is to open on September 25, 2024, for NII, and Retail Investors.

 

What is KRN Heat Exchanger IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the KRN Heat Exchanger IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply KRN Heat Exchanger IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the KRN Heat Exchanger IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the KRN Heat Exchanger IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is KRN Heat Exchanger IPO Size?

KRN Heat Exchanger IPO size is ₹341.5 crores.

 

What is KRN Heat Exchanger IPO Price Band?

KRN Heat Exchanger IPO Price Band is ₹209 – ₹220 per equity share.

 

What is KRN Heat Exchanger IPO Minimum and Maximum Lot Size?

The IPO bid is 65 Shares with ₹14,300.

 

What is KRN Heat Exchanger IPO Allotment Date?

KRN Heat Exchanger IPO allotment date is September 30, 2024.

 

What is KRN Heat Exchanger IPO Listing Date?

KRN Heat Exchanger IPO listing date is October 3, 2024. The IPO to list on NSE & BSE.