KRN Heat Exchanger IPO

We will have a blockbuster IPO going to hit Dalal Street, after huge returns from Bajaj Housing Finance IPO. It’s none other than KRN Heat Exchanger IPO. Let’s study all the details of the IPO and the company one by one. Then only will decide weather we should apply for it or not.

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What is KRN Heat Exchanger?

KRN Heat Exchanger and Refrigeration Ltd. designs, manufactures and exports copper tube heat exchangers. They also produce water coils with aluminum or copper fins, and condenser and evaporator coils.

These products are widely used in OEMs for heating, air conditioning, refrigeration, Process cooling, and AI.
Its Plant is located in Neemrana, Rajasthan over an area of 7800-7900 Sq. m. The plant is well equipped with required high-quality machines, Quality, and Design expert teams.

Major Client List

The company is the leading one in its sector. Its client base is very strong. They are blue-chip companies. In the last three years, it has added Carrier, Schneider Electric, and more Prestigious OEM customers to its customer list.

Customers of KRN

IPO Details

KNR Heat Exchanger’s total Initial Public offer size is Rs. 341.51Cr. and it is a completely fresh Issue. It is going to open for bid on 25 Sept, 2024 to 27 Sept 2024.
Check the below table for Important dates of KRN Heat Exchanger IPO.

Important Dates for IPO

EVENT DATE
Issue Open25 Sept 2024
Issue Close27 Sept 2024
Allotment of shares30 Sept 2024
Refund Initiation01 Oct 2024
Share credit01 Oct 2024
Listing of shares30 Oct 2024
KRN Heat Exchanger IPO Dates

The Price band is set for Rs.209 to Rs.220. The lowest one lot size is of 65 shares which equals to an amount of 14300 per lot. The lowest lot size for sNII is 14 lots equals 910 shares of Rs.200200. and for bNII is 70 lots eqauls to 4550 shares of Rs.1001000.

Check IPO ALLOTMENT STATUS– Bigsharee

IPO Lot Size

Type of ApplicationLot sizeNo. of SharesAmount in Rupees
Retail-Min16514300
Retail- Max13845185900
sHNI-Min14910200200
sHNI-Max694485986700
bHNI-Min7045501001000
Lot Size for KRN Heat Exchanger IPO

Financial Details of Compay

KRN
Source- Company RHP.

Highlights of Company

  • Strong Leadership with Experienced management
  • High Product standards with effective quality Process
  • Well-established manufacturing facility.

Thank you

104 thoughts on “KRN Heat Exchanger IPO”

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