About KRN Heat Exchanger and Refrigeration LimitedIncorporated in 2017, KRN Heat Exchanger and Refrigeration Limited is a manufacturer of fin and tube-type heat exchangers for heat ventilation, air conditioning and refrigeration industry. Its product portfolio includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. It serves customers in India and abroad. As of FY24, it has a customer base of 115, including Daikin, Schnieder, Kirloskar, Blue Star, Climaventa and Frigel. Meanwhile, the top 10 clients contributed over 72% to overall revenue in FY24. The company has a presence in 20 states and 2 union territories in India and exports its products to other countries, including the UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, Poland, China, Canada, Ireland, France, and others. KRN Heat Exchanger has manufacturing facility is located in Alwar, Rajasthan. As of FY24, it had a supplier base of over 510 suppliers. Its wholly-owned subsidiary, KRN HVAC Products Private Limited, manufactures certain types of heat exchangers that the company does not currently manufacture. The company also wants to maximise this forward integration by further venturing into distribution and sales channels. Between FY22 and FY24, it saw a 25% CAGR rise in its revenue from operations and 54% in its profit. Moreover, the Indian heating, ventilation, and air conditioning (HVAC) market reported a turnover of $9.1 billion in 2023 and is expected to grow at a CAGR of 14.5% until 2029 to reach USD 20.5 billion, which could benefit the company. Now, KRN Heat Exchanger and Refrigeration Limited is launching its initial public offer (IPO). The total IPO issue size is ₹341.9 crore, comprising entirely the fresh issue. The money raised from the fresh issue will be used to invest in its subsidiary to set up a new manufacturing facility in Rajasthan and for general corporate purposes. Its shares will be listed on the NSE and BSE. Here are key details about the KRN Heat Exchanger and Refrigeration IPO:
Financial snapshot
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Here’s a quick look at KRN Heat Exchanger and Refrigeration Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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KRN Heat Exchanger and Refrigeration Limited IPO details| KRN Heat Exchanger and Refrigeration Limited IPO dateAccording to the offer document filed by the company with the SEBI, the KRN Heat Exchanger and Refrigeration IPO’s opening date – in other words, the KRN Heat Exchanger and Refrigeration IPO launch date – will be 25th September 2024. The KRN Heat Exchanger and Refrigeration IPO closing date is 27th September 2024. After this, investors will be updated about the allotment status on 30th September 2024. Investors who have been allotted shares can expect them to be credited to their demat account on 1st October 2024. The KRN Heat Exchanger and Refrigeration IPO listing date is 3rd October 2024. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE. | KRN Heat Exchanger and Refrigeration Limited IPO Price BandThe IPO is a fresh issue. The KRN Heat Exchanger and Refrigeration IPO price band has been set between ₹209 and ₹220 per share. Interested investors can choose a price within this band to apply for the IPO. The KRN Heat Exchanger and Refrigeration IPO listing price will be determined on 3rd October 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. | KRN Heat Exchanger and Refrigeration Limited IPO Lot size The KRN Heat Exchanger and Refrigeration IPO details have been declared. The KRN Heat Exchanger and Refrigeration IPO lot size, is set at 65 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the KRN Heat Exchanger and Refrigeration IPO issue size is approx ₹341.9 crore. |
How to pre-apply for the KRN Heat Exchanger and Refrigeration Limited IPO?You can pre-apply for the KRN Heat Exchanger and Refrigeration Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the KRN Heat Exchanger and Refrigeration Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the KRN Heat Exchanger and Refrigeration Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the KRN Heat Exchanger and Refrigeration Limited IPO on Upstox:
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How to check the KRN Heat Exchanger and Refrigeration Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the KRN Heat Exchanger and Refrigeration Limited IPO allotment status:
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Open a demat account with Upstox to apply for the KRN Heat Exchanger and Refrigeration Limited IPOTo apply for the KRN Heat Exchanger and Refrigeration Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the KRN Heat Exchanger and Refrigeration Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the KRN Heat Exchanger and Refrigeration Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the KRN Heat Exchanger and Refrigeration IPO means applying for this public issue before it goes live. Click here to pre-apply for the KRN Heat Exchanger and Refrigeration IPO on Upstox.
You can pre-apply for the KRN Heat Exchanger and Refrigeration IPO from September 21, 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the KRN Heat Exchanger and Refrigeration IPO opens for the subscription.
The KRN Heat Exchanger and Refrigeration IPO launch date is 25th September 2024. The KRN Heat Exchanger and Refrigeration IPO will be open for subscription till 27th September 2024.
The KRN Heat Exchanger and Refrigeration lot size is 65 shares and the minimum investment required is ₹13,585.
The KRN Heat Exchanger and Refrigeration IPO price band is ₹209 – ₹220 per share.
The size of the KRN Heat Exchanger and Refrigeration IPO is approx. ₹341 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 1st October 2024.
KRN Heat Exchanger and Refrigeration shares will be on NSE and BSE.
KRN Heat Exchanger and Refrigeration shares’ listing date is 3rd October 2024.