KRN Heat Exchanger and Refrigeration IPO
KRN Heat Exchanger and Refrigeration IPO is listed on BSE and NSE, priced at ₹209–₹220 per share. The stock debuted at ₹480, delivering a listing gain of 118.2%. The IPO had a lot size of ₹65 shares and a minimum investment of ₹14,300.
KRN Heat Exchanger and Refrigeration IPO
- IPO Dates
- Sep 25, 2024 – Sep 27, 2024
- Price band
- ₹209-220 per equity share
- Minimum Investment
- ₹14,300
- Issue size
- ₹341.95 Cr
- Lot size
- 65
- Allotment Date
- Sep 30, 2024
- Listing
- Oct 3, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 25, 2024
Open Date
Completed
-
Sep 27, 2024
Close Date
Completed
-
Sep 30, 2024
Allotment Date
Completed
-
Oct 3, 2024
Listing Date
Completed
Price Summary
- Last closing
- 1,184.00 (438.18%)
- 52 week high
- 1,405.00
- 52 week low
- 589.80
- Last update
KRN Heat Exchanger and Refrigeration IPO Essentials
KRN Heat Exchanger and Refrigeration IPO Details
KRN Heat Exchanger and Refrigeration IPO is priced at ₹209-220 per share with a total issue size of 341.95 crore. The IPO has a lot size of 65 shares and is listed on BSE and NSE.
- Issue price
- ₹209-220 per equity share
- Lot size
- 65 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 15,523,000 shares(aggregating up to ₹341.5 Cr)
- Total issue size
- 1,55,43,000 shares
(aggregating up to ₹341.95 crore) - Fresh issue
- 1,55,43,000 shares
(aggregating up to ₹341.95 crore) - Listing at
- BSE, NSE
- List price
- 480.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Holani Consultants Private Limited
Market Lot Size
Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹14,300 |
| Retail(max) | 13 | 845 | ₹1,85,900 |
KRN Heat Exchanger and Refrigeration IPO Reservation
KRN Heat Exchanger and Refrigeration IPO reservation details show category-wise allocation of shares. Out of the total 1,55,43,000 shares, approximately 19.99% are reserved for QIB, 15.36% for NII, 35.37% for retail investors, and 29.27% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 45,50,000 (29.27%) | |
| QIB Shares Offered | 31,07,455 (19.99%) | |
| NII (HNI) Shares Offered | 23,87,215 (15.36%) | |
| bHNI > ₹10L | 15,91,477 (10.24%) | 1,748 |
| sHNI < ₹10L | 7,95,738 (5.12%) | 874 |
| Retail Shares Offered | 54,98,330 (35.37%) | 84,589 |
| Total Shares Offered | 1,55,43,000 (100%) |
KRN Heat Exchanger and Refrigeration IPO Analytics
KRN Heat Exchanger and Refrigeration IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
KRN Heat Exchanger and Refrigeration IPO Subscription Status
KRN Heat Exchanger and Refrigeration IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,107,455 |
2,387,215
1,591,477
795,738
|
5,498,330 | 10,993,000 |
|
Day 1
25-09-24 05:00 PM
|
1.44 x |
53.88x
43.16x
75.32x
|
23.96 x | 24.09 x |
|
Day 2
26-09-24 05:00 PM
|
3.16 x |
135.85x
111.74x
184.06x
|
55.53 x | 58.17 x |
|
Day 3
27-09-24 05:00 PM
|
253.04 x |
428.04x
445.31x
393.49x
|
93.07 x | 211.03 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 62,91,460 (Approx) | —x | —x | 71.39x |
KRN Heat Exchanger and Refrigeration Valuations
Earnings
- EPS Pre IPO
- 8.88
- EPS Post IPO
- 6.56
- P/E Pre IPO
- 24.78
- P/E Post IPO
- 33.52
Returns
- ROE
- 40.86%
- ROCE
- 31.21%
- RoNW
- 29.68%
- PAT Margin
- 12.67
Fundamentals
- Debt / Equity
- 0.45
KRN Heat Exchanger and Refrigeration Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 258.36 | 148.76 | 92.79 |
| Revenue | 313.54 | 249.89 | 158.23 |
| Profit After Tax | 39.07 | 32.31 | 10.59 |
| Net Worth | 131.65 | 59.57 | 25.53 |
| Total Borrowing | 59.69 | 36.64 | 22.12 |
KRN Heat Exchanger and Refrigeration Company & Offer Insights
About KRN Heat Exchanger and Refrigeration
KRN Heat Exchanger and Refrigeration Limited is a prominent manufacturer of fin and tube-type heat exchangers for the HVAC&R industry. The company's product lineup includes condenser coils, evaporator units, and various other components made primarily from copper and aluminium, tailored to client specifications with tube diameters ranging from 5MM to 15.88 MM.
KRN's products are utilised in a wide range of applications including residential and commercial air conditioning, refrigeration for food and beverages, and specialised cooling systems for data centres and medical equipment. To ensure longevity and efficiency, the company applies advanced protective coatings like nano and powder coatings to critical parts.
Manufacturing is conducted at KRN's extensive facilities located in the RIICO Industrial Area, Neemrana, Rajasthan. These plants are equipped with state-of-the-art technology to maintain high standards of quality and productivity. KRN holds several key certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and others, reflecting its commitment to quality and environmental management.
KRN Heat Exchanger and Refrigeration Promoter(s)
Mr. Santosh Kumar Yadav, Mrs. Anju Devi, Mr. Manohar Lal are the company's promoters of KRN Heat Exchanger and Refrigeration.
KRN Heat Exchanger and Refrigeration IPO Issue Objectives
- •
- Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan
- •
- General corporate purposes.
KRN Heat Exchanger and Refrigeration IPO - Anchor Investors
KRN Heat Exchanger and Refrigeration raises over Rs 100 crore from anchor investors.
Holani Venture Capital Fund is the largest buyer amongst the participants in the anchor book, buying 8.58 lakh equity shares worth Rs 18.87 crore at the upper price band, followed by Mint Focused Growth Fund, which picked 6.36 lakh shares worth Rs 14 crore.
The Rajasthan-based company in its filing to exchanges said it has finalised allocation of 45.5 lakh equity shares to anchor investors at a price of Rs 220 per equity share.
Whiteoak Capital Mutual Fund, Bandhan Small Cap Fund, VQ Fastercap Fund, and Ashoka India Equity Investment Trust bought 4.54 lakh shares worth Rs 10 crore each.
KRN Heat Exchanger and Refrigeration IPO - Strengths and Risks
KRN Heat Exchanger and Refrigeration IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
KRN Heat Exchanger and Refrigeration
+91 – 9257025440
http://www.krnheatexchanger.com/
Plot No. F - 46, 47, 48, 49 EPIP, RIICO Industrial Area, Neemrana, Alwar 301705
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
KRN Heat Exchanger and Refrigeration IPO is a book-built IPO worth ₹341.95 crore. The price band is ₹209–₹220 per share. The IPO opens on Sep 25, 2024 and closes on Sep 27, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of KRN Heat Exchanger and Refrigeration IPO is ₹209 to ₹220 per share.
The lot size of KRN Heat Exchanger and Refrigeration IPO is 65 shares.
The minimum investment for KRN Heat Exchanger and Refrigeration IPO is approximately ₹14,300 based on the upper price band .
KRN Heat Exchanger and Refrigeration IPO opens on Sep 25, 2024 and closes on Sep 27, 2024.
The allotment date of KRN Heat Exchanger and Refrigeration IPO is Sep 30, 2024.
KRN Heat Exchanger and Refrigeration IPO is expected to be listed on Oct 3, 2024, on BSE and NSE .
KRN Heat Exchanger and Refrigeration IPO listed on Oct 3, 2024. It was issued at ₹480.0(NSE) and is currently around ₹1184.00 as on 14-May-2026 3:30 PM, which is approximately 438.2% versus issue price. The 52-week high is ₹1,405.00.
Based on listing and post-listing performance, KRN Heat Exchanger and Refrigeration IPO delivered around 438.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy KRN Heat Exchanger and Refrigeration IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
KRN Heat Exchanger and Refrigeration IPO valuation snapshot: P/E 33.52, EPS 6.56, P/B N/A, RoNW 29.68%, and market cap N/A.
To apply for KRN Heat Exchanger and Refrigeration IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of KRN Heat Exchanger and Refrigeration IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for KRN Heat Exchanger and Refrigeration IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check KRN Heat Exchanger and Refrigeration IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the KRN Heat Exchanger and Refrigeration IPO allotment status on IPO Ji for quick and easy access.