KRN Heat Exchanger and Refrigeration Limited IPO

KRN Heat Exchanger and Refrigeration Limited IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment for the KRN Heat Exchanger IPO is expected to be finalized on Monday, September 30, 2024. KRN Heat Exchanger IPO will list on BSE, and NSE with a tentative listing date fixed as Thursday, October 3, 2024.

KRN Heat Exchanger IPO price band is set at ₹209 to ₹220 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,300. The minimum lot size investment for sNII is 14 lots (910 shares), amounting to ₹200,200, and for bNII, it is 70 lots (4,550 shares), amounting to ₹1,001,000.

KRN Heat Exchanger IPO is a book built issue of Rs 341.95 crores. The issue is entirely a fresh issue of 1.55 crore shares.

KRN Heat Exchanger IPO Details

KRN Heat Exchanger IPO Lot Size

Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

KRN Heat Exchanger IPO Objectives

The net proceeds from the fresh issues are to be utilized for the following;

1. Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan, and
2. General corporate purposes.

About KRN Heat Exchanger and Refrigeration Limited

KRN Heat Exchanger and Refrigeration Ltd is a premier manufacturer of fin and tube-type heat exchangers, specializing in copper and aluminum fins and tubes and water, condenser, and evaporator coils. The company produces tubes of various diameters, catering to the HVAC&R industry across the domestic, commercial, and industrial sectors. With esteemed clients like Daikin, Schneider Electric, and Blue Star, KRN also exports to countries including the USA, UAE, and Germany. Their state-of-the-art manufacturing facility in Neemrana, Rajasthan spans 7,800 sq. meters and is equipped with advanced machines like Hair Pin Benders and CNC Tube Benders.

KRN Heat Exchanger and Refrigeration Limited Financial Information

KRN Heat Exchanger IPO Reservation

KRN Heat Exchanger IPO Timeline

KRN Heat Exchanger IPO opens on September 25, 2024, and closes on September 27, 2024.