Issue Price
₹220
Per Share
GMP
NIL
Grey Market
Est. Listing
₹220
Expected Price
Min. Application
₹28,600
2 lots × 65 shares
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer of fin and tube-type heat exchangers. The company manufactures Copper and Aluminium fins and copper tubes heat exchangers, water coils, condenser coils, and evaporator coils. It manufactures heat exchanger tubes of different shapes and sizes from 5 mm diameter to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. All the products offered are used in the domestic, commercial, and industrial Heating, Ventilation, air conditioning and refrigeration (HVAC&R) industry.Daikin Airconditioning India Pvt Ltd, Schnieder Electric IT Business India Pvt Ltd, Kirloskar Chillers Private Ltd, Blue Star Ltd, Climaventa Climate Technologies Pvt Ltd and Frigel Intelligent Cooling Systems India Pvt Ltd are some of the prestigious customers. The company also export products overseas to countries including UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, and more.Its manufacturing facility is situated in Neemrana, Rajasthan over an aggregated area of 7,800 sq. mt. The company uses the latest coil manufacturing machines including Hair Pin Bender, Fin Press Machine, CNC Tube Bender, and Vertical Expander.
KRN Heat Exchanger & Refrigeration Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 15,543,000 | 100.00% | ₹341.95 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,300 |
| Retail (Max) | 13 | 845 | ₹185,900 |
| sNII (Min) | 14 | 910 | ₹200,200 |
| bNII (Min) | 70 | 4,550 | ₹1,001,000 |
| Particulars | 31 Mar 2024 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | 313.54 | N/A | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 39.07 | N/A | N/A |
| Net Worth | 131.65 | N/A | N/A |
| Total Assets | 258.36 | N/A | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | 59.69 | N/A | N/A |