Investing in IPOs offers a valuable opportunity for those looking to diversify their portfolios. With various new offerings in the market, keeping an eye on upcoming IPOs can provide timely insights for investors. KRN Heat Exchanger and Refrigeration Limited is set to launch its IPO, offering potential investors a chance to engage with the company's growth. This blog covers the key details such as issue date, price, and lot size, providing the necessary information to help you make an informed decision. If you're planning to apply for an IPO online, this guide will be useful.
The KRN Heat Exchanger IPO is a book-built issue offering 1.55 crore shares, entirely as a fresh issue. Opening for subscription on September 25, 2024, the IPO will close on September 27, 2024. Investors can expect the allotment to be finalised by September 30, 2024. The KRN Heat Exchanger IPO will be listed on the BSE and NSE both, with a tentative listing date set for October 3, 2024. If you're looking to apply for this IPO online, this opportunity offers a chance to invest in an upcoming market offering.
The price bands for the KRN Heat Exchanger and Refrigeration Limited IPO are yet to be announced. Holani Consultants Private Limited is serving as the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd has been finalised as the registrar. Investors interested in upcoming IPOs like this can stay updated on further announcements and details. As part of the process, applicants can easily apply for this IPO online once the price bands and final details are released.
| KRN Heat Exchanger and Refrigeration Limited IPO open date | September 25, 2024 (Wednesday) |
| KRN Heat Exchanger and Refrigeration Limited IPO close date | September 27, 2024 (Friday) |
| Allotment allocation | September 30, 2024 (Monday) |
| Refund inititiation | October 1, 2024 (Tuesday) |
| Crediting of shares | October 1, 2024 (Tuesday) |
| Date of listing | October 3, 2024 (Thursday) |
| Deadline for UPI mandate confirmation | September 27, 2024, by 5 PM |
Incorporated as a leader in the HVAC&R industry, KRN Heat Exchanger and Refrigeration Ltd specialises in manufacturing fin and tube-type heat exchangers, including copper and aluminium fins and tubes. Their product range caters to domestic, commercial, and industrial applications, offering coils and heat exchangers in varying sizes from 5 mm to 15.88 mm.
Their esteemed clientele includes industry giants like Daikin and Blue Star. Operating a state-of-the-art manufacturing facility in Neemrana, Rajasthan, the company exports to several countries, including the USA, UK, UAE, and Germany, further expanding its global footprint.
KRN Heat Exchanger and Refrigeration Limited reported a notable financial performance, with a revenue increase of 25.47% and a 20.9% rise in profit after tax (PAT) for the fiscal year ending March 31, 2024, compared to the previous year. Despite the promising growth figures, the IPO has yet to debut in the grey market, leaving investors awaiting further developments regarding its market traction.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Total 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 |
| Borrowing | 59.69 | 36.64 | 22.12 |
*Amount in ₹ Crores
The KRN Heat Exchanger and Refrigeration Limited IPO presents a promising opportunity for investors, given the company's strong financial performance. With a 25.47% revenue increase and a 20.9% rise in profit after tax (PAT) between March 2023 and March 2024, the company shows healthy growth in the HVAC&R industry.
Its diversified product portfolio and established relationships with prestigious clients like Daikin, Blue Star, and Schneider Electric further enhance its market credibility. The company also exports to multiple international markets, expanding its global footprint.
Although the IPO is yet to appear in the grey market, the company's solid financials and strategic growth could attract considerable interest from both retail and institutional investors.
The KRN Heat Exchanger and Refrigeration Limited IPO offers an intriguing prospect for those considering upcoming IPOs. As investors seek diverse opportunities, this IPO presents itself at a time when market interest in specialised industries is growing.
Whether you're looking to expand your portfolio or explore the potential in niche sectors, opportunities like this offer a chance to align with evolving market trends. For those interested in exploring unique investment opportunities in upcoming IPOs, it's always beneficial to have the right guidance. Consider reaching out to trusted platforms like Ventura to ensure you're making informed decisions as you apply for an IPO online.
The KRN Heat Exchanger IPO is open for subscription from September 25, 2024, to September 27, 2024.
Holani Consultants Private Limited is the book-running lead manager for this IPO.
The allotment for the KRN Heat Exchanger IPO is expected to be finalised on September 30, 2024.
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