₹ 14300
₹209- ₹220
65
₹480
118
27 Sep 2024
Download1 Oct 2024
3 Oct 2024
Application Details
KRN Heat Exchanger is launching its Initial Public Offering (IPO) from September 25, 2024, to September 27, 2024. The IPO has a face value of ₹10 per share, with the price band set between ₹209 and ₹220 per share. Investors can apply for a minimum lot size of 65 shares. The total issue size comprises 15,543,000 shares, aggregating to ₹341.95 crore, all of which are fresh issues. The IPO follows a Book Built Issue format and the shares will be listed on both the BSE and NSE. The company's shareholding pre-issue stands at 43,999,980 shares, which will increase to 59,542,980 shares post-issue.
The IPO timetable outlines that the offer opens on Wednesday, September 25, 2024, and closes on Friday, September 27, 2024. The basis of allotment will be finalized on Monday, September 30, 2024, with the initiation of refunds starting on Tuesday, October 1, 2024. The credit of shares to investors' Demat accounts is also expected on October 1, 2024, and the company is set to be listed on Thursday, October 3, 2024. Investors are required to confirm their UPI mandates by 5 PM on September 27, 2024.
For retail investors, the minimum application is one lot, consisting of 65 shares at an investment of ₹14,300. The maximum application for retail investors is 13 lots, which includes 845 shares, amounting to ₹1,85,900.
About KRN Heat Exchanger and Refrigeration Limited
Company Overview
Established in 2017, KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer and exporter of fin and tube-type heat exchangers for the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry. The company’s product line includes condenser coils, evaporator units, copper header parts, fluid and steam coils, and sheet metal parts.
Product Offerings
KRN specializes in the manufacture of copper and aluminium fin and tube heat exchangers, which cater to domestic, commercial, and industrial HVAC&R systems. Their range covers:
- Water coils
- Condenser coils
- Evaporator coils
- Custom-sized heat exchanger tubes (5 mm to 15.88 mm)
These products are designed to control air temperature, humidity, and purity in HVAC systems, serving OEMs and other clients globally.
Clientele and Global Presence
The company boasts a prestigious client list, including Daikin Airconditioning India Pvt Ltd, Schneider 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. In addition, KRN exports 33% of its production to international markets, including UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, and the UK.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.