{"id":4065,"date":"2024-09-21T14:30:02","date_gmt":"2024-09-21T09:00:02","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4065"},"modified":"2024-09-21T14:30:02","modified_gmt":"2024-09-21T09:00:02","slug":"review-of-krn-heat-exchanger-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-krn-heat-exchanger-ipo\/","title":{"rendered":"Review of KRN Heat Exchanger and Refrigeration Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n<p><strong>KRN Heat Exchanger IPO Price: <\/strong>\u20b9209 to \u20b9220 per share<strong><br>IPO Dates:<\/strong> 25 September 2024 &#8211; 27 September 2024<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"921\" height=\"298\" src=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/09\/KRN-Heat-Exchangers-logo.jpg\" alt=\"KRN Heat Exchanger IPO\" class=\"wp-image-4071\" style=\"width:437px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/09\/KRN-Heat-Exchangers-logo.jpg 921w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/09\/KRN-Heat-Exchangers-logo-300x97.jpg 300w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2024\/09\/KRN-Heat-Exchangers-logo-768x248.jpg 768w\" sizes=\"(max-width: 921px) 100vw, 921px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h2>\n\n\n\n<p>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&amp;R) industry. The company&#8217;s product line includes condenser coils, evaporator units, copper header parts, fluid and steam coils, and sheet metal parts.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Product Offerings<\/h2>\n\n\n\n<p>KRN specializes in the manufacture of copper and aluminium fin and tube heat exchangers, which cater to domestic, commercial, and industrial HVAC&amp;R systems. Their range covers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Water coils<\/li>\n\n\n\n<li>Condenser coils<\/li>\n\n\n\n<li>Evaporator coils<\/li>\n\n\n\n<li>Custom-sized heat exchanger tubes (5 mm to 15.88 mm)<\/li>\n<\/ul>\n\n\n\n<p>These products are designed to control air temperature, humidity, and purity in HVAC systems, serving OEMs and other clients globally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Manufacturing Excellence<\/h2>\n\n\n\n<p>KRN operates out of a consolidated manufacturing facility in Neemrana, Rajasthan, spread over 7,800 sq. mt. Their state-of-the-art plant houses advanced coil manufacturing machines, such as Hair Pin Benders, Fin Press Machines, CNC Tube Benders, and Vertical Expanders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Clientele and Global Presence<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business Expansion<\/h3>\n\n\n\n<p>To further expand its product portfolio, KRN has incorporated a wholly owned subsidiary, KRN HVAC Products Pvt Ltd, focusing on manufacturing heat exchangers currently not produced by the parent company. This move supports forward integration and enhances their offering of value-added products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Revenue Distribution<\/h2>\n\n\n\n<p>As of FY 2024, KRN maintains a diversified customer base of over 115 clients across geographies. However, the company is heavily reliant on Daikin Airconditioning India Pvt Ltd, which accounts for 33.34% of their FY 2024 revenue. The top 10 key customers contribute around 72.31% of the company\u2019s revenue for the same period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Competitive Strengths<\/h2>\n\n\n\n<p><strong>State-of-the-Art Facility:<\/strong> An established and advanced manufacturing setup.<\/p>\n\n\n\n<p><strong>Experienced Leadership:<\/strong> Strong leadership from promoters and senior management.<\/p>\n\n\n\n<p><strong>Robust Client Relationships:<\/strong> Long-standing business relationships with leading clients.<\/p>\n\n\n\n<p><strong>Quality Assurance:<\/strong> Effective quality control measures ensure international quality standards.<\/p>\n\n\n\n<p><strong>Consistent Financial Performance:<\/strong> Proven financial resilience over the years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n<div\n\t\tclass=\"free align wp-block-ctb-countdown-time\"\tid='ctbCountdownTime-1'\n\tdata-nonce='&quot;61dd1ba065&quot;'\n\tdata-attributes='{&quot;cId&quot;:&quot;8a6f5b2d-5&quot;,&quot;destDate&quot;:&quot;2024-09-25T10:00:00&quot;,&quot;padding&quot;:{&quot;vertical&quot;:&quot;10px&quot;,&quot;horizontal&quot;:&quot;15px&quot;,&quot;side&quot;:4,&quot;top&quot;:&quot;10px&quot;,&quot;right&quot;:&quot;15px&quot;,&quot;bottom&quot;:&quot;10px&quot;,&quot;left&quot;:&quot;15px&quot;},&quot;shadow&quot;:{&quot;hOffset&quot;:&quot;1px&quot;,&quot;color&quot;:&quot;rgba(204, 31, 31, 1)&quot;},&quot;boxBG&quot;:{&quot;type&quot;:&quot;solid&quot;,&quot;color&quot;:&quot;var(--ast-global-color-5)&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg,rgb(254,209,199) 45%,rgb(254,141,198) 100%)&quot;},&quot;boxBorder&quot;:{&quot;radius&quot;:&quot;5%&quot;,&quot;color&quot;:&quot;var(--ast-global-color-3)&quot;,&quot;width&quot;:&quot;3px&quot;},&quot;boxShadow&quot;:{&quot;color&quot;:&quot;rgba(57, 64, 67, 1)&quot;,&quot;hOffset&quot;:&quot;2px&quot;,&quot;vOffset&quot;:&quot;2px&quot;,&quot;blur&quot;:&quot;10px&quot;,&quot;spreed&quot;:&quot;2px&quot;},&quot;digitColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;labelColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;isSep&quot;:true,&quot;sepSize&quot;:68,&quot;sepColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;align&quot;:&quot;&quot;,&quot;layout&quot;:&quot;default&quot;,&quot;isResponsive&quot;:true,&quot;boxIsInline&quot;:false,&quot;boxPosition&quot;:&quot;center&quot;,&quot;isLabels&quot;:true,&quot;isDays&quot;:true,&quot;daysLabel&quot;:&quot;Days&quot;,&quot;isHours&quot;:true,&quot;hoursLabel&quot;:&quot;Hours&quot;,&quot;isMinutes&quot;:true,&quot;minutesLabel&quot;:&quot;Minutes&quot;,&quot;isSeconds&quot;:true,&quot;secondsLabel&quot;:&quot;Seconds&quot;,&quot;isExpired&quot;:false,&quot;hideOn0&quot;:false,&quot;hideOnMobile&quot;:false,&quot;hideOnTablet&quot;:false,&quot;prefixSuffixDirection&quot;:&quot;row&quot;,&quot;prefixText&quot;:&quot;&quot;,&quot;suffixButtonText&quot;:&quot;&quot;,&quot;suffixButtonUrl&quot;:&quot;#&quot;,&quot;addID&quot;:&quot;&quot;,&quot;addClass&quot;:&quot;&quot;,&quot;addCSS&quot;:&quot;&quot;,&quot;width&quot;:&quot;0px&quot;,&quot;background&quot;:{&quot;color&quot;:&quot;#0000&quot;},&quot;alignment&quot;:&quot;center&quot;,&quot;boxWidth&quot;:&quot;170px&quot;,&quot;boxHeight&quot;:&quot;120px&quot;,&quot;boxSpace&quot;:&quot;30px&quot;,&quot;digitTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;48px&quot;,&quot;tablet&quot;:&quot;40px&quot;,&quot;mobile&quot;:&quot;32px&quot;}},&quot;labelTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;18px&quot;,&quot;tablet&quot;:&quot;17px&quot;,&quot;mobile&quot;:&quot;16px&quot;}},&quot;isDaysSingleStyle&quot;:false,&quot;daysBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;daysDigitColor&quot;:&quot;#fff&quot;,&quot;daysLabelColor&quot;:&quot;#fff&quot;,&quot;isHoursSingleStyle&quot;:false,&quot;hoursBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;hoursDigitColor&quot;:&quot;#fff&quot;,&quot;hoursLabelColor&quot;:&quot;#fff&quot;,&quot;isMinutesSingleStyle&quot;:false,&quot;minutesBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;minutesDigitColor&quot;:&quot;#fff&quot;,&quot;minutesLabelColor&quot;:&quot;#fff&quot;,&quot;isSecondsSingleStyle&quot;:false,&quot;secondsBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;secondsDigitColor&quot;:&quot;#fff&quot;,&quot;secondsLabelColor&quot;:&quot;#fff&quot;,&quot;sepType&quot;:&quot;:&quot;,&quot;prefixTextTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;15px&quot;}},&quot;prefixTextColor&quot;:&quot;#222&quot;,&quot;suffixButtonTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;16px&quot;}},&quot;suffixButtonColors&quot;:{&quot;color&quot;:&quot;#fff&quot;,&quot;bg&quot;:&quot;#222&quot;},&quot;suffixButtonPadding&quot;:{&quot;vertical&quot;:&quot;14px&quot;,&quot;horizontal&quot;:&quot;28px&quot;},&quot;isDismiss&quot;:false,&quot;dismissColor&quot;:&quot;#333&quot;}'\n\tdata-content='&quot;&quot;'\n><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-buttons alignfull is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-03627597 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill has-medium-font-size\"><a class=\"wp-block-button__link has-ast-global-color-5-color has-text-color has-link-color wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" style=\"border-width:18px;border-radius:32px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--50)\" target=\"_blank\" rel=\"https:\/\/lakshmishree.com\/ipo\/ noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KRN Heat Exchanger IPO<\/strong> Specifics:<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>September 25, 2024 to September 27, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Thursday, October 3, 2024<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9209 to \u20b9220 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>65 Shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>15,543,000 shares<br>(aggregating up to \u20b9341.95 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>15,543,000 shares<br>(aggregating up to \u20b9341.95 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>43,999,980<\/td><\/tr><tr><td>Share holding post issue<\/td><td>59,542,980<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KRN Heat Exchanger IPO<\/strong> Timetable (Important Dates)<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Wednesday, September 25, 2024<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Friday, September 27, 2024<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Monday, September 30, 2024<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Tuesday, October 1, 2024<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Tuesday, October 1, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>Thursday, October 3, 2024<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on September 27, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KRN Heat Exchanger IPO<\/strong> Lot Size<\/h2>\n\n\n\n<p>Bidders have the opportunity to bid for a minimum of 65 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>65<\/td><td>\u20b914,300<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>845<\/td><td>\u20b91,85,900<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>910<\/td><td>\u20b92,00,200<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>69<\/td><td>4,485<\/td><td>\u20b99,86,700<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>70<\/td><td>4,550<\/td><td>\u20b910,01,000<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KRN Heat Exchanger IPO<\/strong> Reservation<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net offer<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Offer<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KRN Heat Exchanger and Refrigeration Limited IPO Financial Information<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2024<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>258.36<\/td><\/tr><tr><td>Revenue<\/td><td>313.54<\/td><\/tr><tr><td>Profit After Tax<\/td><td>39.07<\/td><\/tr><tr><td>Net Worth<\/td><td>131.65<\/td><\/tr><tr><td>Total Borrowing<\/td><td>59.69<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator &#8211; <strong>KRN Heat Exchanger IPO<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>Market Cap <\/td><td>\u20b9 1309.51 Cr.<\/td><\/tr><tr><td>EPS<\/td><td>\u20b98.88<\/td><\/tr><tr><td>P\/E (x)<\/td><td>24.78<\/td><\/tr><tr><td>ROE<\/td><td>40.86%<\/td><\/tr><tr><td>ROCE<\/td><td>31.21%<\/td><\/tr><tr><td>Debt \/ Equity<\/td><td>0.45<\/td><\/tr><tr><td>RoNW<\/td><td>29.68%<\/td><\/tr><tr><td>P\/BV<\/td><td>12.67<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sub><sup>as of Mar 31, 2024<\/sup><\/sub><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>The net proceeds from the fresh issue will be utilized for the following purposes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>General corporate purposes.<\/li>\n\n\n\n<li>Investment in the wholly owned subsidiary, KRN HVAC Products Pvt. Ltd., to establish a new manufacturing facility in Neemrana, Alwar, Rajasthan.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-left is-layout-flex wp-container-core-group-is-layout-7aba0d93 wp-block-group-is-layout-flex\" style=\"padding-top:0;padding-bottom:0\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-fe9cc265 wp-block-group-is-layout-flex\">\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-b29a134256de30bc869dd8dc711c2418\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/apr-2024\/krn-heat-exchanger-and-refrigeration-limited-drhp_82668.html\" target=\"_blank\" rel=\"noreferrer noopener\">KRN Heat Exchanger and Refrigeration Limited IPO DRHP.<\/a><\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-d467abba36e80659a64aac389baf9106\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/sep-2024\/krn-heat-exchanger-and-refrigeration-limited-rhp_86708.html\" target=\"_blank\" rel=\"noreferrer noopener\">KRN Heat Exchanger and Refrigeration Limited IPO RHP.<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KRN Heat Exchanger IPO Price: \u20b9209 to \u20b9220 per shareIPO Dates: 25 September 2024 &#8211; 27 September 2024 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&amp;R) industry. The company&#8217;s product line [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[161,404,162],"class_list":["post-4065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-ipo","tag-krn-heat-exchangers","tag-upcoming-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4065"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4065\/revisions"}],"predecessor-version":[{"id":4112,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4065\/revisions\/4112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4076"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}