There’s a growth in the market for primary products at this moment. KRN Heat Exchanger’s IPO is scheduled to begin.
The company has revealed the price range. The price range of KRN Heat Exchanger IPO has been fixed at between Rs 209 and Rs 220. Let us know about this IPO in detail –
KRN Heat Exchanger IPO Is Opening On 25 September
The company’s IPO will open on 25 September 2024. Investors will have a chance till 27 September 2024 to bet on the IPO.
The company has made a lot of 65 shares. Due to this investors will have to bet at least Rs 14,300. Let us tell you, that the company will be listed on both BSE and NSE.
A maximum of 50 percent of the KRN Heat Exchanger IPO will be reserved for qualified institutional buyers.
At the same time, at least 35 percent of the share will be reserved for retail investors.
Let us tell you, that at least 15 percent of shares will be reserved for non-institutional investors as well.
Size Of Rs 341.51 crore
The size of KRN Heat Exchanger IPO is Rs 341.51 crore. The company can issue 1.55 crore shares through fresh issues.
Holani Consultants Private Limited has been appointed as the book-running lead manager for this IPO.
What Is The Current Financial Condition Of The Business?
The revenue of KRN Heat Exchanger and Refrigeration Limited has increased by 25.47 percent in 2024 as compared to FY 2023.
At the same time, profit after tax payment has increased by 20.90 percent. The company’s clients include Daikin, Schnieder Electric, Kirloskar, Blue Star, etc.
The company was successful in raising Rs 9.54 crore through pre-IPO placement before the IPO. The company had allotted 4.77 lakh shares at Rs 200 per share.
Quick Fact
| Company name | KRN Heat Exchanger |
|---|---|
| IPO opening date | 25 September 2024 |
| IPO closing date | 27 September 2024 |
| Price range | ₹209 – ₹220 |
| Lot size | 65 shares |
| Minimum investment | ₹14,300 |
| Qualified institutional buyers reservation | 50% |
| Retail investors reservation | 35% |
| Non-institutional investors reservation | 15% |
| IPO size | ₹341.51 crore |
| Fresh issue size | 1.55 crore shares |
| Lead manager | Holani Consultants |
| Revenue growth in 2024 | 25.47% |
| Profit after tax growth in 2024 | 20.90% |
| Pre-IPO funds raised | ₹9.54 crore |
| Pre-IPO share allotment | 4.77 lakh shares |
| Pre-IPO share price | ₹200 |
| Notable clients | Daikin, Schneider Electric, Kirloskar, Blue Star |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
