KRN Heat Exchanger IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 25 to Sep 27 2024
Price Band
₹209 - 220
Current GMP
₹480 (118.18%)
Subscription
212.08 times
IPO Details
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹209 to ₹220 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 15,543,000 shares (aggregating up to ₹341.95 Cr) |
| Fresh Issue | 15,543,000 shares (aggregating up to ₹341.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 43,999,980 |
| Share holding post issue | 59,542,980 |
IPO Date
September 25, 2024 to September 27, 2024
Listing Date
Thursday, October 3, 2024
Face Value
₹10 per share
Price Band
₹209 to ₹220 per share
Lot Size
65 Shares
Total Issue Size
15,543,000 shares (aggregating up to ₹341.95 Cr)
Fresh Issue
15,543,000 shares (aggregating up to ₹341.95 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
43,999,980
Share holding post issue
59,542,980
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 253.04 |
| Non-Institutional Buyers | 429.13 |
| bNII (bids above ₹10L) | 445.31 |
| sNII (bids below ₹10L) | 396.76 |
| Retail Investors | 94.71 |
| Total ** | 212.08 |
Anchor Investors
1
Qualified Institutions
253.04
Non-Institutional Buyers
429.13
bNII (bids above ₹10L)
445.31
sNII (bids below ₹10L)
396.76
Retail Investors
94.71
Total **
212.08
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 25, 2024 | 1.44 | 55.59 | 27.24 | 26.11 |
| Day 2 Sep 26, 2024 | 3.16 | 136.22 | 56.14 | 58.55 |
| Day 3 Sep 27, 2024 | 253.04 | 429.13 | 94.71 | 212.08 |
DayDay 1
Sep 25, 2024
QIB1.44
NII55.59
Retail27.24
Total26.11
DayDay 2
Sep 26, 2024
QIB3.16
NII136.22
Retail56.14
Total58.55
DayDay 3
Sep 27, 2024
QIB253.04
NII429.13
Retail94.71
Total212.08
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-10-2024 | 220.00 | 248(112.73%) | 468 |
| 02-10-2024 | 220.00 | 248(112.73%) | 468 |
| 01-10-2024 | 220.00 | 245(111.36%) | 465 |
| 30-09-2024 | 220.00 | 270(122.73%) | 490 |
| 29-09-2024 | 220.00 | 270(122.73%) | 490 |
| 28-09-2024 | 220.00 | 275(125%) | 495 |
| 27-09-2024 | 220.00 | 276(125.45%) | 496 |
| 26-09-2024 | 220.00 | 274(124.55%) | 494 |
| 25-09-2024 | 220.00 | 251(114.09%) | 471 |
| 24-09-2024 | 220.00 | 239(108.64%) | 459 |
| 23-09-2024 | 220.00 | 240(109.09%) | 460 |
| 22-09-2024 | 220.00 | 223(101.36%) | 443 |
| 21-09-2024 | 220.00 | 223(101.36%) | 443 |
| 20-09-2024 | 220.00 | 223(101.36%) | 443 |
| 19-09-2024 | NA | 225(%) | 225 |
| 18-09-2024 | NA | 225(%) | 225 |
| 17-09-2024 | NA | 225(%) | 225 |
| 16-09-2024 | NA | 215(%) | 215 |
Date03-10-2024
Price220.00
GMP248(112.73%)
Estimate List Price468
Date02-10-2024
Price220.00
GMP248(112.73%)
Estimate List Price468
Date01-10-2024
Price220.00
GMP245(111.36%)
Estimate List Price465
Date30-09-2024
Price220.00
GMP270(122.73%)
Estimate List Price490
Date29-09-2024
Price220.00
GMP270(122.73%)
Estimate List Price490
Date28-09-2024
Price220.00
GMP275(125%)
Estimate List Price495
Date27-09-2024
Price220.00
GMP276(125.45%)
Estimate List Price496
Date26-09-2024
Price220.00
GMP274(124.55%)
Estimate List Price494
Date25-09-2024
Price220.00
GMP251(114.09%)
Estimate List Price471
Date24-09-2024
Price220.00
GMP239(108.64%)
Estimate List Price459
Date23-09-2024
Price220.00
GMP240(109.09%)
Estimate List Price460
Date22-09-2024
Price220.00
GMP223(101.36%)
Estimate List Price443
Date21-09-2024
Price220.00
GMP223(101.36%)
Estimate List Price443
Date20-09-2024
Price220.00
GMP223(101.36%)
Estimate List Price443
Date19-09-2024
PriceNA
GMP225(%)
Estimate List Price225
Date18-09-2024
PriceNA
GMP225(%)
Estimate List Price225
Date17-09-2024
PriceNA
GMP225(%)
Estimate List Price225
Date16-09-2024
PriceNA
GMP215(%)
Estimate List Price215
IPO Important Dates
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
IPO Open Date
Wednesday, September 25, 2024
IPO Close Date
Friday, September 27, 2024
Basis of Allotment
Monday, September 30, 2024
Initiation of Refunds
Tuesday, October 1, 2024
Credit of Shares to Demat
Tuesday, October 1, 2024
Listing Date
Thursday, October 3, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 27, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,300 |
| Retail (Max) | 13 | 845 | ₹185,900 |
| S-HNI (Min) | 14 | 910 | ₹200,200 |
| S-HNI (Max) | 69 | 4,485 | ₹986,700 |
| B-HNI (Min) | 70 | 4,550 | ₹1,001,000 |
ApplicationRetail (Min)
Lots1
Shares65
Amount₹14,300
ApplicationRetail (Max)
Lots13
Shares845
Amount₹185,900
ApplicationS-HNI (Min)
Lots14
Shares910
Amount₹200,200
ApplicationS-HNI (Max)
Lots69
Shares4,485
Amount₹986,700
ApplicationB-HNI (Min)
Lots70
Shares4,550
Amount₹1,001,000
Financial Information
| Period Ended | 31 Mar 2024 |
| Assets | 258.36 |
| Revenue | 313.54 |
| Profit After Tax | 39.07 |
| Net Worth | 131.65 |
| Total Borrowing | 59.69 |
Period Ended
31 Mar 2024
Assets
258.36
Revenue
313.54
Profit After Tax
39.07
Net Worth
131.65
Total Borrowing
59.69
Key Performance Indicator
| ROE | 40.86% |
| ROCE | 31.21% |
| Debt/Equity | 0.45 |
| RoNW | 29.68% |
| PAT Margin (%) | 12.67 |
| EPS (Rs) | 8.88 |
ROE
40.86%
ROCE
31.21%
Debt/Equity
0.45
RoNW
29.68%
PAT Margin (%)
12.67
EPS (Rs)
8.88
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 45,50,000 (29.27%) | NA |
| QIB Shares Offered | 31,07,455 (19.99%) | NA |
| NII (HNI) Shares Offered | 23,87,215 (15.36%) | |
| bNII > ₹10L | 15,91,477 (10.24%) | 1,748 |
| sNII < ₹10L | 7,95,738 (5.12%) | 874 |
| Retail Shares Offered | 54,98,330 (35.37%) | 84,589 |
| Total Shares Offered | 1,55,43,000 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered45,50,000 (29.27%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered31,07,455 (19.99%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered23,87,215 (15.36%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered15,91,477 (10.24%)
Maximum Allottees1,748
Investor CategorysNII < ₹10L
Shares Offered7,95,738 (5.12%)
Maximum Allottees874
Investor CategoryRetail Shares Offered
Shares Offered54,98,330 (35.37%)
Maximum Allottees84,589
Investor CategoryTotal Shares Offered
Shares Offered1,55,43,000 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The net proceed from fresh issue is to be utilized for the following;
Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan, and
General corporate purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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