I am thrilled to present you with information about the upcoming KRN Heat Exchanger IPO. Being someone who has been closely tracking the HVAC industry, I believe that this IPO is an interesting opportunity for investors.
Introduction to KRN Heat Exchanger IPO
The KRN Heat Exchanger IPO will be launched on September 25, 2024, and will be closed off on September 27, 2024. This is a mainboard IPO with a main target, as it is expected to raise a significant sum of money. The price band announcement will be made in the coming days.
For years now, KRN Heat Exchanger has been increasingly making its mark on the HVAC&R market. Thanks to the growing need for cooling systems, this IPO will be a good point for KRN to further its expansion. The funds will be utilized for the construction of a new plant as well as improvements in production capacities.
KRN Heat Exchanger Company Background
KRN Heat Exchanger and Refrigeration Ltd. are one of the manufacturers of fin and tube heat exchangers. These heat exchangers are an essential part of different cooling and refrigeration systems. The company is mainly engaged in the activities of air conditioning and refrigeration.
KRN’s main products
- Condenser coils
- Evaporator coils
- Fin and tube heat exchangers
These are employed in numerous cooling and air conditioning systems. The company is famous for producing high-quality, long-life products.
KRN Heat Exchanger IPO Details
The following are some of the particulars of the KRN Heat Exchanger IPO:
| Detail | Information |
|---|---|
| Open Date | September 25, 2024 |
| Close Date | September 27, 2024 |
| Lot Size | Minimum bid of 1 lot |
| Face Value | ₹10 per equity share |
| Allotment Date | September 30, 2024 |
| Listing Date | October 3, 2024 |
| Listing On | BSE and NSE |
ASBA or UPI are convenient ways of applying for those who have stock broker platforms especially. Subscription is split, i.e., 50% for QIB, 15% for NII and 35% for retail investors.
Purpose of the IPO
The money coming out of this IPO will be primarily used for the firm’s growth. KRN intends to put up a new factory in Neemrana, Rajasthan. Through this action, the company will be able to fulfil orders from clients that now have short supplies.
Part of it will be used to finance the company’s operations as well. The company is also planning to conduct the in-house core development for the manufacturing of superior heat exchangers.
Financial Performance of KRN Heat Exchanger
Heat Exchanger, KRN is also doing very well financially.
Revenue:
- 2022: ₹158.23 Crore
- 2023: ₹249.89 Crore
- 2024: ₹313.54 Crore
Profit After Tax:
- 2022: ₹10.59 Crore
- 2023: ₹32.31 Crore
- 2024: ₹39.07 Crore
Assets: 258.36 Crore in 2024
Net Worth: 131.65 Crore in 2024
This confirms the fact that the company is growing and has more profit every year
Market Analysis
The Indian HVAC industry has been developing at an exponential rate. The heat exchanger market has been worth USD 625 million (global) in 2022. It is projected that it will grow by the factor of 10% every year. The air conditioners and refrigerators industry is on the rise, and this is the reason HVAC&R is picking up.
KRN Heat Exchanger will be one of those companies that would take advantage of this growth. With their products and the plans to make more they are in a good position.
Risks and Opportunities of KRN Heat Exchanger IPO
Like all investments, this IPO has both bad and good sides.
The below are the risks:
- The stock market tends to fluctuate
- Several other competitors challenge KRN
- The daily cost of turning the materials into stockpiled products might go up
The following are the opportunities:
- Getting more cooling systems sells
- KRN has aimed to produce more.
- Every year the company is making more and more money
How to Apply for KRN Heat Exchanger IPO
If you have an interest in investing in the KRN Heat Exchanger IPO, here is the way you can do it:
- ASBA via the bank account facilities in the bank
- Through UPI with your stockbroker platform.
- Fill out a form at the office of your stockbroker on the street
You have to still be patient and wait for the date to arrive to see if the applications that you have made have got approved or not until some point in September 2024.
Expert Opinions and Market Sentiment
Some experts think that this is a good investment because KRN is growing. Others are wary as they think the business is already full of these companies. The grey market premium might go up as the IPO date gets closer.
Conclusion
The KRN Heat Exchanger IPO is a window for investors to put their money in a company that is experiencing growth. The manufactured heat exchanging devices are related to the cooling systems of the market. It is obviously on an upward growth path but still wants to go further.
In case you wish to invest, you are advised to conduct your research first. It is something you should not skip, as the market is changing; this IPO is nevertheless a good way to go about growth in the long term.
Also Read: Exploring everything about Arkade Developers IPO
FAQs
- What are the opening and closing dates for KRN Heat Exchanger IPO?
It starts on September 25, 2024 and closes on September 27, 2024.
- What is the price band for the KRN Heat Exchanger IPO?
The price band will soon be announced. Look for updates.
- How do I apply for the KRN Heat Exchanger IPO?
You can apply through ASBA or UPI using your bank or stockbroker.