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Open
25 Sep 2024
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Close
27 Sep 2024
3
Allotment
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Listing
Thu, Oct 3, 2024
Price Band
₹209 to ₹220
Issue Size
1,55,43,000 shares (agg. up to ₹342 Cr)
Lot Size
65 Shares
Listing Date
Thu, Oct 3, 2024
Latest GMP
₹235
Est. Gain
106.82%
✦ AI Insight
GMP Trend
03-10-2024₹235Est. ₹455+106.82%
02-10-2024₹248Est. ₹468+112.73%
01-10-2024₹245Est. ₹465+111.36%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 151.95x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 258.36 |
| Total Income | 313.54 |
| Profit After Tax | 39.07 |
| NET Worth | 131.65 |
| Total Borrowing | 59.69 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,994.40 (+1.76%) |
| Rappid Valves (India) Ltd. | SME | ₹30.41 Cr | ₹222 | 20.53 | ₹309.35 | +39.35% | ₹321.30 (+0.41%) |
| WOL 3D India Ltd. | SME | ₹25.56 Cr | ₹150 | 14.9 | ₹189.05 | +26.03% | ₹129.50 (+4.99%) |
| Paramount Speciality Forgings Ltd. | SME | ₹32.34 Cr | ₹59 | 12.1 | ₹87.15 | +47.71% | ₹31.85 (-1.24%) |
| Envirotech Systems Ltd. | SME | ₹30.24 Cr | ₹56 | 6.56 | ₹111.70 | +99.46% | ₹80.50 (-1.77%) |
| Shubhshree Biofuels Energy Ltd. | SME | ₹16.56 Cr | ₹119 | 13.89 | ₹198.45 | +66.76% | ₹341.00 (+0.00%) |
| Aeron Composite Ltd. | SME | ₹56.10 Cr | ₹125 | 23.69 | ₹157.50 | +26.00% | ₹81.70 (-1.27%) |
| Associated Coaters Ltd. | SME | ₹5.11 Cr | ₹121 | 20.72 | ₹134.90 | +11.49% | ₹92.00 (+0.00%) |
| Aimtron Electronics Ltd. | SME | ₹87.02 Cr | ₹161 | 27.13 | ₹253.05 | +57.17% | ₹1,383.75 (-0.41%) |
| Vilas Transcore Ltd. | SME | ₹95.26 Cr | ₹147 | 13.12 | ₹225.75 | +53.57% | ₹383.60 (+3.10%) |
| Storage Technologies & Automation Ltd. | SME | ₹29.95 Cr | ₹78 | 48.45 | ₹153.05 | +96.22% | ₹39.70 (+3.93%) |
| Creative Graphics Solutions India Ltd. | SME | ₹54.40 Cr | ₹85 | 17.59 | ₹176.25 | +107.35% | ₹133.05 (-2.42%) |
| Gabriel Pet Straps Ltd. | SME | ₹8.06 Cr | ₹101 | 35.94 | ₹120.75 | +19.55% | ₹108.30 (-5.00%) |
| Megatherm Induction Ltd. | SME | ₹53.91 Cr | ₹108 | 10.68 | ₹207.90 | +92.50% | ₹227.00 (+2.18%) |
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹41.32 (-0.41%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in our wholly owned subsidiary KRN HVAC Products Private Limited in the form of equity, for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”); and | 235.76 |
| 2 | General corporate purposes | 75.36 |
About KRN Heat Exchanger IPO
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.+ Read More
Contact Details
KRN Heat Exchanger & Refrigeration Ltd. AddressPlot No.F-46, 47, 48, 49 EPIPRIICO Industrial AreaNeemrana, AlwarAlwar, Rajasthan, 301705+91 – 9257025440cs@krnheatexchanger.comVisit Website