KRN Heat Exchanger and Refrigeration IPO Details, Financials, Valuation & Peers
KRN Heat Exchanger and Refrigeration's IPO is opening on September 25 with an issue size of ₹341.5 crore. The company manufactures heat exchangers for the HVAC&R industry.
Overview
KRN Heat Exchanger and Refrigeration Limited specializes in manufacturing fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration (HVAC&R) industry. The company produces a wide range of products, including condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal components. Utilizing non-ferrous metals like copper and aluminum, KRN's products are tailored to meet the specific requirements of customers across various HVAC&R applications. KRN's heat exchangers are designed for multiple industries, including residential and commercial air conditioning, refrigeration, automotive, railway and defense air conditioning. The company emphasizes longevity and corrosion resistance by applying advanced coatings, such as nano and powder coatings, which improve the performance and durability of its products. KRN has also expanded into value-added products through its wholly-owned subsidiary, KRN HVAC Products Private Limited, which focuses on manufacturing specialized heat exchangers.
Key Points:
- Product Range: Fin and tube-type heat exchangers made of copper and aluminum, including condenser coils, evaporator units, fluid and steam coils and sheet metal parts.
- Applications: Products serve air conditioning (residential, commercial, data centers, automotive, railway, and defense), refrigeration (water coolers, chest freezers, beverage coolers) and process cooling industries.
- Customization: Manufactures heat exchangers of various shapes and sizes, with tube diameters ranging from 5mm to 15.88mm, tailored to customer needs.
- Manufacturing Facility: Operates from two industrial plots in the RIICO Industrial Area, Neemrana, Rajasthan.
- Leadership: Led by Mr. Santosh Kumar Yadav, a seasoned professional with over 19 years of industry experience, including roles at Lloyd Electric & Engineering Limited and Luvata Czech plant.
- Subsidiary Expansion: Incorporated KRN HVAC Products Private Limited to focus on manufacturing specialized heat exchangers like bar and plate heat exchangers and oil cooling units.
Objects of the Issue
- Investment in the company's subsidiary KRN HVAC Products Private Limited in the form of equity, for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 25 Sep - 27 Sep 2024 |
| IPO Price Band | ₹209 - ₹220 per share |
| Fresh Issue | 1,55,23,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹341.51 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Sep 2024 |
| IPO Closing Date | 27 Sep 2024 |
| Basis Of Allotment | 30 Sep 2024 |
| Refunds | 01 Oct 2024 |
| Demat Transfer | 01 Oct 2024 |
| IPO Listing Date | 03 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 (Standalone) | 31st March 2022 (Standalone) | 31st March 2023 (Standalone) | 31st March 2024 (Consolidated) |
|---|---|---|---|---|
| Total Income | 76.81 | 158.23 | 249.89 | 313.54 |
| Total Expenses | 73.41 | 143.26 | 204.39 | 257.81 |
| Net Profit/Loss | 2.47 | 10.59 | 32.31 | 39.07 |
| NPM (*) | 3.25 | 6.78 | 13.06 | 12.67 |
| Total Assets | 52.40 | 92.79 | 148.76 | 258.36 |
| Total Liabilities | 39.34 | 67.26 | 89.19 | 126.72 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 (Standalone) | 31st March 2022 (Standalone) | 31st March 2023 (Standalone) | 31st March 2024 (Consolidated) |
|---|---|---|---|---|
| EPS | 0.56 | 2.41 | 7.34 | 8.69 |
| ROE (%) | 23.01 | 54.88 | 75.94 | 40.86 |
| ROCE (%) | 15.75 | 34.65 | 50.46 | 31.21 |
| D/E Ratio | NA | 0.87 | 0.62 | 0.45 |
| Current Ratio | 1.40 | 1.59 | 2.23 | 4.38 |
| EBITDA MARGIN (%) | 7.16 | 10.85 | 19.93 | 18.96 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 253.04 |
| Non-Institutional Investor (NII/HNI) | 430.54 |
| Retail Individual Investor (RII) | 96.74 |
| Total | 213.41 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. SANTOSH KUMAR YADAV
- MRS. ANJU DEVI
- MR. MANOHAR LAL
Lead Managers
- Holani Consultants Private Limited
Company Address
KRN Heat Exchanger and Refrigeration Limited
Plot No. F - 46, 47, 48, 49 EPIP, RIICO Industrial Area, Neemrana, Alwar Rajasthan301705, India
Phone: +91 – 9257025440
Email: cs@krnheatexchanger.com
Website: www.krnheatexchanger.com
FAQs
- What is the issue size of the KRN Heat Exchanger and Refrigeration IPO?The KRN Heat Exchanger and Refrigeration IPO has an issue size of ₹341.51 crore. This includes a fresh issue of 1,55,23,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the KRN Heat Exchanger and Refrigeration IPO?The price band for the KRN Heat Exchanger and Refrigeration IPO is ₹209 - ₹220 per share.
- What are the bidding dates for the KRN Heat Exchanger and Refrigeration IPO?The KRN Heat Exchanger and Refrigeration IPO will open for bidding on 25 Sep 2024 and close on 27 Sep 2024.
- What is the allotment date for the KRN Heat Exchanger and Refrigeration IPO?The allotment date for the KRN Heat Exchanger and Refrigeration IPO is 30 Sep 2024.
- What is the listing date for the KRN Heat Exchanger and Refrigeration IPO?The listing date for the KRN Heat Exchanger and Refrigeration IPO is 03 Oct 2024.
- What is the KRN Heat Exchanger and Refrigeration IPO grey market premium?The grey market premium (GMP) for the KRN Heat Exchanger and Refrigeration IPO is currently at ₹235, with an expected listing gain of approximately 106.82%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.