KRN Heat Exchanger and Refrigeration Limited

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Offer Period :

Established in 2017, is a premier manufacturer and exporter of heat exchangers, coils, and refrigeration components. With a dedicated team with over 20 years of HVAC&R expertise, Read more... they claim to deliver custom solutions meeting global standards.Read less

KRN Heat Exchanger and Refrigeration Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

-

Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

KRN Heat Exchanger and Refrigeration Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

KRN Heat Exchanger and Refrigeration Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22-6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

KRN Heat Exchanger and Refrigeration Limited IPO Lead Manager

1. Holani Consultants Pvt Ltd

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KRN Heat Exchanger and Refrigeration Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of KRN Heat Exchanger and Refrigeration Limited

1. Promoters with strong leadership and supported by a highly experienced senior management.

2. Long standing business relationships with leading clientele.

3. Effective quality control checks.

4. Consistent financial performance.

5. Established Manufacturing facility.

Risks Involved

1. The Company plans to invest the estimated sum of Rs. 22,688.54 lakhs out of the Net proceeds of the Issue into its wholly owned subsidiary namely "KRN HVAC Products Private Limited" for setting up a manufacturing unit ("Proposed Project"). While the company has initiated purchase orders of 17.36% of the capital expenditure to be incurred for the proposed purchase of machinery. In the event of any delay in placing these orders, or if the vendors are not able to provide the equipment / machinery or complete the civil and related works etc. in a timely manner, or at all, may result in time and cost over-runs.

2. Its Objects to issue - "Investment in wholly owned subsidiary for setting up manufacturing facilities" is subject to the risk of unanticipated delays in implementation, cost overruns and certain Government approvals and licenses. If the company is unable to implement the expansion plans at the planned cost or time or unable to obtain Government approvals and licenses, it could materially and adversely impact its business, results of operations and financial condition.

3. The company derives 33.89%, 32.85%, 32.28% and 37.71% of its revenue from the company's top key customer during the period ended on September 30, 2023, and for the Financial Years ended on March 31, 2023, 2022 and 2021 respectively and 75.94%, 70.87%, 75.82% and 78.36% of its revenue from the company's top 10 key customers during the period ended on September 30, 2023, and for the Financial Years ended on March 31, 2023, 2022 and 2021 respectively. The loss of one or more such customers or deterioration of their financial condition or prospects, or a reduction in their requirement for its products could adversely affect the company's business, results of operations, financial condition and cash flows.

4. Its import purchases constitute 80.58%, 79.08%, 72.16% and 58.96% of total raw materials purchased by it for the period ended September 30, 2023 and Financial Years ended on March 31, 2023, March 31, 2022 and March 31, 2021 respectively. Any restrictions, either from the Central or state governments of India, or from countries which the company import from, on such imports may adversely affect its business, prospects, financial condition and results of operations.

5. The company is dependent on third parties for the supply of raw materials and such providers could fail to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition. Further its 78.76%, 78.48%, 70.07% and 78.48% of the company total purchases are derived from its top 10 suppliers for the period ended September 30, 2023 and Financial Years ended on March 31, 2023, March 31, 2022 and March 31, 2021 respectively.

6. The company is subject to risks resulting from foreign exchange rate fluctuations, which could adversely affect its results of operations. Further, a decline in India's foreign exchange reserves and higher interest rates in the Indian economy could also adversely affect the company.

7. The company has significant working capital requirements which are funded through borrowings for the period ended September 30, 2023, and Financial Years 2023, 2022 and 2021. If the company is unable to secure adequate working capital loans on commercially reasonable terms it could have a material adverse effect on its business, financial condition, and results of operations.

8. Its business is dependent on the company manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

9. An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of its products may give rise to product liability claims and negatively affect its business prospects and financial performance.

10. The company has experienced growth in the past few years and if the company is unable to sustain or manage its growth, its business and results of operations may be adversely affected.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

KRN Heat Exchanger and Refrigeration Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE0Q3J01015
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is KRN Heat Exchanger and Refrigeration Limited IPO?

Answer Field

KRN Heat Exchanger and Refrigeration Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When KRN Heat Exchanger and Refrigeration Limited IPO will open?

Answer Field

The KRN Heat Exchanger and Refrigeration Limited IPO opens on [-] and closes on [-].

What is the lot size of KRN Heat Exchanger and Refrigeration Limited?

Answer Field

KRN Heat Exchanger and Refrigeration Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for KRN Heat Exchanger and Refrigeration Limited IPO?

Answer Field

You can apply in KRN Heat Exchanger and Refrigeration Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is KRN Heat Exchanger and Refrigeration Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for KRN Heat Exchanger and Refrigeration Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is KRN Heat Exchanger and Refrigeration Limited IPO listing date?

Answer Field

The KRN Heat Exchanger and Refrigeration Limited listing date is [-].

Who is the registrar of KRN Heat Exchanger and Refrigeration Limited IPO?

Answer Field

The registrar of KRN Heat Exchanger and Refrigeration Limited IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Holani Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of KRN Heat Exchanger and Refrigeration Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to KRN Heat Exchanger and Refrigeration Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for KRN Heat Exchanger and Refrigeration Limited IPO?

Answer Field

To apply for KRN Heat Exchanger and Refrigeration Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of KRN Heat Exchanger and Refrigeration Limited?

Answer Field

The price of each KRN Heat Exchanger and Refrigeration Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for KRN Heat Exchanger and Refrigeration Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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