KRN Heat Exchanger and Refrigeration Limited IPO

KRN Heat Exchanger and Refrigeration Limited IPO

KRN Heat Exchanger and Refrigeration Limited is an Indian company specializing in the design, manufacturing, and supply of heat exchangers and refrigeration equipment. The company serves a wide range of industries by providing innovative solutions for heat transfer and refrigeration needs. These products are essential in processes requiring temperature control, such as HVAC systems, chemical processing, food and beverage, oil and gas, and power generation.

Key Areas of Focus:

Products and Solutions:

  • Heat Exchangers: KRN offers a variety of heat exchangers, including shell and tube, plate, and air-cooled models. These are used in industries that require efficient thermal energy transfer.
  • Refrigeration Systems: The company manufactures industrial refrigeration units for cooling processes, cold storage, and other refrigeration applications across industries.
  • Customized Solutions: They provide custom-built products to meet the specific requirements of clients in various sectors.

Industries Served:

  • HVAC (Heating, Ventilation, and Air Conditioning): KRN’s heat exchangers are used to enhance energy efficiency in HVAC systems.
  • Food and Beverage: Refrigeration systems are crucial for preserving perishable items, and KRN supports companies in this industry with reliable equipment.
  • Chemical and Petrochemical: The company’s products are widely used for thermal management in chemical processes.
  • Power Generation: Efficient cooling systems and heat exchangers are essential in the power industry to manage the heat produced during energy generation.
  • Oil and Gas: KRN provides heat exchangers designed to operate in the challenging environments of the oil and gas sector.

Technology and Innovation:

  • KRN is known for integrating modern technologies into its product lines to improve efficiency and sustainability.
  • The company also invests in R&D to innovate its offerings to meet the growing demand for environmentally friendly solutions, such as energy-efficient heat exchangers and low-emission refrigeration systems.

Manufacturing Capabilities:

  • KRN operates advanced manufacturing facilities equipped with the latest technologies for producing heat exchangers and refrigeration equipment.
  • The company ensures that its products meet international quality standards, making them suitable for domestic and global markets.

Sustainability Focus:

  • With an increasing focus on energy efficiency and reducing carbon footprints, KRN’s products are designed to be energy-saving and environmentally friendly, contributing to sustainability efforts across industries.

Global Presence:

  • KRN Heat Exchanger and Refrigeration Limited caters not only to the Indian market but also has an expanding international presence. They export products to various regions, further establishing their brand in the global heat exchanger and refrigeration industry.

KRN Heat Exchanger and Refrigeration Limited stands out for its strong engineering expertise, high-quality products, and commitment to innovation, making it a trusted name in the industrial refrigeration and heat exchange sector.

KRN Heat Exchanger and Refrigeration Limited IPO Timetable

ParticularDate
IPO Open Date25 Sep 2024
IPO Close Date27 Sep 2024
Allotment Date30 Sep 2024
IPO Listing Date03 Oct 2024

KRN Heat Exchanger and Refrigeration Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 209 to Rs. 220 Per Equity Share
Market Lot65 Share
ISIN Code
Listing AtNSE, & BSE
Issue SizeApprox. Rs. 342 Crore.

KRN Heat Exchanger and Refrigeration Limited IPO Lot Size

ApplicationLotsSharesAmount
Minimum165Rs. 14300
Maximum13845Rs. 185900
Small HNI (Minimum)14910Rs. 200200
Big HNI (Minimum)674550Rs. 1001000

KRN Heat Exchanger and Refrigeration Limited IPO Allotment Status

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Company Financials:

Particular31 March 202331 March 2022
Total Assets148.7692.79
Total Revenue249.89158.23
Profit After Tax32.3110.59
For the year/period ended (₹ in million)

Company Promoters:

Mr. Santosh Kumar Yadav, Mrs. Anju Devi, and Mr. Manohar Lal are the company promoters.

Objects of this Issue:

  • Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan.
  • General corporate purposes.

Registrar & Company Details

Company Contact InformationIPO Registrar
KRN Heat Exchanger and Refrigeration Limited

Plot No. F – 46, 47, 48, 49 EPIP,
RIICO Industrial Area,
Neemrana, Alwar
Phone: +91 – 9257025440
Email: cs@krnheatexchanger.com
Website: http://www.krnheatexchanger.com/
Bigshare Services Pvt Ltd




Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

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