The KRN Heat Exchanger IPO is generating buzz in the market, with a book-built issue amounting to ₹341.95 crores. This entirely fresh issue consists of 1.55 crore shares and is set to open for subscription from September 25 to September 27, 2024. If you’re considering investing, here’s everything you need to know about this exciting IPO opportunity.
Key Details of KRN Heat Exchanger IPO
- IPO Open Date: September 25, 2024
- IPO Close Date: September 27, 2024
- Price Band: ₹209 to ₹220 per share
- Minimum Lot Size: 65 shares
- Minimum Investment for Retail Investors: ₹14,300
- Allotment Date: September 30, 2024
- Tentative Listing Date: October 3, 2024
Subscription Details
For retail investors, the minimum investment required is ₹14,300 for a lot of 65 shares. However, for High Net-worth Individuals (HNIs), the minimum lot size investment is significantly higher:
- sNII (Small NII): 14 lots (910 shares) amounting to ₹200,200
- bNII (Big NII): 70 lots (4,550 shares) amounting to ₹1,001,000
Tentative Timeline
Event Date IPO Open Date September 25, 2024 IPO Close Date September 27, 2024 Basis of Allotment September 30, 2024 Initiation of Refunds October 1, 2024 Credit of Shares to Demat October 1, 2024 Listing Date October 3, 2024 About KRN Heat Exchanger and Refrigeration Ltd
KRN Heat Exchanger and Refrigeration Ltd is a prominent manufacturer specializing in fin and tube-type heat exchangers. The company produces a variety of products, including:
- Copper and Aluminium fins
- Copper tubes for heat exchangers
- Water coils, condenser coils, and evaporator coils
With products utilized across the domestic, commercial, and industrial sectors, KRN Heat Exchanger plays a crucial role in the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry.
Clientele and Export Markets
The company boasts an impressive clientele that includes industry leaders like Daikin Airconditioning India Pvt Ltd, Schnieder Electric IT Business India Pvt Ltd, Kirloskar Chillers, and Blue Star Ltd. KRN Heat Exchanger also exports its products to several countries, including the UAE, USA, Germany, and UK, expanding its global footprint.
Why Consider the KRN Heat Exchanger IPO?
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Strong Market Position: KRN Heat Exchanger holds a significant position in the HVAC&R industry, backed by a reputable client base and a history of quality manufacturing.
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Growth Potential: With rising demand for energy-efficient solutions in HVAC, KRN is well-positioned for growth in the coming years.
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Attractive Valuation: The IPO price band provides an entry point for investors looking to tap into a growing sector with robust fundamentals.
Conclusion
The KRN Heat Exchanger IPO is a compelling opportunity for investors looking to diversify their portfolios. With a strong manufacturing base and a growing market demand for HVAC solutions, this IPO could offer significant upside potential.
Make sure to subscribe between September 25 and September 27, 2024, and stay informed about your investment options! Don’t miss out on this hot IPO—consider applying and be part of the growth story with KRN Heat Exchanger.
