KRN Heat Exchanger and Refrigeration Ltd
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 25-09-2024 | 27-09-2024 | ₹10 per share | 220 | 65 Shares | BSE, NSE | 15,543,000 shares (aggregating up to ₹341.95 Cr) | 2024-09-30 00:00:00 | 2024-10-01 00:00:00 | 2024-10-01 00:00:00 | 03-10-2024 |
About The Company
RN Heat Exchanger IPO is a book built issue of Rs 341.95 crores. The issue is entirely a fresh issue of 1.55 crore shares.
KRN Heat Exchanger IPO opens for subscription on September 25, 2024 and closes on September 27, 2024. The allotment for the KRN Heat Exchanger IPO is expected to be finalized on Monday, September 30, 2024. KRN Heat Exchanger IPO will list on BSE, NSE with tentative listing date fixed as Thursday, October 3, 2024.
KRN Heat Exchanger IPO price band is set at ₹209 to ₹220 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,300. The minimum lot size investment for sNII is 14 lots (910 shares), amounting to ₹200,200, and for bNII, it is 70 lots (4,550 shares), amounting to ₹1,001,000.
Holani Consultants Private Limited is the book running lead manager of the KRN Heat Exchanger IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2024 | 258 | 314 | 39 | 131.65 | 0 | 59.69 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Investors | 253.04 |
| Qualified Institutions | 253.04 |
| Non-Institutional Buyers | 430.54 |
| Retail Investors | 96.74 |
| Total | 213.41 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | 14300 |
| Retail (Max) | 13 | 845 | 185900 |
| S-HNI (Min) | 14 | 910 | 200200 |
| S-HNI (Max) | 69 | 4485 | 986700 |
| B-HNI (Min) | 70 | 4550 | 10010000 |
IPO Listing Details
| Listing Date | 03-10-2024 |
| BSE Script Code | 544263 |
| NSE Symbol | KRN |
| ISIN | INE0Q3J01015 |
| Final Issue Price | 220 |
Promoter holdings
Santosh Kumar Yadav, Mrs. Anju Devi, and Mr. Manohar Lal are the company promoters.
Contact Information of the Company
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/
IPO 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/
IPO Lead Manager
Holani Consultants Private Limited (Past IPO Performance)