58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

KRN Heat Exchanger and Refrigeration Limited IPO (KRN Heat Exchanger and Refrigeration IPO) Details

KRN Heat Exchanger and Refrigeration Limited is an Engineering based company, located in Alwar, KRN Heat Exchanger and Refrigeration Limited IPO size was 341.95 Cr. and was issued at 220.00 per share. The share of KRN Heat Exchanger and Refrigeration Limited were listed at 478.45 per share and are currently trading at 835.70 per share.

Type :
Sub Sector : Leading Manufacturer Of Fin And Tube-type Heat Exchangers
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
313.54 Cr.

PAT :
39.07 Cr.

Pricing Report

Issue Price :
220.00

Listing Price :
478.45

Current Market Price :
835.70

Issue Price vs CMP :
615.7 (279.86%)

listing Price vs CMP :
357.25 (74.67%)

Performance Report (CAGR* wise)

CAGR : 1070.86
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About KRN Heat Exchanger and Refrigeration

Company Information
KRN Heat Exchanger and Refrigeration Limited manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Heat exchangers manufactured by them are made of non-ferrous metals primarily Copper and Aluminium. Their product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. They manufacture heat exchangers of various shapes and sizes as per the requirements of the customers and/or demand in the market. The diameter of heat exchanger tubes they produce ranges 190 from 5MM to 15.88 MM. Their products are well suited for wide range of air conditioning, heating and ventilation, refrigeration, and process cooling applications
Object of 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

KRN Heat Exchanger and Refrigeration MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Oct, 2024
IPO Size :
341.95 Cr.
Market Cap :
1309.51 Cr.   
IPO Subscription :
213.41 X     
PE Multiple :
33.52
IPO Registrar:
Bigshare Services Private Limited
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FAQs

KRN Heat Exchanger and Refrigeration operates in Engineering and Leading Manufacturer Of Fin And Tube-type Heat Exchangers. The Issue is listed on BSE,NSE in Oct, 2024. KRN Heat Exchanger and Refrigeration IPO size was 341.95 Cr. with Issue price of 220.00 .

Merchant Banker(s) of KRN Heat Exchanger and Refrigeration IPO: Holani Consultants Private Limited

KRN Heat Exchanger and Refrigeration IPO subscription was 213.41 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

KRN Heat Exchanger and Refrigeration IPO listed at a listing price of 478.45 against the offer price of 220.00.

The current market price of KRN Heat Exchanger and Refrigeration is 835.70.

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