KRN Heat Exchanger IPO

KRN Heat Exchanger and Refrigeration Ltd's IPO of 1.55 crore shares (INR 341.95 cr) aims to invest in KRN HVAC's new Neemrana facility and fund general corporate purposes.

Important Details

Open Date : September 25, 2024 Close Date : September 27, 2024 Allotment Date: September 30, 2024 Listing Date: October 3, 2024

Important Details

IPO Price: INR 209-220 per share Lot Size: 65 Shares Total Issue Size: INR 341.95 crores

Fundamental Analysis

KRN Heat Exchanger IPO shows mixed performance: 1. Consistent revenue growth. 2. Rising equity, liabilities & total assets. 3. Improved profitability, EPS & RoNW. 4. Strong business growth & investor confidence.

Peer Comparison

1. No listed companies in India operate similarly to KRN Heat Exchanger and Refrigeration Ltd. 2. Industry comparisons are not possible due to the lack of similar businesses.

Objective

KRN Heat Exchanger and Refrigeration Ltd Objective: 1. Invest in subsidiary KRN HVAC Products Pvt Ltd. 2. Establish a new manufacturing facility in Neemrana, Alwar, Rajasthan.

Risks And Challenges

KRN Heat Exchanger IPO Risks: 1. Reliance on key customers. 2. Supply chain disruptions,Competition. 3. Need for ongoing innovation and strong relationships to sustain growth and financial stability in the HVAC market.