KRN Heat Exchanger And Refrigeration Ltd. IPO

The KRN Heat Exchanger IPO is a book-built issue aiming to raise Rs 341.95 crores through a fresh issue of 1.55 crore shares. The IPO will be open for subscription from September 25, 2024, to September 27, 2024, with allotment expected by September 30, 2024. The shares are set to list on the BSE and NSE on October 3, 2024. The KRN Heat Exchanger IPO price band is set between Rs 209 to Rs 220 per share. Retail investors can apply with a minimum lot size of 65 shares, requiring an investment of Rs 14,300.

RHP
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DRHP
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Open Date

2024-09-25

Close Date

2024-09-27

IPO Details

Check out the issue details for KRN Heat Exchanger And Refrigeration Ltd. IPO as disclosed in SEBI.

Price Band

₹ 209 - 220

Issue Size

341.51 Cr.

Issue Type

Book Built

Open

2024-09-25

Close

2024-09-27

Listing Date

2024-10-03

Company Financials

You can get the following financial statements of KRN Heat Exchanger And Refrigeration Ltd. as of now.

Subscription Details

The details about the KRN Heat Exchanger IPO are as:

  • The issue size of the IPO is 341.51 Cr.
  • The price band for KRN Heat Exchanger IPO is Rs 209 to Rs 210.
  • The shares of KRN Heat Exchanger IPO will list on 3rd October 2024.
  • The latest tentative GMP of KRN Heat Exchanger IPO is Rs 239.
  • The shares of KRN Heat Exchanger IPO are subscribed 212.72 Times as of 27th September 2024. 

 

KRN Heat Exchanger IPO Valuation

The approx valuation of KRN Heat Exchanger IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 210
Existing Shares (Qty) 4.66 Cr
Fresh Issue 341.51 Cr
Market Cap 1320.11 Cr
EPS (FY24) Rs 8.69
PE Ratio 24.16x

 

KRN Heat Exchanger IPO Issue Size

KRN Heat Exchanger IPO issue size is 341.51 Cr.

Issue Amount
Fresh Issue 341.51 Cr
Offer For Sale 0 Cr

 

KRN Heat Exchanger IPO Market Lot

An Individual can apply for a minimum 1 lot of 65 shares and a maximum of 13 lots of 845 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 65 Rs 14,300
Maximum 13 845 Rs 1,85,900

 

KRN Heat Exchanger IPO share offer

The shares of KRN Heat Exchanger IPO are subscribed 212.72 Times as of 27th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 253.04 Times
Non-Institutional Minimum 15% 429.84 Times
Retail Individual Minimum 35% 95.67 Times
Total   212.72 Times

Allotment Details

Find below the dates for KRN Heat Exchanger IPO:

Schedule Date
Basis of Allotment 30 September 2024
Refunds 1 October 2024
Credit to Demat Account 1 October 2024
IPO Listing Date 3 October 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 75.82 156.11 247.48
Total Expenditure 70.4 139.18 198.16
Operating Profit 5.43 16.94 49.32
Other Income 0.99 2.11 2.4
Interest 1.28 1.54 3.05
Depreciation 1.73 2.54 3.17
Exceptional Items 0 0 0
Profit Before Tax 3.4 14.97 45.5
Provision for Tax 0.94 4.38 13.18
Net Profit 2.47 10.59 32.31
Adjusted EPS (Rs.) 0.06 0.24 0.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 4.4 4.4 44
Total Reserves 8.66 21.13 15.57
Borrowings 10.79 11.01 16.54
Other N/C liabilities 0.47 0.61 0.64
Current liabilities 28.08 55.64 72.01
Total Liabilities 52.4 92.79 148.76
Assets
Net Block 21.28 21.32 32.15
Capital WIP 0 0 0
Intangible WIP 0 0 0
Investments 0 0 0
Loans & Advances 0.05 0.16 0.16
Other N/C Assets 0 0.34 0.68
Current Assets 31.06 70.98 115.77
Total Assets 52.4 92.79 148.76
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 3.4 14.97 45.5
Adjustment 3.11 3.78 5.87
Changes in Assets & Liabilities -7.07 -9.93 -33.04
Tax Paid -0.77 -4.34 -13.26
Operating Cash Flow -1.33 4.48 5.07
Investing Cash Flow -12.97 -2.72 -13.99
Financing Cash Flow 9.37 3.38 11.01
Net Cash Flow -4.92 5.15 2.1
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