KRN Heat Exchanger IPO
About KRN Heat Exchanger and Refrigeration Ltd
KRN Heat Exchanger and Refrigeration Ltd specializes in the manufacturing of high-quality fin and tube-type heat exchangers. The company produces a variety of products, including copper and aluminium finned heat exchangers, water coils, condenser coils, and evaporator coils. Their heat exchanger tubes are available in multiple diameters ranging from 5 mm to 15.88 mm, catering to diverse customer requirements.
These products serve various applications within the domestic, commercial, and industrial Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) sectors.
Key Clients and Global Reach
The company's clientele includes several prestigious names, such as:
Daikin Airconditioning India Pvt Ltd
Schneider Electric IT Business India Pvt Ltd
Kirloskar Chillers Private Ltd
Blue Star Ltd
Climaventa Climate Technologies Pvt Ltd
Frigel Intelligent Cooling Systems India Pvt Ltd
Additionally, KRN Heat Exchanger exports its products internationally to countries like the UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, and the UK, showcasing its global footprint.
Advanced Manufacturing Facility
KRN Heat Exchanger’s manufacturing unit is located in Neemrana, Rajasthan, spanning over 7,800 square meters. The facility is equipped with cutting-edge coil manufacturing technology, including:
Hair Pin Bender
Fin Press Machine
CNC Tube Bender
Vertical Expander
This advanced setup allows the company to maintain high-quality standards in its production process and meet the increasing demand for its products both domestically and internationally.
Objectives of the IPO
The company aims to utilize the proceeds from the IPO for the following purposes:
Expansion of Subsidiary Companies: Investment in subsidiaries for further business growth and capacity enhancement.
General Corporate Purposes: A portion of the funds will be used for broader corporate needs, ensuring the company’s operational efficiency and market expansion.
KRN Heat Exchanger IPO: Key Details
IPO Dates: 25th to 27th September 2024
Price Band: ₹209 to ₹220 per share
Lot Size: 65 shares
Total Issue Size: ₹341.95 Crores
Retail Investor Quota: 35%
Listing Date: 3rd October 2024
GMP: 100% (for informational purposes)
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