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15 Days Price Change

KRN Heat Exch Refrig IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 209  to  220 per share
Profile
Min Investment ₹220
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

KRN Heat Exchanger and Refrigeration Ltd is a top manufacturer of fin and tube-type heat exchangers. The company specializes in producing heat exchangers featuring copper and aluminum fins, along with copper tubes, which include water coils, condenser coils, and evaporator coils. Their product range includes heat exchanger tubes in various diameters, from 5 mm to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. These products cater to the domestic, commercial, and industrial sectors of the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry. The company serves prestigious clients 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, and Frigel Intelligent Cooling Systems India Pvt Ltd. Additionally, KRN exports its products to various countries, including the UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, and the UK. Located in Neemrana, Rajasthan, KRN’s manufacturing facility covers 7,800 sq. mt. The company utilizes advanced coil manufacturing technologies, including Hair Pin Benders, Fin Press Machines, CNC Tube Benders, and Vertical Expanders. Read More

Basic Info

Face Value 10 per share

Price 209  to  220 per share

P/E (x) 22.4

Sales( Cr.) 430

PAT( Cr.) 53

EPS 9.8

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Mr. Santosh Kumar Yadav Mrs. Anju Devi Mr. Manohar Lal

Pre Issue Share Holding 100%

Post Issue Share Holding 64.77%

Listing Details:

Listing Price: 470

Listing Gain: 53.19%

Current Price: 1329.2

Gain On Issue: 1329.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 25, 2024
Closing Date Sep 27, 2024
Allotment Sep 30, 2024
Refund Oct 01, 2024
Delivery of Shares Oct 01, 2024
Listing Date Oct 02, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 65 14,300
Retail (Max) 13 845 185,900
S-HNI (Min) 14 910 200,200
S-HNI (Max) 69 4485 986,700
B-HNI (Min) 70 4550 1,001,000

Objective of the Issue

1. Invest in the wholly owned subsidiary, KRN HVAC Products Pvt Ltd for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan. 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 7771500 1966500360 253x
NII 2331450 1003782483 430.5x
Retail 5440050 526270437 96.7x
EMP 0 0 0x
Total 15543000 3317031630 213.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

KRN Heat Exch Refrig Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 308 430
Other Income 5 12
Total Income 314 442
Total Expenditure 250 359
Operating Profit 64 82
Interest 4 3
Depreciation 4 5
Exceptional Income / Expenses 0 0
Profit Before Tax 56 74
Provision for Tax 17 21
Profit After Tax 39 53
Adjustments 0 0
Profit After Adjustments 39 53
Adjusted Earnings Per Share 8.5 8.5

KRN Heat Exch Refrig Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 130 499
Minority's Interest 0 0
Borrowings 8 1
Other Non-Current Liabilities 17 1
Total Current Liabilities 102 94
Total Liabilities 257 595
Fixed Assets 82 85
Other Non-Current Assets 6 84
Total Current Assets 170 426
Total Assets 257 595

KRN Heat Exch Refrig Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 10
Cash Flow from Operating Activities 17 21
Cash Flow from Investing Activities -64 -279
Cash Flow from Financing Activities 50 258
Net Cash Inflow / Outflow 3 -0
Closing Cash & Cash Equivalent 10 10

KRN Heat Exch Refrig Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.54 8.51
CEPS(Rs) 9.4 9.25
DPS(Rs) 0 0
Book NAV/Share(Rs) 28.24 80.22
Core EBITDA Margin(%) 18.96 16.4
EBIT Margin(%) 19.44 18.08
Pre Tax Margin(%) 18.14 17.29
PAT Margin (%) 12.78 12.3
Cash Profit Margin (%) 14.07 13.38
ROA(%) 15.3 12.41
ROE(%) 30.23 16.81
ROCE(%) 29.83 21.21
Receivable days 62.09 61.73
Inventory Days 99.93 76.53
Payable days 60.11 52.6
PER(x) 0 102.32
Price/Book(x) 0 10.85
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.33 12.31
EV/Core EBITDA(x) 1.58 64.25
Net Sales Growth(%) 0 39.43
EBIT Growth(%) 0 29.73
PAT Growth(%) 0 34.24
EPS Growth(%) 0 -0.36
Debt/Equity(x) 0.54 0.07
Current Ratio(x) 1.66 4.52
Quick Ratio(x) 0.84 3.51
Interest Cover(x) 15.03 22.78
Total Debt/Mcap(x) 0 0.01

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 0% 0% 0%
Operating Profit CAGR 28% 0% 0% 0%
PAT CAGR 36% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 88% NA% NA% NA%
ROE Average 17% 24% 24% 24%
ROCE Average 21% 26% 26% 26%

Company Contact Information

KRN Heat Exchanger And Refrigeration Ltd.

Plot No. F-46, 47, 48, 49 Epip Riico Industrial Area Neemrana

IPO Lead Manager(s)

KRN Heat Exchanger And Refrigeration Ltd.

Holani Consultants Pvt Ltd.

Registrar Info

KRN Heat Exchanger And Refrigeration Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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