KRN Heat Exchanger and Refrigeration
IPO Timeline
Issue open date
25 Sep 2024Issue close date
27 Sep 2024UPI mandate deadline
27 Sep 2024Allotment finalization
30 Sep 2024Refund initiation
1 Oct 2024Share credit
1 Oct 2024Listing date
3 Oct 2024Mandate end date
12 Oct 2024Lock-in end date for anchor investors (50%)
30 Oct 2024Lock-in end date for anchor investors (remaining)
29 Dec 2024Key Dates
Quick Stats
About the Company
KRN Heat Exchanger and Refrigeration Limited manufactures fin and tube-type heat exchangers for the HVAC&R industry, using non-ferrous metals like copper and aluminum. Their product range includes condenser coils, evaporator units, and various sheet metal parts, tailored to customer requirements. They produce heat exchangers in various sizes, suitable for applications such as residential and commercial air conditioning, data center cooling, automotive HVAC, refrigeration, and process cooling. To ensure durability and efficiency, they apply advanced coatings like nano and powder coatings, enhancing corrosion resistance and reducing maintenance. Their products meet stringent quality standards and are essential for high-performance cooling systems.
Strengths
- Strong leadership from promoters supported by an experienced senior management team
- Long-standing business relationships with leading clients in the industry
- Effective quality control processes ensuring high product standards
- Well-established manufacturing facility with consistent financial performance
Risks
- Significant revenue dependence on Daikin Airconditioning India and its top 10 customers poses a concentration risk.
- Heavy reliance on a few suppliers, with over 70% of imports from foreign countries, increases vulnerability to disruptions.
- No long-term supplier contracts and dependence on overseas vendors expose the company to supply chain risks.
- Lack of hedging against raw material price fluctuations may hurt margins if costs cannot be passed to customers.
KRN Heat Exchanger and Refrigeration IPO – Frequently Asked Questions
- The KRN Heat Exchanger and Refrigeration IPO opens on September 25, 2024 and closes on September 27, 2024.
- The tentative listing date for the KRN Heat Exchanger and Refrigeration IPO is October 3, 2024.
- You can apply for the KRN Heat Exchanger and Refrigeration IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose KRN Heat Exchanger and Refrigeration, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the KRN Heat Exchanger and Refrigeration IPO is 65 shares. Investors must apply for at least one lot (i.e., 65 shares).