31 Mar 2024
Assets258.36
Total Income313.54
Profit After Tax39.07
NET Worth131.65
Total Borrowing59.69
At a glance
Updated 2026-09-13The shares listed at ₹480.00, a 118.18% move from the issue price. KRN Heat Exchanger is a Mainboard IPO with an issue size of ₹341.95 crore, proposed for listing on BSE, NSE. The offer opens on 25th Sep 2024 and closes on 27th Sep 2024. The issue structure includes a fresh issue of ₹341.95 crore. The current listing schedule points to 3rd Oct 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹341.95 Cr
Fresh issue₹341.95 Cr
Face value₹10
Price band₹209.00–₹220.00
Allotment30th Sep 2024
Listing3rd Oct 2024
Listing performance
Full performance ↗Issue price₹220.00
Listing price₹480.00
Current price—
Listing gain118.18%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹235.00
GMP / upper price106.82%
Est. listing₹455.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Sep 2024
Closes27th Sep 2024
Allotment30th Sep 2024
Refund1st Oct 2024
Demat1st Oct 2024
Listing3rd Oct 2024
Subscription demand
Full bidding ↗Total213.41×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 65 | ₹14,300 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Investment in our wholly owned subsidiary KRN HVAC Products Private Limited in the form of equity, for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”); and | ₹235.76 Cr |
| General corporate purposes | ₹75.36 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue313.54₹ Cr
PAT39.07₹ Cr
Assets258.36₹ Cr
Net Worth131.65₹ Cr
Borrowing59.69₹ Cr
3-year financial trendRevenue / EBITDA / PAT
₹ croreKPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 40.86% |
| ROCE | 31.21% |
| Debt / Equity | 0.45% |
| RoNW | 29.68% |
| PAT Margin | 12.67% |
Valuation & shareholding
Pre-IPO EPS8.88
Post-IPO EPS6.56
Pre-IPO P/E24.78
Post-IPO P/E33.52
Promoter holding pre94.39%
Promoter holding post70.78%
Market cap₹1309.51 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| KRN Heat Exchanger and Refrigeration IPO | — | 33.52 x | — | — |
| Lumino Industries IPO | — | 15.62 x | — | — |
| Hytech Engineers IPO | — | 22.27 x | — | — |
| Technocraft Ventures IPO | — | 19.38 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the Book Running Lead Managers (including Underwriting commission) | ₹18.26 Cr |
| Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs and CDPs | ₹1.12 Cr |
| Advertising and marketing expenses | ₹3.24 Cr |
| Fees payable to the Legal Advisors | ₹0.18 Cr |
| Fees payable to the Registrar to the Issue | ₹1.50 Cr |
| Fees payable to the regulators including Stock Exchanges | ₹4.42 Cr |
| Printing and distribution of Issue stationary | ₹0.23 Cr |
| Others (Bankers to the Issue, auditor’s fees etc. | ₹1.88 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Holani Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
IPO UPDATE ALERTS
Register for IPO Updates →Track KRN Heat Exchanger without missing an update
Register for subscription, GMP, allotment and listing notifications.