KRN Heat Exchanger IPO GMP, Guidance, Subscription Status, allotment & listing details @ Chanakyanipothi.com
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What is the business of KRN Heat Exchanger and Refrigeration?

KRN Heat Exchanger and Refrigeration Company manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Heat exchangers manufactured by it are made of non-ferrous metals primarily Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts.
It manufactures heat exchangers of various shapes and sizes as per the requirements of the
customers and/or demand in the market. The diameter of heat exchanger tubes it produces ranges from 5MM to 15.88 MM. Its products are well suited for wide range of air conditioning, heating and
ventilation, refrigeration, and process cooling applications.

Its products are vital for the performance of cooling appliances and have undergone stringent quality
and checks.

To expand the business of the Company and to reap the benefits of forward integration, the Company
has incorporated a wholly owned subsidiary of the Company, namely KRN HVAC Products Private
Limited to increase value-added products in its existing portfolio. KRN HVAC Products Private Limited will focus on manufacturing certain types of heat exchangers that are currently not manufactured by the Company.

The Company has a wide customer base covering various parts of India as well as across the world.
Its prestigious customers, including Daikin Airconditioning India Private Limited, Schnieder Electric IT
Business India Private Limited, Kirloskar Chillers Private Limited, Blue Star Limited, Climaventa Climate Technologies Private Limited and Frigel Intelligent Cooling Systems India Private Limited among others, attest to its commitment to delivering top-notch products and outstanding services. Over the last 3 Financial Years, its revenue from operations has increased at a CAGR of 48.34% out of which its export sales have increased at a CAGR of 90.81%.

For more information, click www.krnheatexchanger.com 

KRN Heat Exchanger and Refrigeration IPO GMP, Particulars & Guidance

KRN Heat Exchanger IPO Review * by Paresh Gordhandas, CA & Research Analyst.
KRN Heat Exchanger and Refrigeration Company manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Heat exchangers manufactured by it are made of non-ferrous metals primarily Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. It manufactures heat exchangers of various shapes and sizes as per the requirements of the
customers and/or demand in the market.
Size: The size of this mainboard IPO is very small and amidst this overheated market, huge oversubscription is a natural phenomenon.
Financial Snapshot & Guidance: The shares are offered at reasonble valuation and there appears to be enough margin for listing gains. Must Apply from fundamental angle and also from grey market angle.
* Disclosure: ?

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