IPO Details
- Opening Date
- Close Date
- Allotment Date
- Listing Date
- Face Value
- Issue Price
- Market Lot
- Total Issue Size
- September 25, 2024
- September 27, 2024
- September 30, 2024
- October 3, 2024
- 10
- 209 to 220
- 65
- 1,55,23,000 Shares
KRN Heat Exchanger and Refrigeration Limited, a prominent player in the Indian heat exchanger industry, is launching its Initial Public Offering (IPO) as part of its growth strategy. Established in 2017 and headquartered in Neemrana, Rajasthan, the company specializes in the design, manufacturing, and servicing of high-performance heat exchangers and refrigeration equipment. With a robust product portfolio, KRN Heat Exchanger serves industries like HVAC, chemical, power, oil & gas, and more. The company’s strong technical expertise and commitment to quality have positioned it as a trusted partner for both domestic and international clients.
KRN Heat Exchanger and Refrigeration Limited’s IPO consists of a fresh issue of up to 1,55,23,000 equity shares with a face value of ₹10 each, aggregating to ₹[●] Lakhs. The funds raised through this IPO will be used for expansion of manufacturing facilities, working capital needs, debt repayment, and general corporate purposes. This IPO presents an excellent opportunity for investors looking to gain exposure in the industrial manufacturing sector, particularly in the growing heat exchanger market.
The company’s strategic location in Neemrana, a part of Rajasthan’s industrial hub, offers key advantages in terms of logistics and operational efficiency. With a dedicated in-house R&D team and cutting-edge technology, KRN Heat Exchanger focuses on innovation and customization, ensuring it meets the evolving needs of its clients.
The shares are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Potential investors should take note of the bid/issue opening and closing dates, and stay informed about the price band, which will be announced prior to the IPO.
Invest in KRN Heat Exchanger and Refrigeration Limited to be part of a dynamic, growing company that is shaping the future of industrial heat exchanger technology.
Hyundai Motor India Limited - Restated Consolidated Statement of Assets and Liabilities | As at June 30, 2024 | As at June 30, 2023 | As at March 31, 2024 | As at March 31, 2023 | As at March 31, 2022 |
Assets | |||||
Non-current assets | |||||
Property, plant and equipment | 63,786.92 | 64,386.51 | 67,135.59 | 57,656.36 | 62,290.52 |
Capital work-in-progress | 9,721.25 | 7,081.22 | 6,528.42 | 13,366.35 | 5,291.25 |
Right-of-use assets | 6,134.07 | 560.8 | 6,183.42 | 577.65 | 662.96 |
Intangible assets | 2,612.91 | 3,059.09 | 2,825.26 | 3,270.32 | 3,758.62 |
Other financial assets | 629.21 | 546.31 | 624.12 | 516.97 | 493.98 |
Deferred tax assets (net) | 9,896.71 | 8,755.07 | 9,477.90 | 8,265.99 | 6,156.74 |
Non-current tax assets (net) | 7,012.78 | 6,212.66 | 6,886.39 | 6,146.71 | 2,081.53 |
Other non-current assets | 3,031.11 | 2,215.73 | 2,590.92 | 2,313.36 | 2,046.57 |
Total non-current assets | 1,02,824.96 | 92,817.39 | 1,02,252.02 | 92,113.71 | 82,782.17 |
Current assets | |||||
Inventories | 28,882.93 | 35,943.73 | 33,156.29 | 34,224.09 | 28,811.20 |
Trade receivables | 23,581.40 | 26,434.06 | 25,100.26 | 28,971.92 | 21,824.07 |
Cash and cash equivalents | 45,042.88 | 64,630.48 | 9,732.15 | 1,77,411.47 | 1,41,388.42 |
Bank balance other than above | 40,084.95 | 1,28,065.91 | 80,441.30 | - | - |
Loans | - | - | - | 659.48 | 154.94 |
Other financial assets | 3,718.15 | 3,003.44 | 3,439.24 | 4,539.58 | 3,005.15 |
Other current assets | 9,567.12 | 6,153.82 | 9,371.19 | 7,813.17 | 5,614.63 |
Total current assets | 1,50,877.43 | 2,64,231.44 | 1,61,240.43 | 2,53,619.71 | 2,00,798.41 |
Total assets | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
Equity and Liabilities | |||||
Equity | |||||
Equity share capital | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 |
Reserves and surplus | 1,13,361.69 | 2,05,682.88 | 98,531.16 | 1,92,422.77 | 1,60,437.14 |
Total equity | 1,21,487.10 | 2,13,808.29 | 1,06,656.57 | 2,00,548.18 | 1,68,562.55 |
Non-current liabilities | |||||
Borrowings | 6,016.98 | 6,862.07 | 6,227.97 | 7,065.66 | 7,667.10 |
Lease liabilities | 533.54 | 259.3 | 557.68 | 267.23 | 307.47 |
Provisions | 8,671.35 | 8,270.03 | 8,467.39 | 8,037.65 | 7,743.02 |
Other non-current liabilities | 11,968.21 | 10,119.09 | 11,610.97 | 9,759.55 | 7,378.07 |
Total non-current liabilities | 27,190.08 | 25,510.49 | 26,864.01 | 25,130.09 | 23,095.66 |
Current liabilities | |||||
Borrowings | 1,564.46 | 5,968.92 | 1,451.18 | 4,520.34 | 3,733.23 |
Lease liabilities | 96.62 | 34.25 | 95.58 | 40.24 | 68.95 |
Total outstanding dues of micro enterprises and small enterprises | 1,831.52 | 2,072.11 | 2,158.18 | 1,536.92 | 1,274.98 |
Total outstanding dues of creditors other than micro enterprises and small enterprises | 72,963.46 | 72,772.39 | 72,871.39 | 52,779.30 | |
Other financial liabilities | 6,031.06 | 8,809.48 | 5,759.74 | 8,067.47 | 4,263.43 |
Other current liabilities | 15,466.82 | 17,948.80 | 39,327.93 | 25,342.17 | 23,789.21 |
Provisions | 4,580.67 | 4,393.04 | 4,528.20 | 4,539.05 | 4,027.33 |
Current tax liabilities (net) | 6,735.79 | 5,539.99 | 3,878.67 | 3,137.57 | 1,985.94 |
Total current liabilities | 1,05,025.21 | 1,17,730.05 | 1,29,971.87 | 1,20,055.15 | 91,922.37 |
Total liabilities | 1,32,215.29 | 1,43,240.54 | 1,56,835.88 | 1,45,185.24 | 1,15,018.03 |
Total equity and liabilities | 2,53,702.39 | 3,57,048.83 | 2,63,492.45 | 3,45,733.42 | 2,83,580.58 |
Hyundai Motor India Limited - Restated Consolidated Statement of Profit and Loss (including other comprehensive income) | For the period ended June 30, 2024 | For the period ended June 30, 2023 | For the year ended March 31, 2024 | For the year ended March 31, 2023 | For the year ended March 31, 2022 |
Income | |||||
Revenue from operations | 1,73,442.34 | 1,66,235.11 | 6,98,290.57 | 6,03,075.80 | 4,73,784.32 |
Other income | 2,237.50 | 3,881.00 | 14,732.68 | 11,290.62 | 5,876.16 |
Total income | 1,75,679.84 | 1,70,116.11 | 7,13,023.25 | 6,14,366.42 | 4,79,660.48 |
Expenses | |||||
Cost of materials consumed | 1,17,638.35 | 1,18,640.95 | 5,12,979.91 | 4,45,086.35 | 3,52,308.08 |
Purchases of stock-in-trade | 1,801.24 | 816.14 | 4,334.27 | 6,564.16 | 6,564.05 |
Changes in inventories of finished goods, work-in-progress, and stock-in-trade | 5,337.45 | 6,557.53 | -1,384.74 | -1,351.21 | -621.2 |
Employee benefits expense | 5,527.69 | 4,794.67 | 19,754.88 | 17,662.26 | 16,476.38 |
Finance costs | 316.4 | 371.86 | 1,580.79 | 1,424.01 | 1,319.13 |
Depreciation and amortisation expense | 5,289.81 | 5,596.90 | 22,079.31 | 21,898.66 | 21,695.86 |
Other expenses | 19,868.85 | 15,555.02 | 71,820.52 | 60,098.70 | 44,397.74 |
Cost of materials consumed for own use | -133.78 | -101.75 | -540.43 | -472.26 | -201.61 |
Total expenses | 1,55,646.01 | 1,52,231.32 | 6,30,624.51 | 5,50,910.67 | 4,41,938.42 |
Profit before tax | 20,033.83 | 17,884.79 | 82,398.74 | 63,455.75 | 37,722.06 |
Tax expense | |||||
Current tax | 5,533.93 | 5,071.33 | 22,965.26 | 18,414.53 | 10,377.87 |
Deferred tax (net) | -396.62 | -478.4 | -1,166.96 | -2,051.28 | -1,671.72 |
Total tax expense | 5,137.31 | 4,592.93 | 21,798.30 | 16,363.25 | 8,706.15 |
Profit for the period / year | 14,896.52 | 13,291.86 | 60,600.44 | 47,092.50 | 29,015.91 |
Other comprehensive income ('OCI') for the period / year | |||||
Remeasurements of net defined benefit liability / (asset) | -88.18 | -42.43 | -178.57 | -230.33 | 36.11 |
Income tax relating to items that will not be reclassified to profit or loss | 22.19 | 10.68 | 44.95 | 57.97 | -9.09 |
Total other comprehensive income / (loss) | -65.99 | -31.75 | -133.62 | -172.36 | 27.02 |
Total comprehensive income for the period / year | 14,830.53 | 13,260.11 | 60,466.82 | 46,920.14 | 29,042.93 |
Here are the Board of Directors for KRN Heat Exchanger and Refrigeration Limited
1.Mr. Santosh Kumar Yadav – Managing Director and Promoter
2. Mrs. Anju Devi – Director and Promoter
3. Mr. Manohar Lal– Director and Promoter
These individuals are the primary members involved in leading the company’s strategic and operational activities.
Registered and Corporate Office: Plot No. F – 46, 47, 48, 49,
EPIP, RIICO Industrial Area,
Neemrana, Alwar, Rajasthan – 301705, India
Contact Person:
Mr. Praveen Kumar (Company Secretary and Compliance Officer)
Email: cs@krnheatexchanger.com
Telephone: +91-9257025440
Website: www.krnheatexchanger.com