BAJAJ FINSERV DIRECT LIMITED
Latest IPO Information

KRN Heat Exchanger And Refrigeration Ltd. IPO

IPO Date: Sep 25 to Sep 27 2024

Listing Date: Oct 3 2024

Objective

1. Investment in our wholly owned subsidiary, KRN HVAC Products Private Limited for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”); and
2. General corporate purposes.

IPO Details

Face Value ₹ 10.00 Per Share
Issue Size ₹ 229.75 - 241.85 Cr
Price Band ₹ 209.00 - ₹ 220.00 Per Share
Market LOT 65 shares
Issue Type Book building

About Company

Our Company manufactures fin and tube type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (“HVAC&R”). Heat exchangers manufactured by us are made of non-ferrous metals primarily Copper and Aluminium. Our product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts.
Address

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

City

Alwar

State

Rajasthan

Pincode

301705

Phone

9257025440

Email

cs@krnheatexchanger.com

Website

www.krnheatexchanger.com

About IPO

Listed At BSE/NSE

Promoter's Holding

Registrar

Latest News

Apr
18
2026
EQUITY Posted on Apr 18th 2026

KRN Heat Exchanger And Refrigeration informs about clarification

KRN Heat Exchanger And Refrigeration has informed that the Company has made all the necessary disclosures/ announcements pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and there is no announcement or price-sensitive information which is pending to be intimated or disclosed by the Company to the Stock Exchanges which in our opinion may have a bearing on the price/ volume behaviour in the scrip.
The above information is a part of company’s filings submitted to BSE.
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Apr
7
2026
EQUITY Posted on Apr 7th 2026

KRN Heat Exchanger and Refrigeration about business updates

KRN Heat Exchanger And Refrigeration has informed that ‘KRN HVAC Products Private Limited’, a wholly owned subsidiary of the Company has received an export order for supply of Heat Exchanger Coils. The brief details of the order are as follows - Nature of Order: Export Order Estimated Single Order Value: Approx. INR 55 Crore; Estimated Delivery Period: As per the order. In this regard, the company submitted the following: The order has been received in the normal course of business of the Company and do not include any internal order; The Promoters / Promoter Group / Group Companies do not have any interest in the entities that have awarded the projects to the Company and don’t fall under Related Party Transaction.
The above information is a part of company’s filings submitted to BSE.
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Mar
20
2026
EQUITY Posted on Mar 20th 2026

KRN Heat Exchanger and Refrigeration submits notice of EGM

KRN Heat Exchanger and Refrigeration has informed that the Extra-ordinary General Meeting (EGM) of the Company will be held on Wednesday, the 15th April, 2026 at 03:00 PM (IST), through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), in accordance with the applicable provisions of the Companies Act, 2013 (the Act) and the Rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations) read with relevant Circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). In compliance with the relevant Circulars issued by MCA and SEBI, the Notice convening the Extra-ordinary General Meeting (EGM), is being sent to all the Members whose E-mail addresses are registered with the Company/ Depository Participant(s). The said documents are also being uploaded on the website of the Company at www.krnheatexchanger.com. The Company has fixed Wednesday, the 8th April, 2026 as the ‘cut-off date’ for ascertaining the names of the Members who will be entitled to cast their votes through remote e-Voting facility during Sunday, the 12th April, 2026 from 9:00 AM (IST) to Tuesday, the 14th April, 2026 till 5:00 PM (IST) and through e-Voting during the EGM in respect of the business to be transacted at the aforesaid EGM.
The above information is a part of company’s filings submitted to BSE.
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Feb
21
2026
EQUITY Posted on Feb 21st 2026

KRN Heat Exchanger and Refrigeration submits analyst meet intimation

Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, KRN Heat Exchanger and Refrigeration has informed that the officials of the Company will be meeting Investors/ Analysts (Participants), on 25-02-2026, 10:00 am IST onwards.
The above information is a part of company’s filings submitted to BSE.
Read More
Feb
16
2026
EQUITY Posted on Feb 16th 2026

KRN Heat Exchanger and Refrigeration informs about analyst meet

Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, KRN Heat Exchanger and Refrigeration has informed that the officials of the Company will be meeting Investors/Analysts (Participants), on 20-02-2026 as per details enclosed. No unpublished price sensitive information (UPSI) is intended to be discussed during the interactions.

The above information is a part of company’s filings submitted to BSE.

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Frequently Asked Questions

What is the issue size of KRN Heat Exchanger And Refrigeration Ltd. IPO?

The issue size of KRN Heat Exchanger And Refrigeration Ltd. IPO is ₹229.75 - 241.85 crore.

The KRN Heat Exchanger And Refrigeration Ltd. IPO opens for subscription on 2024-09-25 and closes on 2024-09-27.

The price range of KRN Heat Exchanger And Refrigeration Ltd. IPO is ₹209.00 to ₹220.00.

The lot size of KRN Heat Exchanger And Refrigeration Ltd. IPO is 65 shares.

The registrar of KRN Heat Exchanger And Refrigeration Ltd. IPO is .

KRN Heat Exchanger And Refrigeration Ltd. IPO will be listed on BSE/NSE .

You will typically receive a confirmation message or notification from your broker or trading platform shortly after placing your IPO order. This confirms that your application has been submitted successfully. You can also check the order status in the IPO section of your trading account or app.

Apply early with valid UPI and PAN before 2024-09-27 to increase your chances.

The listing date of KRN Heat Exchanger And Refrigeration Ltd. IPO is 2024-10-03.

An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.

Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.

The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.

Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.

The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:

Past Financial Performance: Evaluating the company's revenue, profits, and financial stability over time

Growth Potential: Assessing future prospects based on the company's business model and market opportunities

Industry Peers: Comparing valuation metrics with similar companies in the same sector

Larger Industry Picture: Analysing overall industry trends and economic conditions that could impact the company's performance

The lock-in period for IPO shares refers to a duration during which specific investors are restricted from selling their shares post-listing. This period varies based on the type of investor:

Promoters: The lock-in period for promoters ranges from 6 months to 18 months, ensuring their commitment to the company's long-term growth

Anchor Investors: Typically, anchor investors face a shorter lock-in period of 30 to 90 days, depending on regulatory norms and the specific IPO

IPOs can be volatile and may not perform as expected in the short term. Investors risk losing capital if the stock price drops after listing, especially if the company does not meet its growth projections.

Information on upcoming IPOs is often available through brokerage platforms, financial news sites, and regulatory bodies like SEBI, which publishes details on companies going public. You can also get these details under the upcoming IPO section on Bajaj Markets.

Eligibility for an IPO typically includes:

Retail Investors: Individuals who invest in smaller amounts, usually under the “retail investor” category, with certain limits

Qualified Institutional Buyers (QIBs): Entities like mutual funds, banks, and insurance companies, who invest large sums

Non-Institutional Investors (NIIs): High-net-worth individuals or entities investing above the retail threshold

Investors must have a Demat and trading account to apply, and in some cases, certain financial or residency qualifications may apply depending on local regulations.

SME (Small and Medium Enterprise) IPOs generally carry higher risk but may provide significant growth potential. Investors should research the company’s stability, financials, and sector risks, as SME stocks can be more volatile compared to large-cap companies.

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