IPO Date: Sep 25 to Sep 27 2024
Listing Date: Oct 3 2024
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.
Plot No. F-46, 47, 48, 49 Epip Riico Industrial Area Neemrana
Alwar
Rajasthan
301705
9257025440
cs@krnheatexchanger.com
www.krnheatexchanger.com
Pursuant to the provisions of Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, KRN Heat Exchanger and Refrigeration has informed that it enclosed copies of the newspaper advertisements of the QR Code for extract of the unaudited Financial Results of the Company for the quarter ended on June 30, 2026 published in English and Hindi newspapers on 13th August, 2026 in Financial Express and Business Remedies respectively.
The above information is a part of company’s filings submitted to BSE.
Commerce and Industry Minister Piyush Goyal has said that India's goods and services exports are witnessing healthy growth, with the country firmly on track to attain its $1-trillion export target for the financial year 2026-27 (FY27). He said that during April-September 2026, India's combined exports of goods and services had already reached around $480 billion.
Highlighting the opportunities for the automobile sector, the minister said the finalisation of free trade agreements (FTAs) would provide preferential market access to Indian products across economies accounting for nearly 75% of global GDP. He urged the automobile industry to explore international markets and strengthen its export capabilities. He further noted that the trade agreement with the 27-member European Union (EU) would open up significant opportunities for India's mobility ecosystem.
Moreover, he said that Europe made 15.4 million cars in 2007, but by 2019, it had fallen to 14.5 million and from 2019 to 2025, it fell to 11.5 million. He said ‘at Europe's manufacturing costs and regulatory burden, they (EU companies) will not be able to compete in the global market. So when we negotiated the FTA, we of course gave them an opportunity to send their cars to India. But when I engaged with the auto industry of Europe, they recognised that (they) need market access in India only to test the market.’ He added that EU companies may send five models to test which one has appetite in India. Once they are able to finalise what has appetite in India, then they will bring that car manufacturing to India and not only for India, but for the world. He emphasized that economies of scale will play a key role in this. He noted that EU firms will not only get the large domestic market here, but they will also be able to sell globally at affordable or competitive prices. Besides, he asked the industry to capture that opportunity before somebody else does.
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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 .
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