KRN Heat Exchanger and Refrigeration Ltd IPO Overview
KRN Heat Exchanger and Refrigeration Ltd is set to launch its Initial Public Offering (IPO) in 2024. As a prominent player in the manufacturing of heat exchangers and refrigeration systems, the company is looking to raise capital to expand its business operations and strengthen its market presence.
Key Details of KRN Heat Exchanger and Refrigeration Ltd IPO:
- IPO Opening Date: Wednesday, September 25, 2024
- IPO Closing Date: Friday, September 27, 2024
- Basis of Allotment: Monday, September 30, 2024
- Initiation of Refunds: Tuesday, October 1, 2024
- Credit of Shares to Demat: Tuesday, October 1, 2024
- Listing Date: Thursday, October 3, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on September 27, 2024
- IPO Price Band: ₹209 to ₹220 per share
- Lot Size: 65 Shares
- Minimum Investment: ₹14,300
- Issue Size: 15,543,000 shares (aggregating up to ₹341.95 Cr)
- Listing on Stock Exchange: BSE, NSE
Purpose of the IPO:
The funds raised from the KRN Heat Exchanger and Refrigeration Ltd IPO will be used for:
- Expansion of manufacturing facilities.
- Investment in new technology and infrastructure.
- General corporate purposes and debt repayment.
Company Overview:
KRN Heat Exchanger and Refrigeration Ltd is a leader in the design and manufacture of high-performance heat exchangers and refrigeration systems. The company serves various industries, including oil and gas, HVAC, automotive, and chemical sectors. With years of experience and a strong engineering team, KRN has established a reputation for delivering quality and innovative solutions.
How to Apply:
Investors can apply for the KRN Heat Exchanger and Refrigeration Ltd IPO via ASBA (Application Supported by Blocked Amount) or through their stockbrokers. Ensure you have your Demat account ready to participate in this offering.
Why Invest in KRN Heat Exchanger and Refrigeration Ltd?
KRN Heat Exchanger has shown consistent growth in revenue and profitability over the past few years. With a strong foothold in multiple industries, the company is well-positioned to capitalize on the growing demand for energy-efficient refrigeration and heat exchange solutions.
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