KRN Heat Exchanger and Refrigeration Limited
- Minimum Investment₹13,585
- Price Range₹209 - ₹220
- Issue Size₹341.51 Cr
- Lot Size65 shares
Proceeds of this IPO to be used for
Investment in the wholly owned subsidiary, KRN HVAC Products, to set up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”)
General corporate purposes
Strengths & Weaknesses of KRN Heat Exchanger and Refrigeration Limited
Regular quality checks
The company maintains an in-house facility for quality checks of its manufactured products. Its products go through stringent quality control checks such as helium leak test, water leak test, contamination test, salt spray testing, burst pressure testing, and pressure cyclic testing to ensure the best quality products are supplied to its customers
Established manufacturing facility
The company's registered office and manufacturing facilities are located in the renowned RIICO industrial areas of Neemrana city. Its manufacturing unit is equipped and capable of carrying out end-to-end manufacturing activities
Consistent financial performance
The company has grown from a single-product to a multi-product manufacturing company. It has demonstrated consistent growth in terms of revenues and profitability
Absence of long-term agreements
The company lacks long-term agreements with customers. If customers choose not to source from the company, it could lead to financial instability and operational uncertainty, adversely affecting its business and financial condition
Handles hazardous materials
The company regularly works with hazardous materials such as LPG gas and Oxygen gas, which could be flammable, and activities in its manufacturing facilities can be dangerous, which could cause injuries to people or property
Non-compliance with labour laws
There have been certain non-compliance with labour laws by the company. Consequently, it may be subject to regulatory actions and penalties for such non-compliance, and the business and financial condition may be adversely affected
Financials
Earnings Per Share
No Data
Balance Sheet
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Total Debt to Equity | -- |
Cash Flow
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About KRN Heat Exchanger and Refrigeration Limited
- PromoterSantosh Kumar Yadav
- PromoterAnju Devi