EPIP, RIICO Industrial Area,
Neemrana, Alwar
Rajasthan-301705, India
Website: http://www.krnheatexchanger.com/
Last updated on 27-Sep-2024 19:59:13
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3107455 | 786300710 | 253.04 |
| HNIs | 2387215 | 1032748080 | 432.62 |
| HNIs 10+ | 1591477 | 708701695 | 445.31 |
| HNIs 2+ | 795738 | 324046385 | 407.23 |
| Retail | 5498330 | 551966090 | 100.39 |
| Total | 10993000 | 2371014880 | 215.68 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1749 | 143226 | 81.89 |
| HNIs (2-10L) | 874 | 332512 | 380.45 |
| Retail | 84590 | 6038503 | 71.39 |
| Total Applications: 6514241 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 68.36 | 17298.62 | 253.04 |
| FIIs | - | 3486.12 | - |
| DIIs | - | 7259.64 | - |
| Mutual funds | - | 414.61 | - |
| Others | - | 5899.92 | - |
| HNIs | 52.52 | 22720.46 | 432.62 |
| HNIs 10+ | 35.01 | 15591.44 | 445.31 |
| HNIs 2+ | 17.51 | 7129.02 | 407.23 |
| Retail | 120.96 | 12143.25 | 100.39 |
| Total | 241.85 | 52162.33 | 215.68 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹74.73 | @8% ₹85.41 | @9% ₹96.09 | @10% ₹106.76 | @11% ₹117.44 | @12% ₹128.11 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 65 | 14300 | 84590 |
| sHNI | 14 | 910 | 200200 | 874 |
| bHNI | 70 | 4550 | 1001000 | 1749 |
IPO Details
| Issue Size | (15,523,000)shares (aggregating up to ₹(341.5) Cr |
| Fresh Issue | 1,55,23,000 shares (aggregating up to ₹(341.5) Cr |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 43,999,980 |
| Share holding post issue | 59,542,980 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 40.86% | 75.94% | 54.88% |
| ROCE | 31.21% | 50.46% | 34.65% |
| D/E | 0.45 | 0.62 | 0.87 |
| RONW | 29.68% | 54.24% | 41.48% |
| EPS (Basic) | 8.69 | 7.34 | 2.41 |
| P/E Pre IPO | 24.78 | ||
| P/E Post IPO | 33.52 |
Financial Statement (Restated)
| Period | Mar-24 (Consoli - dated) | Mar-23 (Standlone) | Mar-22 (Standlone) |
|---|---|---|---|
| Assets | 258.36 | 148.76 | 92.79 |
| Revenue | 313.54 | 249.88 | 158.22 |
| Profit After Tax | 39.07 | 32.31 | 10.59 |
| Net Worth | 131.65 | 59.57 | 25.53 |
| Reserves | 85.51 | 15.57 | 21.13 |
| Borrowings | 59.69 | 36.64 | 22.12 |
| Amount in Crores | |||
About Company
Strength
Strong Leadership: The company's promoters exhibit strong leadership, backed by an experienced senior management team.
Established Clientele: Long-standing business relationships with leading clients, contributing to sustained business growth.
Consistent Financial Growth: Demonstrated financial stability with consistent revenue and profit increases over the years.
Weakness
Revenue Growth Uncertainty: Despite a strong growth rate (58% in FY 2023 and 24% in FY 2024), sustaining this growth may be challenging, and failure to do so could adversely impact operations.
Customer Dependence: The company lacks long-term agreements with customers, creating financial and operational instability if key clients switch suppliers.
Supply Chain Risk: Heavy reliance on imported raw materials (78% in FY 2024) from countries like Malaysia and China exposes the company to potential risks from geopolitical issues or changes in import policies.