84  Total SME IPOs listed in 2025

3,748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

KRN Heat Exchanger and Refrigeration Limited IPO Analysis

KRN Heat Exchanger and Refrigeration IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 341.95 Cr. The company is based in Alwar and caters to Engineering sector. Holani Consultants is the merchant banker of KRN Heat Exchanger and Refrigeration IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th January 2024.

KRN Heat Exchanger and Refrigeration IPO posted revenues of ₹ 313.54 crores and PAT of ₹ 39.07 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 308.28 Cr.
            EBITDA: ₹ 58.45 Cr.
            PAT: ₹ 39.07 Cr.
  • EBITDA Margin: 18.96 %
            Pat Margin: 12.67 %
  • Net Worth: ₹ 131.65 Cr.
  • Market Capitalisation: ₹ 1309.51 Cr.
  • P/E: 33.52 times
  • P/BV: 2.77 times
  • EV/EBITDA: 23.25 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

KRN Heat IPO Financial Performance (Restated)

Financial results of KRN Heat Exchanger and Refrigeration IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY24 FY23 FY22
Balance Sheet
Assets 258.36 148.76 92.79
Net Worth 131.65 59.57 25.53
Total Debt 59.66 36.65 22.13
Profit & Loss
Revenue
Revenue on annualised basis
308.28 247.48 156.11
EBITDA
EBITDA on annualised basis
58.45 49.32 16.94
PAT
PAT on annualised basis
39.07 32.31 10.59
Financials
FY24
FY23
FY22
Balance Sheet
Assets
258.36
148.76
92.79

Net Worth
131.65
59.57
25.53

Total Debt
59.66
36.65
22.13

Profit & Loss
Revenue
Revenue on annualised basis
308.28
308.28
247.48
156.11

EBITDA
EBITDA on annualised basis
58.45
58.45
49.32
16.94

PAT
PAT on annualised basis
39.07
39.07
32.31
10.59

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

KRN Heat IPO Key performance Indicators (KPI)

KRN Heat Exchanger and Refrigeration IPO PAT Margin is 12.67 % , ROCE (Return on Capital Employed) is 31.21 % as per latest financial. The below table shows KRN Heat Exchanger and Refrigeration IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY24 FY23 FY22
EBITDA Margin (%) 18.96 19.93 10.85
PAT Margin (%) 12.67 13.06 6.78
EPS (₹) 8.69 7.34 2.41
ROE (%) 29.68 54.24 41.48
ROCE (%) 31.21 50.46 32.65
ROA (%) 15.12 21.72 11.41
Debt to Equity 0.45 0.62 0.87
Particulars
FY24
FY23
FY22

EBITDA Margin (%)
18.96
19.93
10.85

PAT Margin (%)
12.67
13.06
6.78

EPS (₹)
8.69
7.34
2.41

ROE (%)
29.68
54.24
41.48

ROCE (%)
31.21
50.46
32.65

ROA (%)
15.12
21.72
11.41

Debt to Equity (x)  
0.45
0.62
0.87

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

KRN Heat Exchanger and Refrigeration IPO Valuation Metrics

The market Capitalisation of KRN Heat Exchanger and Refrigeration IPO is ₹ 1309.51 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
1309.51

Enterprise Value (EV) (₹ Cr.):
1,358.86

EV/EBITDA (times) :
23.25

PE Multiple (times) :
33.52

P/B (times) :
2.77

NAV (₹) :
28.53

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in KRN Heat prospectus?

The KRN Heat Exchanger and Refrigeration IPO prospectus highlights an Return on Equity (ROE) of 29.68 % , Return on Assets (ROA) of 15.12 %, and an EBITDA Margin of 18.96 %, showcasing financial performance.

How do profitability ratios impact the evaluation of KRN Heat IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows KRN Heat Exchanger and Refrigeration IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for KRN Heat IPO ?

The post-IPO market capitalisation of KRN Heat Exchanger and Refrigeration IPO is ₹ 1309.51 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of KRN Heat IPO?

The KRN Heat Exchanger and Refrigeration IPO has a Price-to-Earnings (PE) ratio of 33.52 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of KRN Heat Exchanger and Refrigeration IPO?

KRN Heat Exchanger and Refrigeration IPO reported revenue of ₹ 313.54 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from KRN Heat Exchanger and Refrigeration IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of KRN Heat Exchanger and Refrigeration IPO?

KRN Heat Exchanger and Refrigeration recorded an EBITDA of ₹ 58.45 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of KRN Heat Exchanger and Refrigeration IPO?

KRN Heat Exchanger and Refrigeration Profit After Tax (PAT) is ₹ 39.07 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 308.28 Cr.
            EBITDA: ₹ 58.45 Cr.
            PAT: ₹ 39.07 Cr.
  • EBITDA Margin: 18.96 %
            Pat Margin: 12.67 %
  • Net Worth: ₹ 131.65 Cr.
  • Market Capitalisation: ₹ 1309.51 Cr.
  • P/E: 33.52 times
  • P/BV: 2.77 times
  • EV/EBITDA: 23.25 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

KRN Heat Exchanger and Refrigeration operates in Engineering and Leading Manufacturer Of Fin And Tube-type Heat Exchangers. The Issue is listed on BSE,NSE in Oct, 2024. KRN Heat Exchanger and Refrigeration IPO size was 341.95 with Issue price of 220.00 .

Merchant Banker(s) of KRN Heat Exchanger and Refrigeration IPO: Holani Consultants Private Limited

KRN Heat Exchanger and Refrigeration IPO subscription was 213.41 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

KRN Heat Exchanger and Refrigeration IPO listed at a listing price of 478.45 against the offer price of 220.00.

The current market price of KRN Heat Exchanger and Refrigeration is 840.55.

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