Is KRN Heat Exchanger a Good Investment?

The Indian stock market is buzzing with IPOs, and KRN Heat Exchanger is the latest to catch attention. Let’s explore its potential!

What Does KRN Heat Exchanger Do?

KRN Heat Exchanger manufactures fin and tube-type heat exchangers.

KRN Heat Exchanger IPO Key Information

IPO Date: September 25-27, 2024 – Listing Date: October 3, 2024 – Price Band: ₹209 to ₹220 per share – Lot Size: 65 share

Industry Growth

Rising Demand in Cooling Industry With global temperatures rising, KRN is well-positioned to leverage this growth.

What Does the Grey Market Say?

The KRN Heat Exchanger IPO GMP indicates strong demand, suggesting potential listing gains.

Who Are KRN's Clients?

Major clients include Schneider, Kirloskar, and Blue Star, with exports to markets like the UAE, USA, and Germany.

KRN Heat Exchanger Financials

– Total Assets: ₹2,558 crore – Revenue: ₹313 crore – Profit After Tax: ₹39 crore (12% margin)

KPI Snapshot (as of March 31, 2024)

Market Capitalization: ₹1,309.51 Cr – ROE: 40.86% – Debt/Equity Ratio: 0.45

Should You Invest?

With solid financials and industry growth, KRN Heat Exchanger IPO appears promising for both short-term and long-term investors.