KRN Heat Exchanger IPO: A Comprehensive Review
Introduction
KRN Heat Exchanger & Refrigeration Ltd., a Rajasthan-based company, has recently hit the market with its IPO. As an emerging player in the manufacturing of fin and tube-type heat exchangers, KRN has garnered attention due to its quality tailor-made products. Let’s break down the key aspects of KRN Heat Exchanger IPO:
KRN Heat Exchanger IPO Subscription Status
On Day 3 of the KRN Heat Exchanger IPO, the subscription figures were nothing short of remarkable. KRN Heat Exchanger’s public issue was oversubscribed by a staggering 213.41 times! Here’s the breakdown by investor category:
- Qualified Institutions: Subscribed 253.04 times
- Non-Institutional Buyers (NII): Subscribed 430.54 times
- Retail Investors: Subscribed 96.74 times
The total application count reached a whopping 6,291,460, making it a hotly contested offering. Clearly, investor interest is sky-high.
Grey Market Premium (GMP) of KRN Heat Exchanger IPO
The Grey Market Premium (GMP) for KRN Heat Exchanger shares has been buzzing. As of now, it stands at around ₹250 per share, translating to a premium of approximately 125% over the issue price. This indicates strong demand and optimism among investors.
Financial Health
But what about the company’s financials? KRN Heat Exchanger boasts impressive numbers:
- Revenue (FY 2024): ₹313.54 crore
- Profit (FY 2024): ₹39.07 crore
- Return on Equity (ROE): A robust 40.86%
- Return on Capital Employed (ROCE): A healthy 31.21%
- Debt-to-Equity Ratio: A manageable 0.45
These figures reflect a solid balance sheet and financial stability.
Expert Opinions on KRN Heat Exchanger IPO
Analysts have weighed in on KRN Heat Exchanger’s prospects. At the upper price band of ₹220, the company’s valuation stands at an FY24 P/E multiple of 35.0x based on post-issue capital. Despite this, experts find the issue attractive due to KRN’s consistent growth track record. Over the last three years, the company’s revenue, EBITDA, and PAT have grown at impressive CAGRs of 40.5%, 86.1%, and 92.1%, respectively.
Should You Apply?
The million-dollar question: Should you apply for KRN Heat Exchanger IPO? Well, it depends on your risk appetite and investment horizon. If you’re looking for a medium to long-term play in a promising sector, KRN might be worth considering. However, always consult with your financial advisor before making any investment decisions.
Remember, IPOs can be volatile, and market sentiment can change rapidly. Stay informed, keep an eye on the allotment status, and make an informed choice. Happy investing! 📈🔍
Disclaimer: The information provided here is for educational purposes only and does not constitute financial advice. Invest wisely and conduct your due diligence.
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