KRN Heat Exchanger and Refrigeration Limited to Launch IPO on September 25, 2024

 

Mumbai: "KRN Heat Exchanger and Refrigeration Limited" has announced its Initial Public Offering (IPO) of up to ₹342 crore, set to open on Wednesday, September 25, 2024. This IPO is part of the company's strategy to enhance its financial position and support future growth initiatives.

Key Details:
Issue Size: The IPO will consist of a combination of fresh issue and an offer for sale, aimed at raising significant capital to fund business expansion, working capital requirements, and general corporate purposes.
Price Band: The price band and specific share details will be disclosed closer to the opening date.
Bidding Period: The IPO will remain open for subscription for a defined period, allowing retail and institutional investors to participate.

'KRN Heat Exchanger and Refrigeration Limited' specializes in manufacturing heat exchangers and refrigeration products, catering to a diverse clientele in various industries. The funds raised from the IPO will be utilized to strengthen the company’s operational capabilities and market reach.

As the company prepares for its IPO, investors will be keen to assess its financial performance and growth prospects in the heat exchanger and refrigeration sector. Further details will be available upon the opening of the issue.