NEW DELHI: Rajasthan-based KRN Warmth Exchanger and Refrigeration Ltd is making ready to launch its Preliminary Public Providing (IPO) on September 25.
The bidding course of for anchor buyers will open for a day on September 24 whereas the IPO will stay open till September 27, based on the Crimson Herring Prospectus (RHP). The funds raised will gasoline firm’s enlargement plans and will probably be invested in KRN HVAC Merchandise, a wholly-owned subsidiary of the corporate, to ascertain a brand new manufacturing facility in Neemrana, Alwar, Rajasthan.
The desire include a recent situation of 1.55 crore fairness shares, with none Provide For Sale (OFS) part, as per the RHP.
The corporate manufactures fin and tube-type warmth exchangers used within the warmth air flow air con and refrigeration business at its built-in manufacturing facility, which consists of two industrial plots situated within the RIICO Industrial Space, Neemrana, Rajasthan.
The corporate has established long-term partnerships with a number of outstanding firms within the business, together with Daikin Air-con India Pvt Ltd, Schnieder Electrical IT Enterprise India Pvt Ltd, Kirloskar Chillers Pvt Ltd, Blue Star Ltd, and Climaventa Local weather Applied sciences Pvt Ltd.
Earlier, the corporate efficiently raised Rs 9.54 crore by means of a pre-IPO placement spherical final month. The position concerned the allocation of 4.77 lakh fairness shares at a value of Rs 200 per share.
The vast majority of the funds had been raised by allotting shares to a various group of particular person buyers. Holani Consultants is the only real book-running lead supervisor to the corporate’s maiden public situation.
The bidding course of for anchor buyers will open for a day on September 24 whereas the IPO will stay open till September 27, based on the Crimson Herring Prospectus (RHP). The funds raised will gasoline firm’s enlargement plans and will probably be invested in KRN HVAC Merchandise, a wholly-owned subsidiary of the corporate, to ascertain a brand new manufacturing facility in Neemrana, Alwar, Rajasthan.
The desire include a recent situation of 1.55 crore fairness shares, with none Provide For Sale (OFS) part, as per the RHP.
The corporate manufactures fin and tube-type warmth exchangers used within the warmth air flow air con and refrigeration business at its built-in manufacturing facility, which consists of two industrial plots situated within the RIICO Industrial Space, Neemrana, Rajasthan.
The corporate has established long-term partnerships with a number of outstanding firms within the business, together with Daikin Air-con India Pvt Ltd, Schnieder Electrical IT Enterprise India Pvt Ltd, Kirloskar Chillers Pvt Ltd, Blue Star Ltd, and Climaventa Local weather Applied sciences Pvt Ltd.
Earlier, the corporate efficiently raised Rs 9.54 crore by means of a pre-IPO placement spherical final month. The position concerned the allocation of 4.77 lakh fairness shares at a value of Rs 200 per share.
The vast majority of the funds had been raised by allotting shares to a various group of particular person buyers. Holani Consultants is the only real book-running lead supervisor to the corporate’s maiden public situation.
