KRN Heat Exchanger and Refrigeration Limited IPO Review
Neutral220-220 · Mainboard
✦
Analyst Verdict
KRN Heat Exchanger and Refrigeration Limited IPO
Neutral
IPO at a Glance
Price Band
220-220
Issue Size
342cr
Min. Investment
₹14,300
Opens
2024-09-23
Closes
2024-09-25
Listing
2024-10-01
Category
Mainboard
Key Strengths
✓Strong leadership from promoters supported by an experienced senior management team
✓Long-standing business relationships with leading clients in the industry
✓Effective quality control processes ensuring high product standards
✓Well-established manufacturing facility with consistent financial performance
Key Risks
⚠Significant revenue dependence on Daikin Airconditioning India and its top 10 customers poses a concentration risk.
⚠Heavy reliance on a few suppliers, with over 70% of imports from foreign countries, increases vulnerability to disruptions.
⚠No long-term supplier contracts and dependence on overseas vendors expose the company to supply chain risks.
⚠Lack of hedging against raw material price fluctuations may hurt margins if costs cannot be passed to customers.
Frequently Asked Questions
Should I apply for KRN Heat Exchanger and Refrigeration Limited IPO?
Based on our analysis, our rating for KRN Heat Exchanger and Refrigeration Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of KRN Heat Exchanger and Refrigeration Limited IPO?
Significant revenue dependence on Daikin Airconditioning India and its top 10 customers poses a concentration risk. Heavy reliance on a few suppliers, with over 70% of imports from foreign countries, increases vulnerability to disruptions. No long-term supplier contracts and dependence on overseas vendors expose the company to supply chain risks.
What are the strengths of KRN Heat Exchanger and Refrigeration Limited IPO?
Strong leadership from promoters supported by an experienced senior management team Long-standing business relationships with leading clients in the industry Effective quality control processes ensuring high product standards
What is the price band of KRN Heat Exchanger and Refrigeration Limited IPO?
The price band for KRN Heat Exchanger and Refrigeration Limited IPO is 220-220. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more