KRN Heat to float initial share sale in Sep, collects Rs 9.54 cr in pre-IPO

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KRN Heat to float initial share sale in Sep, collects Rs 9.54 cr in pre-IPO - Business Standard

Quick Summary:

KRN Heat Exchanger's initial paper was filed in January 2024, comprising entirely a fresh issue of 1.93 crore equity shares with no OFS component.

The company's entire manufacturing operations are undertaken at its consolidated manufacturing facility comprising two industrial plots located in the RIICO Industrial Area, Neemrana, Rajasthan.

KRN Heat Exchanger and Refrigeration Ltd is likely to come out with its initial share sale next month, and funds will be used for expansion plans, market sources said on Sunday.