KRN Heat Exchanger and Refrigeration Ltd. has announced public offering of 15523000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 210.00 per share. The gross proceeds of the issue are expected to be Rs 34,150.60 lakhs.

The company's initial public offer (IPO) will open on 25 September 2024 and is expected to close on 27 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 209.00-220.00 per share.

The IPO includes a fresh Issue of 15523000 Equity Shares of the Company at an price of Rs 220.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 65 shares with bids in multiples of 65.

KRN Heat Exchanger and Refrigeration Ltd. anticipates using the proceeds of the issue for .

Holani Consultants Private Limited as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.