KRN Heat Exchanger and Refrigeration Ltd IPO

Their experience in automated production facilities is focused on research and development, coupled with technologically advanced, quality consistency on-time delivery and cost-competitive manufacturing technology processes. This has resulted in solid relationships with some of the leading air-conditioning manufacturers like Daikin Air conditioning since 2018, Schneider Electric IT Business India Private Limited since 2019 and Kirloskar Chillers Private Limited since 2020.

The company’s years of experience in precision engineering, strategically located production facilities, and focus on design, coupled with technologically advanced and cost-competitive manufacturing technology processes have enabled them to meet their customers’ bespoke and stringent requirements. They have full-service capabilities across the product cycle including product design and development, material sourcing, designing, testing and measurement infrastructure, all under one roof.

The company has shown consistent quality in terms of revenues and profitability. The revenue from operations increased to 30,828.31 lakhs in 2024 from 15,611.46 lakhs, growing at a CAGR of 25.46%, EBITDA has risen to 5,845.24 lakhs from 1,693.56, increasing at a CAGR of 51.12%, and profit after tax increased to 3,906.86 at a CAGR of 54.52%.