You've certainly seen a lot of initial public offers (IPOs) go public, but KRN Heat Exchangers' IPO is one of the few stories about a farmer's son hoping for stock market success. The IPO follows Santosh Kumar Yadav, a small-town citizen of Tijara, Rajasthan, and the son of a farmer, as he rises to become CEO of a big manufacturing company and makes his stock exchange debut.
KRN Heat Exchanger IPO: The Early Life and Career of Santosh Kumar Yadav Santosh Kumar Yadav lives in Tijara, a hamlet in Rajasthan. His father is a farmer. Yadav and his family are a fantastic illustration of how dedication and hard work can catapult you up the success ladder. Yadav began working at Lloyd Electric and Engineering as a trainee operator.
In 2013, Yadav left the organization to pursue his dream of being a successful businessman. He then collaborated with an investor to establish Micro Coils and Refrigeration in Bhiwadi, Rajasthan. In an effort to expand further, he sold his stake in that company in 2017 and founded KRN Heat Exchangers and Refrigeration.
Yadav expands his business to make Rs 308.28 crore in income. The company manufactures products for the HVAC (Heating, Ventilation, Air Conditioning, and Refrigeration) industry. The firm has grown significantly. Since starting manufacturing in 2018, the company now serves clients in 17 states across India and exports to nine countries, including the United States, Canada, Italy, and Germany. For FY24, the company's combined revenue was Rs 308.28 crore.
Details about KRN Heat Exchanger and Refrigeration Ltd's Rs 342 crore IPO: KRN Heat Exchanger and Refrigeration Ltd's Rs 342 crore initial public offering (IPO) will begin on September 25. The company has declared a price band of Rs 209 to Rs 220 per share for its Rs 342-crore IPO, with the revenues used to fund the company's expansion objectives. The Rajasthan-based company's maiden share offering will be accessible for public subscription on September 25 and close on September 27. Brokerage houses estimate the company's market capitalization to be more than Rs 1,300 crore post-issue
