KRN Heat Exchanger and Refrigeration Share Price

KRN Heat Exchanger and Refrigeration Limited was incorporated in Bhiwadi, Alwar as 'KRN Heat Exchanger and Refrigeration Private Limited', pursuant to a Certificate of Incorporation dated August 25, 2017 issued by Central Registration Centre, Manesar. Thereafter, the Company got converted from a private limited to public limited , and the name of the Company was changed to 'KRN Heat Exchanger and Refrigeration Limited' through a fresh Certificate of Incorporation dated April 03, 2023, was issued by the Registrar of Companies, Jaipur, Rajasthan to Company. Led by the Promoter, Santosh Kumar Yadav, the Company manufactures fin and tube type Heat Exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry (HVAC&R). Heat Exchangers manufactured are made of non-ferrous metals primarily Copper and Aluminium. To enhance the longevity and corrosion resistance of heat exchangers and their components, various types of coatings such as nano coating, and powder coating are applied to the surfaces of copper tubes, brazing joints, and fin sheets. By applying these advanced coatings to heat exchangers and their components, their products ensure that the heat exchanger operates efficiently over an extended period, reducing maintenance costs and enhancing overall performance. The protective barrier provided by these coatings ensures that the heat exchanger withstands harsh conditions and maintains its optimal functionality. The Company established its Plant in October, 2017. After establishing the plant, it started production from June 2018 by installing a machinery. It embarked on the project by expanded the plant area to 7,800 Sq. Mt. and further acquired Helium Leak Testing Machine, NCT Punching for sheet metal parts during year 2019. During the period 2020, it established a plant equipped with EOT Cranes to manufacture larger heat exchangers. New business lines were introduced to cater Air Handling Unit (AHU) and industrial application business during 2021. In 2022, the Company was made a dedicated sales representative in Europe. The Company propose Public Issue of 1,93,05,000 Equity Shares through Fresh Issue.