IPO Details
Bidding Dates
25 Sept 24 - 27 Sept 24
Price Range ₹
209 - 220
Total Equity
₹ 341.95Cr
Lot Size
65
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
98.29×
Qualified Institutional Buyers
253.04×
Employees
0.00×
Retail Investors
98.29×
Total subscription Rate
214.42×
IPO Timeline
Offer start
25 Sept 2024
Offer end
27 Sept 2024
Allotment
30 Sept 2024
Refund initiation
01 Oct 2024
Demat transfer
01 Oct 2024
Listing
03 Oct 2024
Offer start
25 Sept 2024
Offer end
27 Sept 2024
Allotment
30 Sept 2024
Refund initiation
01 Oct 2024
Demat transfer
01 Oct 2024
Listing
03 Oct 2024
About Company
Business:Leading manufacturer of fin and tube-type heat exchangers Products: * Copper and aluminum fins and copper tubes heat exchangers * Water coils, condenser coils, and evaporator coils * Heat exchanger tubes in various sizes (5 mm to 15.88 mm) Applications: * Domestic, commercial, and industrial HVAC&R industry Customers: * Daikin Airconditioning India Pvt Ltd * Schneider Electric IT Business India Pvt Ltd * Kirloskar Chillers Private Ltd * Blue Star Ltd * Climaventa Climate Technologies Pvt Ltd * Frigel Intelligent Cooling Systems India Pvt Ltd * (And others) Exports: * UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, and more Manufacturing Facility: * Located in Neemrana, Rajasthan * Covers an area of 7,800 sq. mt. * Uses state-of-the-art coil manufacturing machines (Hair Pin Bender, Fin Press Machine, CNC Tube Bender, and Vertical Expander)
Year Founded
25-08-2017
Promotor Details
Santosh Kumar Yadav
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.39 | 70.78 |
| Share Capital | 43999980 | 43999980 |
Offer to Public
1,55,43,000.00 Cr
Highlights
- The company benefits from a capable leadership team and experienced senior management.
- Long-standing relationships with key clients demonstrate the company's reliability and market presence.
- Effective quality control measures ensure product excellence and customer satisfaction.
- The company has a track record of stable financial performance, indicating a solid business model.
- The company has an established manufacturing facility and is focused on improving operational efficiency and product quality.
Challenges
- The company's reliance on a single major customer and a small group of key customers exposes it to significant revenue volatility.
- The company's dependence on a limited number of suppliers, particularly for raw materials, could disrupt operations and increase costs.
- Regulatory compliance challenges, potential supply chain disruptions, and difficulties in collecting receivables could impact the company's financial performance.
- The company's rapid growth and increasing profitability raise questions about its ability to sustain these trends in the future.
- The company's reliance on imports from specific regions exposes it to potential supply chain disruptions and regulatory challenges.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 25,836.43 | 4,613.66 | 3,906.86 | 3,906.86 | 8.468 |
