KRN Heat Exchanger IPO vs P N Gadgil Jewellers IPO

Comparision between KRN Heat Exchanger IPO and P N Gadgil Jewellers IPO.

IPO Details

KRN Heat Exchanger IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while P N Gadgil Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Holani Consultants Private Limited	Motilal Oswal Investment Advisors Limited Nuvama Wealth Management Limited Bob Capital Markets Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of KRN Heat Exchanger IPO is up to ₹341.95 Cr whereas the issue size of the P N Gadgil Jewellers IPO is up to ₹1,100.00 Cr. The final issue price of KRN Heat Exchanger IPO is ₹220.00 per share and of P N Gadgil Jewellers IPO is ₹480.00 per share.

	KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹209.00 per share	₹456.00 per share
Issue Price (Upper)	₹220.00 per share	₹480.00 per share
Issue Price (Final)	₹220.00 per share	₹480.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	65 shares	31 shares
Fresh Issue Size	1,55,43,000 shares	1,77,08,334 shares
Fresh Issue Size (Amount)	up to ₹341.95 Cr	up to ₹850.00 Cr
OFS Issue Size		52,08,333 shares
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total	1,55,43,000 shares	2,29,16,667 shares
Issue Size Total (Amount)	up to ₹341.95 Cr	up to ₹1,100.00 Cr

IPO Timetable

KRN Heat Exchanger IPO opens on Sep 25, 2024, while P N Gadgil Jewellers IPO opens on Sep 10, 2024. The closing date of KRN Heat Exchanger IPO and P N Gadgil Jewellers IPO is Sep 27, 2024, and Sep 12, 2024, respectively.

	KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
Anchor Bid Date	Sep 24, 2024	Sep 09, 2024
Issue Open	Sep 25, 2024	Sep 10, 2024
Issue Close	Sep 27, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 30, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Oct 01, 2024	Sep 16, 2024
Credit of Share (Tentative)	Oct 01, 2024	Sep 16, 2024
Listing date (Tentative)	Oct 03, 2024	Sep 17, 2024
Anchor Lockin End date 1	Oct 30, 2024	Oct 13, 2024
Anchor Lockin End date 2	Dec 29, 2024	Dec 12, 2024

Financials

KRN Heat Exchanger IPO P/E ratio is 24.78, as compared to P N Gadgil Jewellers IPO P/E ratio of 36.7.

KRN Heat Exchanger IPO

P N Gadgil Jewellers IPO

Financial

KRN Heat Exchanger and Refrigeration Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	258.36
Revenue	313.54
Profit After Tax	39.07
Net Worth	131.65
Total Borrowing	59.69
Amount in ₹ Crore

P N Gadgil Jewellers Limited Financial Information (Restated Consolidated)

P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,464.98	1,062.55	1,110.24
Revenue	6,119.1	4,559.31	2,586.31
Profit After Tax	154.34	93.7	69.52
Net Worth	534.38	365.73	282.01
Reserves and Surplus		255.53	191.22
Total Borrowing	396.5	283.21	294.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.39%

100%

Promoter Shareholding (Post-Issue)

83.11 %

P/E Ratio

24.78

36.7

Market Cap

₹1309.51 Cr.

₹6514.00 Cr.

ROE

40.86%%

28.88%%

ROCE

31.21%%

27.31%%

Debt/Equity

0.45

0.74

EPS

₹8.88

₹13.08

RoNW

29.68%%

28.88%%

Shares Offered

In the KRN Heat Exchanger IPO retail investors (RII) are offered 54,98,330 shares while in P N Gadgil Jewellers IPO retail investors are offered 54,98,330 shares. Qualified institutional buyers (QIB) are offered 31,07,455 shares in KRN Heat Exchanger IPO and 48,24,560 shares in P N Gadgil Jewellers IPO.

	KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
Anchor Investor Reserveration	45,50,000 shares	68,74,999 shares
Market Maker Reserveration
QIB	31,07,455 shares	48,24,560 shares
NII	23,87,215 shares	36,18,421 shares
RII	54,98,330 shares	84,42,983 shares
Employee	0 shares	0 shares
Others
Total	1,09,93,000 shares	1,68,85,964 shares

Bids Received (Subscription)

KRN Heat Exchanger IPO subscribed 213.41x in total, whereas P N Gadgil Jewellers IPO subscribed 59.41x.

	KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
QIB (times)	253.04x	136.85x
NII (times)	430.54x	56.08x
Big NII (times)	445.31x	59.11x
Small NII (times)	401.01x	50.03x
RII (times)	96.74x	16.58x
Employee (times)
Other (times)
Total (times)	213.41x	59.41x

Compare with others

KRN Heat Exchanger IPO	P N Gadgil Jewellers IPO
Garuda Construction and Engineering IPO	Manba Finance IPO
Afcons Infrastructure IPO	KRN Heat Exchanger IPO
Hyundai Motor IPO	Northern Arc Capital IPO
Diffusion Engineers IPO	Arkade Developers IPO
Manba Finance IPO	Western Carriers (India) IPO
Northern Arc Capital IPO	Kross IPO
Arkade Developers IPO	Tolins Tyres IPO
Western Carriers (India) IPO	Shree Tirupati Balajee IPO
P N Gadgil Jewellers IPO	Gala Precision Engineering IPO
Kross IPO	Baazar Style Retail IPO

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