KRN Heat Exchanger IPO vs Western Carriers (India) IPO

Comparision between KRN Heat Exchanger IPO and Western Carriers (India) IPO.

IPO Details

KRN Heat Exchanger IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	KRN Heat Exchanger IPO	Western Carriers (India) 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	Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of KRN Heat Exchanger IPO is whereas the issue size of the Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of KRN Heat Exchanger IPO is and of Western Carriers (India) IPO is ₹172.00 per share.

	KRN Heat Exchanger IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)		₹163.00 per share
Issue Price (Upper)		₹172.00 per share
Issue Price (Final)		₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size		87 shares
Fresh Issue Size	1,55,23,000 shares	2,32,55,813 shares
Fresh Issue Size (Amount)		up to ₹400.00 Cr
OFS Issue Size		54,00,000 shares
OFS Issue Size (Amount)		up to ₹92.88 Cr
Issue Size Total	1,55,23,000 shares	2,86,55,813 shares
Issue Size Total (Amount)		up to ₹492.88 Cr

IPO Timetable

KRN Heat Exchanger IPO opens on Sep 25, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of KRN Heat Exchanger IPO and Western Carriers (India) IPO is Sep 27, 2024, and Sep 18, 2024, respectively.

	KRN Heat Exchanger IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 24, 2024	Sep 12, 2024
Issue Open	Sep 25, 2024	Sep 13, 2024
Issue Close	Sep 27, 2024	Sep 18, 2024
Basis Of Allotment (Tentative)	Sep 30, 2024	Sep 19, 2024
Initiation of Refunds (Tentative)	Oct 01, 2024	Sep 20, 2024
Credit of Share (Tentative)	Oct 01, 2024	Sep 20, 2024
Listing date (Tentative)	Oct 03, 2024	Sep 23, 2024
Anchor Lockin End date 1		Oct 19, 2024
Anchor Lockin End date 2		Dec 18, 2024

Financials

KRN Heat Exchanger IPO P/E ratio is , as compared to Western Carriers (India) IPO P/E ratio of 16.85.

KRN Heat Exchanger IPO

Western Carriers (India) IPO

Financial

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

KRN Heat Exchanger and Refrigeration Limited's revenue increased by 25.47% and profit after tax (PAT) rose by 20.9% 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	258.36	148.76	92.79
Revenue	313.54	249.89	158.23
Profit After Tax	39.07	32.31	10.59
Net Worth	131.65	59.57	25.53
Total Borrowing	59.69	36.64	22.12
Amount in ₹ Crore

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% 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	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.39%

99.99%

Promoter Shareholding (Post-Issue)

P/E Ratio

16.85

Market Cap

₹1753.63 Cr.

ROE

40.86%%

22.41%%

ROCE

31.21%%

29.23%%

Debt/Equity

0.45

0.67

EPS

₹10.21

RoNW

29.68%%

20.17%%

Shares Offered

In the KRN Heat Exchanger IPO retail investors (RII) are offered while in Western Carriers (India) IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in KRN Heat Exchanger IPO and 57,31,163 shares in Western Carriers (India) IPO.

	KRN Heat Exchanger IPO	Western Carriers (India) IPO
Anchor Investor Reserveration		85,96,743 shares
Market Maker Reserveration
QIB		57,31,163 shares
NII		42,98,372 shares
RII		1,00,29,535 shares
Employee		0 shares
Others
Total		2,00,59,070 shares

Bids Received (Subscription)

KRN Heat Exchanger IPO subscribed in total, whereas Western Carriers (India) IPO subscribed 5.13x.

	KRN Heat Exchanger IPO	Western Carriers (India) IPO
QIB (times)		0.03x
NII (times)		5.62x
Big NII (times)		4.43x
Small NII (times)		7.99x
RII (times)		7.84x
Employee (times)
Other (times)
Total (times)		5.13x

Compare with others

KRN Heat Exchanger IPO	Western Carriers (India) IPO
Northern Arc Capital IPO	KRN Heat Exchanger IPO
Arkade Developers IPO	Northern Arc Capital IPO
Western Carriers (India) IPO	Arkade Developers IPO
P N Gadgil Jewellers IPO	P N Gadgil Jewellers IPO
Kross IPO	Kross IPO
	Tolins Tyres IPO
	Shree Tirupati Balajee IPO
	Gala Precision Engineering IPO

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