Comparison between KRN Heat Exchanger IPO and Kross IPO.
KRN Heat Exchanger IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Kross IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of KRN Heat Exchanger IPO is up to ₹341.95 Cr whereas the issue size of the Kross IPO is up to ₹500.00 Cr. The final issue price of KRN Heat Exchanger IPO is ₹220.00 per share and of Kross IPO is ₹240.00 per share.
| KRN Heat Exchanger IPO | Kross IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹209.00 per share | ₹228.00 per share |
| Issue Price (Upper) | ₹220.00 per share | ₹240.00 per share |
| Issue Price (Final) | ₹220.00 per share | ₹240.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 65 shares | 62 shares |
| Fresh Issue Size | 1,55,43,000 shares | 1,04,16,666 shares |
| Fresh Issue Size (Amount) | up to ₹341.95 Cr | up to ₹250.00 Cr |
| OFS Issue Size | 0 shares | 1,04,16,666 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹250.00 Cr |
| Issue Size Total | 1,55,43,000 shares | 2,08,33,332 shares |
| Issue Size Total (Amount) | up to ₹341.95 Cr | up to ₹500.00 Cr |
KRN Heat Exchanger IPO opens on Sep 25, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of KRN Heat Exchanger IPO and Kross IPO is Sep 27, 2024, and Sep 11, 2024, respectively.
| KRN Heat Exchanger IPO | Kross IPO | |
|---|---|---|
| Anchor Bid Date | Sep 24, 2024 | Sep 06, 2024 |
| Issue Open | Sep 25, 2024 | Sep 09, 2024 |
| Issue Close | Sep 27, 2024 | Sep 11, 2024 |
| Basis Of Allotment (Tentative) | Sep 30, 2024 | Sep 12, 2024 |
| Initiation of Refunds (Tentative) | Oct 01, 2024 | Sep 13, 2024 |
| Credit of Share (Tentative) | Oct 01, 2024 | Sep 13, 2024 |
| Listing date (Tentative) | Oct 03, 2024 | Sep 16, 2024 |
| Anchor Lockin End date 1 | Oct 30, 2024 | Oct 11, 2024 |
| Anchor Lockin End date 2 | Dec 29, 2024 | Dec 10, 2024 |
KRN Heat Exchanger IPO P/E ratio is 24.78, as compared to Kross IPO P/E ratio of 28.93.
| KRN Heat Exchanger IPO | Kross IPO | |||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 94.39 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.78 | 67.7 | ||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.78 | 28.93 | ||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1309.51 Cr. | ₹1548.23 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 40.86% | 30.57% | ||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 31.21% | 28.15% | ||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.45 | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.88 | ₹8.30 | ||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 29.68% | 30.57% | ||||||||||||||||||||||||||||||||||||||||||||||
In the KRN Heat Exchanger IPO Retail Individual Investors (RII) are offered 54,98,330 shares while in Kross 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 41,66,666 shares in Kross IPO.
| KRN Heat Exchanger IPO | Kross IPO | |
|---|---|---|
| Anchor Investor Reservation | 45,50,000 shares | 62,49,999 shares |
| Market Maker Reservation | ||
| QIB | 31,07,455 shares | 41,66,666 shares |
| NII | 23,87,215 shares | 31,25,000 shares |
| RII | 54,98,330 shares | 72,91,667 shares |
| Employee | ||
| Others | ||
| Total | 1,55,43,000 shares | 2,08,33,332 shares |
KRN Heat Exchanger IPO subscribed 213.41x in total, whereas Kross IPO subscribed 17.66x.
| KRN Heat Exchanger IPO | Kross IPO | |
|---|---|---|
| QIB (times) | 253.04x | 24.55x |
| NII (times) | 430.54x | 23.40x |
| Big NII (times) | 445.31x | 23.21x |
| Small NII (times) | 401.01x | 23.77x |
| RII (times) | 96.74x | 11.26x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 213.41x | 17.66x |
