KRN Heat Exchanger & Refrigeration Limited

Wishing you all a Happy Dussehra! May this festive season bring success and innovation to new heights. 🌿⚙️ #HappyDussehra #KRNHeatExchanger

Our Chairman & Managing Director, Santosh Kumar along with industry leaders, had insightful conversations at our stall today. We're showcasing our latest innovations in heat exchanger technology. 📍 Come visit us at Hall 7, Stand 406 from 8th - 10th October 2024. We look forward to connecting with you and exploring exciting opportunities in the refrigeration industry! 🌍 #Chillventa2024 #KRNHeatExchanger #RefrigerationSolutions #InnovationInCooling #MeetOurTeam #NetworkingOpportunities

KRN Heat Exchanger and Refrigeration Limited is excited to be at Chillventa 2024 in Germany! Come visit us at Hall 7, Stand 406 from 8th - 10th October. Let’s meet, have a chat, and explore new opportunities for collaboration. We look forward to making great connections! 🌍❄️ #KRNHVAC #Chillventa2024 #Refrigeration #CoolingTech #Networking

Hall 7, Booth number 406

Excited to be part of the REFCOLD India exhibition in Kolkata! Visit us at Hall A, Booth C-20 to explore our innovative heat exchangers and refrigeration solutions. We're here from 3rd to 5th October, showcasing our latest advancements and connecting with industry leaders. Looking forward to great discussions and collaborations! See you at Biswa Bangla Mela Prangan! 🌍❄️ #KRNHVAC #REFCOLD2024 #InnovationInRefrigeration #SustainableCooling

Ringing in a new era for KRN Heat Exchanger and Refrigeration Limited at the BSE bell ceremony! 📈 KRN Heat Exchanger and Refrigeration Limited got listed on BSE today. Mr. Santosh Kumar Yadav, CMD, KRN Heat Exchanger and Refrigeration Limited, along with Ms. Radha Kirthivasan, Head Listing and SME, BSE, and others ring the #BSEBell at the International Convention Hall (ICH) to mark this momentous occasion. This milestone represents our hard work, vision, and determination to reach new heights. The future is bright! 🚀 #KRNHVAC #IPOListing #BellRinging #NewBeginnings #KRNFamily

A moment of pride and celebration for the entire KRN family as we commemorate our successful listing on BSE and NSE with our dedicated team. This achievement wouldn't have been possible without the relentless efforts and commitment of each team member. Here's to many more milestones! 🎉 #KRNHVAC #TeamWork #IPOListing #SuccessJourney #ProudMoment

So proud to be a pre-IPO investor of KRN today (me ringing the bell with promoter Santosh Ji) 🙌🙌 What a beautiful listing on the NSE & BSE mainboard, with Rs 480 listing price (118% above issue price)! My heart and hat both go up in respect of Santosh Ji - The founder. .. Generally, VCs take tech businesses to be scalable and thus have a bias towards investing there. However, KRN Heat Exchanger & Refrigeration Limited has shown how a hardcore manufacturing business can also be immensely scalable while ensuring high profitability. It closed FY24 with revenues of ~Rs 300cr & EBITDA of Rs 64cr at 20% margin - And it got there just 8yrs (vs ~14 yrs on avg that VC-backed firms take to turn profitable)! And it’s all backed by marquee clientele like Daikin, Voltas, Schneider Electric and so many more. Thus, going ahead, I’m always going to advocate private market participants (family offices, corporate VCs etc) in my circles to look at possibilities to invest in such scalable manufacturing businesses in the old economy space, even more so in the early stages. .. But let’s talk more about it. We all know, skipping the traditional shift from agriculture to manufacturing India moved straight into services, now contributing >50% to GDP. And with Govt initiatives like corporate tax cuts for manufacturing units, Atmanirbhar Bharat and PLI schemes, and the maturing capital markets and recovering banking sector health, Santosh ji saw manufacturing finally getting its due boost. On top of it all, with China+1 theme driving a realignment of global supply chains across sectors, this man from a humble background built a well-timed conviction that his time to “Make in India” had come. .. Also, why do I say HUMBLE BACKGROUND? -> He comes from a small village called Hingwahera in Rajasthan’s Alwar and started his career in 2003 as a trainee engineer -> His exemplary operations management got him deputed to Luvata Czech plant in Czech Republic for 2yrs, where he learned about modern equipment -> And, he gradually rose up the ladder, earning multiple promotions to emerge as the DGM of Coli Production Unit in Bhiwadi From all of that to founding his own company in the heavy manufacturing space, timing it all right, and blitz scaling profitably, that’s quite a dream run! .. Meanwhile, please know that this is not investment advise. Rather, this is about our investment, that’s all. We at Dexter (Delta Investment Advisors) invest with an owner’s mindset, and thus always look for exceptional people building high-quality, large and sustainable businesses that compound capital for a very long time. That's why we didn't sell any of Ixigo and may not sell KRN shares during or post IPO. And then we try to add value by leveraging our network and offering a fresh perspective to the leadership teams like in the case of KRN, ixigo (Aloke & Rajnish), Infollion Research Services (Gaurav), OnGrid and more. Best, Devendra

#MarketToday | Dedication and hard work define perfectly the first-generation #entrepreneur and farmer’s son Santosh Kumar Yadav, who hails from #Tijara, a small town in #Rajasthan. His efforts helped him rise from a trainee operator at Lloyd Electric and Engineering to becoming the founder of KRN Heat Exchanger & Refrigeration Limited, which is set to launch its Rs 340 crore #IPO this week More details here: https://lnkd.in/gq-Brxk9 #KRNHeat

#MarketToday | KRN IPO: A farmer’s son from Rajasthan is set to launch Rs 340 crore IPO this week; key things to know http://ow.ly/TfeQ105JyOy