KRN Heat Exchanger IPO Proceeds Monitoring Report Released

KRN Heat Exchanger and Refrigeration Ltd has released the Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of its Initial Public Offer (IPO) proceeds. The report, issued by Crisil Ratings Limited, confirms that there have been no deviations from the stated objects of the issue. The IPO, which concluded on December 27, 2024, raised gross proceeds of ₹34,194.60 lakhs, with net proceeds amounting to ₹31,111.66 lakhs after accounting for issue expenses. The company will also upload this report on its website.