From Fields to Fortune: Farmer’s Son Set to Launch ₹340 Crore IPO! - Read Now

At 44, Santosh's journey began as a trainee operator at Lloyd Electric and Engineering. After leaving his job in 2013, he partnered with an investor to establish Micro Coils and Refrigeration in Bhiwadi. By 2017, he sold his stake in that venture and founded KRN Heat Exchanger and Refrigeration.

By Aayushi Dubey Sep 23, 2024, 15:47 IST

A remarkable story of determination and hard work is unfolding as Santosh Kumar Yadav, the son of a farmer from Rajasthan, prepares to debut his company, KRN Heat Exchanger and Refrigeration, on the stock market. The initial public offering (IPO) is set to open on September 25, aiming to raise ₹340 crore.

At 44, Santosh's journey began as a trainee operator at Lloyd Electric and Engineering. After leaving his job in 2013, he partnered with an investor to establish Micro Coils and Refrigeration in Bhiwadi. By 2017, he sold his stake in that venture and founded KRN Heat Exchanger and Refrigeration. The company specializes in manufacturing aluminum and copper fin tube condensers and coils for the HVAC&R industry.

Since its inception, KRN has made significant strides. The company started its manufacturing operations in 2018 and has expanded its reach to 17 states in India. Not only that, but KRN also exports its products to nine countries, including the USA, Canada, Italy, and Germany.

KRN's revenue has shown impressive growth, with ₹308.28 crore reported in FY24. As the company prepares for its IPO, investors are eager to see how this venture will unfold, with many anticipating a doubling of their investments.

Santosh's inspiring journey from a small town to the stock market exemplifies the potential that lies in hard work and ambition. As the IPO date approaches, all eyes will be on KRN Heat Exchanger and Refrigeration.

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