Stories
Koolking Industries Files IPO Papers to Raise Rs 300 Crore for Expansion
- •Koolking Industries India, an HVAC components manufacturer, has filed draft papers for an IPO to raise Rs 300 crore through a fresh issue.
- •Promoters plan to sell up to 30.5 lakh shares via an offer-for-sale, with a potential pre-IPO placement of up to Rs 60 crore.
- •The company, incorporated in 2008, operates five manufacturing facilities across India with a total capacity of 41.92 crore units per annum.
- •Proceeds from the fresh issue will fund new manufacturing units in Malerkotla, Sricity, and Ghiloth, purchase new machinery, and cover working capital.
- •Koolking Industries reported a profit of Rs 33.2 crore and revenue of Rs 526.7 crore for the year ended March 2026.
Key Questions Answered
Koolking Industries has filed draft papers with SEBI to raise funds through an initial public offering, which includes a fresh issue of Rs 300 crore and an offer-for-sale of up to 30.5 lakh shares by promoters. The company may also consider a pre-IPO placement of up to Rs 60 crore.
The company proposes to use Rs 138.4 crore to set up new manufacturing units in Malerkotla, Sricity, and Ghiloth. Additionally, Rs 14.5 crore will purchase new machinery, Rs 60 crore will support working capital, and the remaining funds will go toward general corporate purposes.
Koolking Industries reported a net profit of Rs 33.2 crore for the year ended March 2026, marking a 22.4 percent increase from Rs 27.1 crore in the previous fiscal year. Its revenue rose 9 percent to reach Rs 526.7 crore compared to Rs 483.1 crore a year earlier.
