United Heat Transfer IPO
Open SmeCurrent GMP
₹17 (+28.81%)
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹30 Cr
Minimum Investment
₹236000 (4000 Shares)
Listing Date
29 October 2024
Subscription
83.77x
About the Company
United Heat Transfer Limited was originally incorporated on January 27, 1995, as United Heat Transfers Private Limited under the Companies Act, 1956, in Mumbai, Maharashtra. The company’s name was changed to *United Heat Transfer Limited* in 2009 following a special resolution. It was further converted into a public limited company in 2024, and the new name was officially registered with the Registrar of Companies on June 12, 2024.
The company specializes in the manufacturing of shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skids. These products serve critical applications in industries such as petroleum, maritime, railways, mining, and power generation, among others. Their products are widely used in engines for trucks, ships, boats, and various heavy machinery.
United Heat Transfer Limited manufactures heat transfer equipment in accordance with recognized standards, including TEMA, ASME Section VIII Div. 1 & 2, and API standards. The company is known for its high-quality craftsmanship, engineering expertise, and a commitment to technological innovation in its product offerings.
Promoters
- Mr. Yogesh Vishwanath Patil
- Mr. Vivek Vishwanath Patil
- Mr. Shatanik Vivek Patil
- Ms. Durva Yogesh Patil
Promoters Holding
Holding Pre Issue
91.59%
Holding Post Issue
67.09%
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Repayment of Debt;
2. To Meet Incremental Working Capital Requirements;
3. General Corporate Purpose.
Address / Contact Info
United Heat Transfer Limited
Plot No F-131, MIDC Area,
Ambad, Nashik, Maharashtra,
India, 422010
Phone: +91 25323 82484
Email: company.secretary@unitedheat.net
Website: https://unitedheat.net
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 22 October 2024
IPO Close Date
Thursday, 24 October 2024
Basis of Allotment
Friday, 25 October 2024
Initiation of Refunds
Monday, 28 October 2024
Credit of Shares to Demat
Monday, 28 October 2024
Listing Date
Tuesday, 29 October 2024 — NSE & BSE
Important Dates
Open Date
22 October 2024
Close Date
24 October 2024
Basis Of Allotment
25 October 2024
Listing Date
29 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 7230.03 | 7046.67 | 6481.52 | 6262.36 |
| Revenue | 2120.01 | 6409.55 | 7040.15 | 4796.11 |
| Profit After Tax | 242.53 | 623.85 | 211.54 | 152.67 |
| Net Worth | 2865.24 | 2037.71 | 1413.86 | 1202.32 |
| Reserve & Surplus | 1473.24 | 762.71 | 988.86 | 777.32 |
| Total Borrowings | 3202.13 | 3692.18 | 3295.18 | 3761.47 |
EPS Pre
4.48%
EPS Post
3.83%
P/E Pre
13.16
P/E (Post Issue)
15.41x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of July 31, 2024. |
|---|---|
| ROE % | 8.46 |
| ROCE % | 10.79 |
| Debt / Equity | 1.12 |
| RoNW % | 8.46 |
| PbW | 3.69 |
| Pat Margin % | 11.44 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1434000 | 28.21 | 0 |
| Market Maker | 256000 | 5.04 | 0 |
| Qualified Institutions | 974000 | 19.16 | 0 |
| Non-Institutional | 728000 | 14.32 | 0 |
| Retail Investors | 1692000 | 33.28 | 0 |
| Total | 5084000 | 100 | 0 |
Subscription Status ( Thu, 24 Oct 24 12:44 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 974000 | 25872000 | 26.56x |
| Non-Institutional | 728000 | 91054000 | 125.07x |
| Retail Investors | 1692000 | 167396000 | 98.93x |
| Total | 3394000 | 284322000 | 83.77x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 118,000.00 |
| Retail (Max) | 1 | 2,000 | 118,000.00 |
| S-HNI (Min) | 2 | 4,000 | 236,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Swastika Investmart Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
United Heat Transfer IPO is a Book-building IPO worth ₹30 crores. The price band is ₹56 to 59 per share. The IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The United Heat Transfer IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024
United Heat Transfer IPO Price Band is ₹56 to 59.
United Heat Transfer IPO lot size is 2000, and the minimum amount required for application is ₹236000.
The minimum investment for United Heat Transfer IPO is approximately ₹236000 based on the upper price band.
To apply for the United Heat Transfer IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Oct 24, 2024. After submission, funds are blocked until the basis of allotment of United Heat Transfer IPO is finalised.
United Heat Transfer IPO issue size is ₹30 crores.
United Heat Transfer IPO allotment date is Sat, Jun 27, 2026.
The registrar for United Heat Transfer IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to United Heat Transfer IPO through their official website or helpline.
The United Heat Transfer IPO GMP (Grey Market Premium) is ₹17 as of Tue, Oct 29, 2024. Based on the upper price band of ₹59 per share, the estimated United Heat Transfer IPO listing price is ₹76, indicating a potential listing gain of approximately 31% over the issue price.