United Heat Transfer IPO Details
The United Heat Transfer IPO is a book build issue with a total issue size of ₹30 cr, comprising of fresh issue of 5084000 equity shares. United Heat Transfer IPO opened for subscription on Oct 22, 2024 and closed on Oct 24, 2024. United Heat Transfer IPO is set price band at ₹56 to ₹59 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹236,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 25, 2024, and listed on the NSE on Oct 29, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Swastika Investmart Ltd are the Book Running Lead Manager for the issue.
Before investing in the United Heat Transfer IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 56 – 59
- Lot Size
- 2000
- Issue Size
- ₹30 Cr
- Minimum Investment
- ₹236000 (4000 Shares)
- Listing Date
- 29 October 2024
Current GMP
₹17 (+28.81%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About United Heat Transfer Limited
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.
United Heat Transfer IPO 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%
United Heat Transfer IPO Objective
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
Book Running Lead Managers
- Swastika Investmart Ltd
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 with a total issue size of ₹30 crore. The United Heat Transfer IPO price band is ₹56 to 59 per share. The United Heat Transfer IPO subscription opens on Tue, Oct 22, 2024, and closes on Thu, Oct 24, 2024. The United Heat Transfer IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the United Heat Transfer IPO.
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 per share.
United Heat Transfer IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
The minimum investment for United Heat Transfer IPO is ₹236000, based on one lot of 2000 shares at the upper price band of ₹59 per share.
Investors can apply for the United Heat Transfer IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 24, 2024. The application amount remains blocked until the United Heat Transfer IPO allotment is finalized.
United Heat Transfer IPO issue size is ₹30 crores.
United Heat Transfer IPO allotment date is Wed, Jul 1, 2026.
The registrar for United Heat Transfer IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check United Heat Transfer IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.