United Heat Transfer IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 22 Oct 2024
Close Date
Thu, 24 Oct 2024
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹ 30.00 Cr
Minimum Investment
₹ 236,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
United Heat Transfer IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹30.00 Crore, comprising a fresh issue of 50.84 Lakh equity shares aggregating to ₹30.00 Crore.
The United Heat Transfer IPO remained open for subscription from October 22, 2024, to October 24, 2024. The basis of allotment was finalized on October 25, 2024, and the company's shares were listed on NSE SME Platform on October 29, 2024.
The company had fixed the price band at ₹56 to ₹59 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹236,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Swastika Investmart Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, United Heat Transfer Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
United Heat Transfer IPO Timeline (Tentative)
- IPO Open Date
- Tue, 22 Oct 24
- IPO Close Date
- Thu, 24 Oct 24
- Basis of Allotment
- Fri, 25 Oct 24
- Initiation of Refunds
- Mon, 28 Oct 24
- Credit of Shares to Demat
- Mon, 28 Oct 24
- Listing Date
- Tue, 29 Oct 24 — NSE & BSE
Open Date
22 October 2024
Close Date
24 October 2024
Basis Of Allotment
25 October 2024
Listing Date
29 October 2024
IPO Subscription
Check Live Subscription →The United Heat Transfer IPO has received bids for 28,43,22,000 shares against 33,94,000 shares offered, resulting in an overall subscription of 83.77x. the NII category is subscribed 125.07x, Retail Investors 98.93x, and QIBs 26.56x.
QIB
26.56x
NII
125.07x
RII
98.93x
Total
83.77x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,92,000 shares, representing 33.28% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,74,000 shares (19.16%), while Non-Institutional Investors (NIIs) receive 7,28,000 shares (14.32%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,434,000 | 28.21% |
| Market Maker | 256,000 | 5.04% |
| Qualified Institutions | 974,000 | 19.16% |
| Non-Institutional | 728,000 | 14.32% |
| Retail Investors | 1,692,000 | 33.28% |
| Total | 5,084,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
United Heat Transfer Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
United Heat Transfer Limited Address / Contact Details
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
United Heat Transfer IPO Lot Size
The United Heat Transfer IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,18,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,18,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.21%
- Market Maker — 5.04%
- QIB — 19.16%
- NII — 14.32%
- RII — 33.28%
Book Running Lead Managers
- Swastika Investmart Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the United Heat Transfer 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.
When will the United Heat Transfer IPO open for subscription?
The United Heat Transfer IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024
What is United Heat Transfer IPO Price Band?
United Heat Transfer IPO Price Band is ₹56 to 59 per share.
What is United Heat Transfer IPO Lot Size?
United Heat Transfer IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
What is the minimum investment for United Heat Transfer IPO?
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.
How to apply for United Heat Transfer IPO?
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.
What is United Heat Transfer IPO Issue Size?
United Heat Transfer IPO issue size is ₹30 crores.
What is the United Heat Transfer IPO Allotment Date?
United Heat Transfer IPO allotment date is Fri, Oct 25, 2024.
Who is the United Heat Transfer IPO Registrar?
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.
What is the United Heat Transfer IPO GMP?
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 28.81% over the issue price.
Who is the United Heat Transfer IPO Lead Manager?
The book-running lead managers (BRLMs) for the United Heat Transfer IPO are Swastika Investmart Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the United Heat Transfer IPO Red Herring Prospectus (RHP).