United Heat Transfer IPO Details: The United Heat Transfer IPO will open on October 22, 2024, and close on October 24, 2024. It is a Book Built Issue through which the company aims to raise approximately ₹30.00 crores, comprising a fresh issue of ₹30.00 crores along with an offer for sale (OFS) of [.] equity shares, each with a face value of ₹10.
The IPO price band is set between ₹56 and ₹59 per share. The allocation quota for retail investors is 35%, while 50% is reserved for QIBs, and 15% for HNIs. The listing is expected on the NSE on October 29, 2024, with allotment results scheduled for October 25, 2024.
In terms of financial performance, the company reported ₹64.10 crores in revenue for 2024, compared to ₹70.40 crores in 2023. Notably, its profit surged to ₹6.24 crores in 2024, up from ₹2.12 crores in 2023.
Given its financial trajectory, the IPO presents an opportunity for long-term investment.
Table of Contents
ToggleUnited Heat Transfer IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose.
United Heat Transfer IPO Review (Apply or Not)
- May Apply
United Heat Transfer IPO Date & Price Band Details:
IPO Open Date: | October 22, 2024 |
IPO Close Date: | October 24, 2024 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹56 to ₹59 Per Share |
Issue Size: | Approx ₹30.00 Crores |
Fresh Issue: | Approx ₹30.00 Crores |
Offer for Sale: | Approx [.] Equity Shares |
Issue Type: | Book Built Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
United Heat Transfer IPO Lot Size:
The minimum market lot for the United Heat Transfer IPO is 2,000 shares, requiring an application amount of ₹118,000.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 2,000 | ₹118,000 |
Retail Maximum | 1 | 2,000 | ₹118,000 |
S-HNI Minimum | 2 | 4,000 | ₹236,000 |
United Heat Transfer IPO Timeline:
The United Heat Transfer IPO will open on October 22, 2024, and close on October 24, 2024. The allotment will be finalized on October 25, 2024, with the listing scheduled for October 29, 2024.
IPO Open Date: | October 22, 2024 |
IPO Close Date: | October 24, 2024 |
Basis of Allotment: | October 25, 2024 |
Refunds: | October 28, 2024 |
Credit to Demat Account: | October 28, 2024 |
IPO Listing Date: | October 29, 2024 |
United Heat Transfer IPO GMP Today:
The latest GMP for the United Heat Transfer SME IPO stands at ₹14. With a price band cap of ₹59 per share, the estimated listing price is projected to be ₹73 (cap price + current GMP). This suggests a potential gain of 23.73% per share upon listing.
Promoters of United Heat Transfer IPO
The promoters of the company are Mr. Yogesh Vishwanath Patil, Mr. Vivek Vishwanath Patil, Mr. Shatanik Vivek Patil and Ms. Durva Yogesh Patil.
About United Heat Transfer IPO
United Heat Transfer Limited, founded on January 27, 1995, specializes in manufacturing heat exchangers, air-cooled heat exchangers, and pressure vessels used in critical equipment across various industries. Its products serve a wide range of applications, including petrol and diesel engines, cargo ships, ferries, pleasure boats, marine diesel engines, mining trucks, mega yachts, fishing boats, heavy trucks, freighters, and trawlers.
The company also ensures the availability of essential resources like labor, water, and power supply. Its timely deliveries, flexibility, and strong customer commitment have earned it a reputation for excellence.
In FY 2024, the company reported a total revenue of ₹6,019.31 lakhs, with ₹532.04 lakhs generated from exports and ₹5,487.27 lakhs from domestic operations.
The company is launching an IPO worth ₹30.00 crores, featuring a fresh issue of 50.84 lakh shares.
United Heat Transfer IPO Company Financial Report
The company reported revenue of ₹64.10 crores in 2024 against ₹70.40 crore in 2023. The company reported profit of ₹6.24 crores in 2024 against profit of ₹2.12 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹47.96 | ₹45.66 | ₹1.53 | ₹62.62 |
2023 | ₹70.40 | ₹67.58 | ₹2.12 | ₹64.82 |
2024 | ₹64.10 | ₹56.24 | ₹6.24 | ₹70.47 |
July 2024 | ₹21.20 | ₹18.01 | ₹2.43 | ₹72.30 |
United Heat Transfer IPO Valuation – FY2024
Check United Heat Transfer IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 30.62% |
ROCE: | 31.77% |
EBITDA Margin: | 16.60% |
PAT Margin: | 10.36% |
Debt to equity ratio: | 1.81 |
Earning Per Share (EPS): | ₹4.89 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 30.62% |
Net Asset Value (NAV): | ₹15.98 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Patel Airtemp India Limited | 26.86 | 25.87 | 10.33 | 260.91 | 14.74 Cr. |
The Anup Engineering Limited | 52.20 | 34.89 | 19.38 | 531.08 | 102.40 Cr. |
United Heat Transfer IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: merchantbanking@swastika.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Ltd
Company Address
United Heat Transfer Limited
Plot No F-131, MIDC Area
Ambad, Nashik-422010
Phone: +91 25323 82484
Email: company.secretary@unitedheat.net
Website: https://unitedheat.net/
United Heat Transfer IPO FAQs
What is the United Heat Transfer IPO?
The United Heat Transfer IPO is an SME IPO through which the company aims to raise ₹30.00 crores. The issue is priced between ₹56 and ₹59 per share. It will be listed on the NSE.
When will the United Heat Transfer IPO open for subscription?
The IPO will open for subscription on October 22, 2024, for QIB, NII, and Retail Investors and will close on October 24, 2024.
What is the investor allocation for the United Heat Transfer IPO?
The IPO allocates 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can I apply for the United Heat Transfer IPO?
You can apply through ASBA via your bank account or through UPI with the help of your stock broker. Alternatively, you can submit an offline application through your broker.
What is the issue size of the United Heat Transfer IPO?
The total issue size of the IPO is ₹30.00 crores.
What is the price band for the United Heat Transfer IPO?
The price band is set between ₹56 and ₹59 per share.
What is the lot size for the United Heat Transfer IPO?
The minimum bid is 2,000 shares, which requires an investment of ₹118,000.
When will the allotment for the United Heat Transfer IPO be finalized?
The allotment date is October 25, 2024.
When will the United Heat Transfer IPO be listed?
The IPO is scheduled to list on the NSE on October 29, 2024.