United Heat Transfer Limited IPO
NSE SMEListed On: Oct 29, 2024 at ₹ 60.95
₹ 236000 /4000 Shares
*Min Investment
22 Oct, 2024
Open Date24 Oct, 2024
Close Date25 Oct, 2024
Allotment Date29 Oct, 2024
Listing DateUnited Heat Transfer IPO Issue Details
- Issue Price ₹56-59 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 50,84,000 shares(aggregating up to ₹30 crore)
- Fresh Share 50,84,000 shares(aggregating up to ₹30 crore)
- Listing at NSE SME
- List Price 60.95
- Listing Date 2024-10-29
- Lead Manager Swastika Investmart Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,18,000 |
| Retail(max) | 1 | 2000 | ₹1,18,000 |
| NII (min) | 2 | 4,000 | ₹2,36,000 |
United Heat Transfer IPO Reservation
United Heat Transfer IPO offers total 5,084,000 shares. Out of which 974,000 (19.16%) allocated to QIB, 728,000 (14.32%) allocated to NII,1,692,000 (33.28%) allocated to RII, NA (NA%) allocated to employees and 1,434,000 (28.21%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,434,000 (28.21%) | |
| Market Maker Shares Offered | 256,000 (5.04%) | |
| QIB Shares Offered | 974,000 (19.16%) | |
| NII (HNI) Shares Offered | 728,000 (14.32%) | |
| Retail Shares Offered | 1,692,000 (33.28%) | |
| Total Shares Offered | 5,084,000 (100%) |
United Heat Transfer IPO Details
United Heat Transfer Limited IPO is an SME IPO, priced at ₹56-59 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 50,84,000 equity shares, aggregating up to ₹30 crores..
The IPO bidding window is open from Oct 22, 2024 to Oct 24, 2024. The allotment is expected to be finalized on Oct 25, 2024, and the tentative listing date is Oct 29, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,18,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,36,000.
Swastika Investmart Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Swastika Investmart Ltd will act as the market maker for this issue.
United Heat Transfer IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 974,000 / 728,000 | 1,692,000 | 3,394,000 |
Day 1 22-10-24 06:00 PM | 1.74 / 4.25 x | 2.52 x | 2.67 x |
Day 2 23-10-24 06:00 PM | 2.61 / 7.84 x | 13.72 x | 9.27 x |
Day 3 24-10-24 06:00 PM | 26.56 / 125.07 x | 98.93 x | 83.77 x |
United Heat Transfer Valuations
United Heat Transfer Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 7,046.67 | 6,481.52 | 6,262.36 |
| Revenue | 6,409.55 | 7,040.15 | 4,796.11 |
| Profit After Tax | 623.85 | 211.54 | 152.67 |
| Net Worth | 2,037.71 | 1,413.86 | 1,202.32 |
| Reserves & Surplus | 762.71 | 988.86 | 777.32 |
| Total Borrowing | 3,692.18 | 3,295.18 | 3,761.47 |
About United Heat Transfer Company
United Heat Transfers Limited is incorporated in January 1995, which produces all the critical equipment in the form of heat exchangers, pressure vessels, and process flow skids. Its products are applied in petrol and diesel engines, maritime vessels, mining trucks, heavy machinery, etc.
The company has two manufacturing units located at Nashik. It has well-developed infrastructure, equipped with modern technology and machineries to enhance productivity and efficiency.
As of July 31, 2024, the Company employs approximately 105 employees at various levels on its payroll, and 127 employees on a contractual basis.
United Heat Transfer - Promoter(s)
Mr. Yogesh Vishwanath Patil
Mr. Vivek Vishwanath Patil
Mr. Shatanik Vivek Patil
Ms. Durva Yogesh Patil
Pre Issue Share Holding : 91.59%
Post Issue Share Holding : 67.09%
United Heat Transfer IPO - Issue Objectives
Repayment of Debt
To Meet Incremental Working Capital Requirements
General Corporate Purpose.
United Heat Transfer IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| United Heat Transfer Limited | 4.89 | 4.89 | 15.98 | 30.62 | N/A | 3.93 | Restated |
| Patel Airtemp India Limited | 26.86 | 26.86 | 260.91 | 25.87 | 10.33 | 2.67 | Published |
| The Anup Engineering Ltd | 52.2 | 52.85 | 531.08 | 34.89 | 19.38 | 3.43 | Published |
Notes:
- The EPS, NAV, RoNW, and total income of our Company are taken as per the Restated Financial Statement for the Financial Year 2023-24.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2024.
- RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed in the manner specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details
United Heat Transfer
Plot No F-131, MIDC Area, Ambad, Nashik-422010
+91 25323 82484
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
United Heat Transfer IPO - FAQs
Ans. United Heat Transfer Limited IPO is a SME IPO. The issue is priced at ₹56-59 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Oct 22, 2024, and closes on Oct 24, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The United Heat Transfer Limited IPO opens on Oct 22, 2024 and closes on Oct 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of United Heat Transfer Limited IPO is 5,084,000 shares(aggregating up to ₹30.00 Cr).
Ans. The United Heat Transfer Limited IPO price band is set between ₹56-59 per equity share.
Ans. To apply for United Heat Transfer Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find United Heat Transfer Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of United Heat Transfer Limited IPO is Oct 25, 2024.
Ans. The United Heat Transfer Limited IPO will be listed on Oct 29, 2024.
Ans. Follow the steps to check the United Heat Transfer Limited IPO allotment status online.
