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United Heat Transfer IPO

  • Status: Closed
  • RHP:
  • ₹ 112,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    29 Oct 2024

  • Listing Price

    ₹ 60.95

  • Listing Change

    3.31%

  • Last Traded Price

    ₹ 78.35

IPO Details

  • Open Date

    22 Oct 2024

  • Close Date

    24 Oct 2024

  • IPO Price Range

    ₹ 56 - ₹ 59

  • IPO Size

    ₹ 30.00 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    29 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

United Heat Transfer IPO Subscription Status

Last Updated: 24 October 2024 6:39 PM by 5Paisa

United Heat Transfer IPO is set to open on 22 October 2024 and will close on 24 October 2024. United Heat Transfers produces key industrial equipment like heat exchangers, pressure vessels and process flow skids.

The IPO includes a fresh issue of 50.84 lakh shares aggregating ₹30.00 Cr and does not include OFS. The price range is set between ₹56 - ₹59 per share and the lot size is 2000 shares. 

The allotment is scheduled to be finalized on 25 October 2024. It will go public on NSE SME, with a tentative listing date of 29 October 2024.

Swastika Investmart Ltd is the book running lead manager while Link Intime India Private Ltd is the registrar.
 

United Heat Transfer IPO Size

Types Size
Total IPO Size ₹30.00 Cr
Offer For Sale -
Fresh Issue ₹30.00 Cr

 

United Heat Transfer IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹118,000
Retail (Max) 1 2000 ₹118,000
HNI (Min) 2 4,000 ₹236,000

 

United Heat IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 26.56 9,74,000 2,58,72,000 152.64
NII (HNI) 124.72 7,28,000 9,07,98,000 535.71
Retail 98.93 16,92,000 16,73,96,000 987.64
Total 83.70 33,94,000 28,40,66,000 1,675.99

 

United Heat IPO Anchor Allocation

Anchor Bid Date 21 October, 2024
Shares Offered 1,434,000
Anchor portion Size (In ₹ Cr.) 8.46
Anchor lock-in period end date for 50% shares (30 Days) 24 November, 2024
Anchor lock-in period end date for remaining shares (90 Days) 23 January, 2024

 

1. Repayment of Debt.
2. For general corporate needs.
3. To meet working capital requirements.
 

United Heat Transfers established in January 1995, specializes in manufacturing critical equipment such as heat exchangers, pressure vessels and process flow skids. These products are widely used in various applications including petrol and diesel engines, maritime vessels, mining trucks and heavy machinery.

The company runs two modern manufacturing units in Nashik, featuring advanced technology and machinery that help improve productivity and efficiency.

As of 31 July 2024, United Heat Transfers has around 105 employees on its payroll, along with 127 contract workers supporting its operations.

Peers

Patel Airtemp India Limited
The Anup Engineering Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 64 70.40 47.96
EBITDA 9.99  7.77  6.15
PAT 6.24 2.12 1.53
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 70.47 64.82 62.62
Share Capital 12.75  4.25  4.25 
Total Borrowings 36.92 32.95 37.61
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 3.29  7.64  2.41
Net Cash Generated From / (used in) investing activities -1.77  -2.76  -5.13
Net Cash Generated From / (used in) financing activities -2  -5.20  3.64
Net Increase (Decrease) In Cash And Cash Equivalents -0.57  -0.32 0.92


Strengths

1. The company benefits from a highly experienced team of managers, which can lead to better strategic decisions and effective operational management.

2. Having integrated manufacturing facilities allows for greater control over production processes, leading to improved efficiency, quality assurance and reduced lead times.

3. Established relationships with customers foster loyalty and repeat business, providing a stable revenue stream and potential for long term contracts.
 

Risks

1. Long standing relationships can also lead to over dependence on a few key customers, making the company vulnerable if those customers reduce orders or switch suppliers.

2. The company may face risks related to fluctuations in demand for its products due to economic conditions, industry trends or changes in customer preferences.

3. Integrated facilities require ongoing investment in technology and maintenance. Any operational disruptions or machinery breakdowns can affect production timelines and costs.
 

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FAQs

United Heat Transfer IPO opens from 22 October to 24 October 2024.

The size of the United Heat Transfer IPO is ₹30.00 Cr.
 

The price of the United Heat Transfer IPO is fixed at ₹56 - ₹59 per share. 

To apply for United Heat Transfer IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for United Heat Transfer IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of United Heat Transfer IPO is 2000 shares and the investment required is ₹1,12,000.

The share allotment date of United Heat Transfer IPO is 25 October 2024.

United Heat Transfer IPO will be listed on 29 October 2024.

Swastika Investmart Ltd is the book running lead manager for United Heat Transfer IPO.
 

United Heat Transfer plans to utilize the raised capital from the IPO for:

1. Repayment of Debt.
2. For general corporate needs.
3. To meet working capital requirements.