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United Heat Transfer IPO is a book built issue of Rs 30.00 crores. The issue is entirely a fresh issue of 50.84 lakh shares.
United Heat Transfer IPO opens for subscription on October 22, 2024 and closes on October 24, 2024. The allotment for the United Heat Transfer IPO is expected to be finalized on Friday, October 25, 2024. United Heat Transfer IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 29, 2024.
United Heat Transfer IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.
Swastika Investmart Ltd is the book running lead manager of the United Heat Transfer IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for United Heat Transfer IPO is Swastika Investmart.
Refer to United Heat Transfer IPO RHP for detailed information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,084,000 shares (aggregating up to ₹30.00 Cr) |
| Fresh Issue | 5,084,000 shares (aggregating up to ₹30.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,920,000 |
| Share holding post issue | 19,004,000 |
| Market Maker portion | 256,000 shares Swastika Investmart |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
United Heat Transfer IPO raises Rs 14.21 crore from anchor investors. United Heat Transfer IPO Anchor bid date is October 21, 2024.
| Bid Date | October 21, 2024 |
| Shares Offered | 2,408,000 |
| Anchor Portion Size (In Cr.) | 14.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 23, 2025 |
United Heat Transfer IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | Tuesday, October 22, 2024 |
| IPO Close Date | Thursday, October 24, 2024 |
| Basis of Allotment | Friday, October 25, 2024 |
| Initiation of Refunds | Monday, October 28, 2024 |
| Credit of Shares to Demat | Monday, October 28, 2024 |
| Listing Date | Tuesday, October 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 24, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Yogesh Vishwanath Patil, Mr. Vivek Vishwanath Patil, Mr. Shatanik Vivek Patil and Ms. Durva Yogesh Patil.
| Share Holding Pre Issue | 91.59% |
| Share Holding Post Issue | 67.09% |
Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids. The company's products are used in petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery, among other applications.
The company operates two manufacturing units in Nashik, equipped with modern infrastructure, including advanced technology and machinery that 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.
Competitive Strength
United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 7,230.03 | 7,046.67 | 6,481.52 | 6,262.36 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,120.01 | 6,409.55 | 7,040.15 | 4,796.11 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 242.53 | 623.85 | 211.54 | 152.67 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,865.24 | 2,037.71 | 1,413.86 | 1,202.32 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,473.24 | 762.71 | 988.86 | 777.32 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,202.13 | 3,692.18 | 3,295.18 | 3,761.47 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of United Heat Transfer IPO is Rs 112.12 Cr.
KPI as of July 31, 2024.
| KPI | Values |
|---|---|
| ROE | 8.46% |
| ROCE | 10.79% |
| Debt/Equity | 1.12 |
| RoNW | 8.46% |
| P/BV | 3.69 |
| PAT Margin (%) | 11.44 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.48 | 3.83 |
| P/E (x) | 13.16 | 15.41 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
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/
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
SME Company Owners
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Check our SME IPO Guide 
United Heat Transfer IPO is a SME IPO of 5,084,000 equity shares of the face value of ₹10 aggregating up to ₹30.00 Crores. The issue is priced at ₹56 to ₹59 per share. The minimum order quantity is 2000 Shares.
The IPO opens on October 22, 2024, and closes on October 24, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in United Heat Transfer IPO using UPI as a payment gateway. Zerodha customers can apply in United Heat Transfer IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in United Heat Transfer IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The United Heat Transfer IPO opens on October 22, 2024 and closes on October 24, 2024.
United Heat Transfer IPO lot size is 2000 Shares, and the minimum amount required is ₹118,000.
You can apply in United Heat Transfer IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for United Heat Transfer IPO will be done on Friday, October 25, 2024, and the allotted shares will be credited to your demat account by Monday, October 28, 2024. Check the United Heat Transfer IPO allotment status.
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