United Heat Transfers Limited manufactures 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.
United Heat Transfer IPO – Details
| IPO Opening Date | 22 October 2024 |
| IPO Closing Date | 24 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 50,84,000 Shares Worth ₹30.00 Crore Fresh Issue: 50,84,000 Shares Worth ₹30.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 – ₹59 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
United Heat Transfer IPO – Date Schedule
| IPO Open Date | 22 October 2024 |
| IPO Close Date | 24 October 2024 |
| Basis of Allotment | 25 October 2024 |
| Initiation of Refund | 28 October 2024 |
| Credit of Shares to Demat Account | 28 October 2024 |
| IPO Listing Date | 29 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 24, 2024 |
United Heat Transfer IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| HNI (Min) | 2 | 4000 | ₹2,36,000 |
Competitive Strengths
- Well Experienced Management Team;
- Integrated Manufacturing Facilities;
- Vendor Registrations;
- Long Standing Relation with Customers;
- Strategic Location of Unit.
Company Promoters
- Mr. Yogesh Vishwanath Patil
- Mr. Vivek Vishwanath Patil
- Mr. Shatanik Vivek Patil
- Ms. Durva Yogesh Patil
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 47.96 | 45.66 | 1.52 | 37.61 |
| 31 March 2023 | 70.40 | 67.57 | 2.11 | 32.95 |
| 31 March 2024 | 64.09 | 56.23 | 6.23 | 36.92 |
| 31 July 2024 | 21.20 | 18.01 | 2.42 | 32.02 |
Key Performance Indicator
| 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 |
Object Of The Issue
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose.
United Heat Transfer IPO Promoter Holding
| Pre Issue Share Holding | 91.59% |
| Post Issue Share Holding | 67.09% |
United Heat Transfer IPO Prospectus
Company Contact Information
| 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 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 |
United Heat Transfer IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
United Heat Transfer IPO FAQs
| What is United Heat Transfer IPO? United Heat Transfer IPO is an SME IPO. The issue is priced at ₹56 and ₹59 per equity share. The IPO is to be listed on NSE SME. |
| When United Heat Transfer IPO will open? The IPO is to open on 22 October 2024 for QIB, NII, and Retail Investors. |
| What is United Heat Transfer IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the United Heat Transfer IPO? You can apply United Heat Transfer IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the United Heat Transfer IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “United Heat Transfer IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the United Heat Transfer IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “United Heat Transfer IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the United Heat Transfer IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “United Heat Transfer IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the United Heat Transfer IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “United Heat Transfer IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is United Heat Transfer IPO Size? United Heat Transfer IPO size is ₹30.00 Crore. |
| What is United Heat Transfer IPO Price Band? United Heat Transfer IPO Price Band is ₹56 – ₹59. |
| What is United Heat Transfer IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,18,000 amount while the maximum bid is 2000 Shares with ₹1,18,000. |
| What is the United Heat Transfer IPO Allotment Date? United Heat Transfer IPO allotment date is 25 October 2024. |
| What is the United Heat Transfer IPO Listing Date? United Heat Transfer IPO listing date is 29 October 2024. The IPO is to be listed on NSE SME. |
