United Heat Transfer Limited IPO Overview
United Heat Transfer Limited IPO Important dates
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 |
United Heat Transfer Limited Financial Performance
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.
| Financial Metrics | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 72.30 crore | 70.47 crore | 64.82 crore | 62.62 crore |
| Revenue (₹ Crore) | 21.20 crore | 64.10 crore | 70.40 crore | 47.96 crore |
| Profit After Tax (₹ Crore) | 2.43 crore | 6.24 crore | 2.12 crore | 1.53 crore |
| Net Worth (₹ Crore) | 28.65 crore | 20.38 crore | 14.14 crore | 12.02 crore |
| Reserves and Surplus (₹ Crore) | 14.73 crore | 7.63 crore | 9.89 crore | 7.77 crore |
| Total Borrowing (₹ Crore) | 32.02 crore | 36.92 crore | 32.95 crore | 37.61 crore |
United Heat Transfer Limited IPO Key Performance Indicator
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 |
United Heat Transfer Limited 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 Limited IPO Lot Size
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 |
United Heat Transfer Limited IPO Details
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | [October 29, 2024] |
| 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 |
United Heat Transfer Limited Company Overview and Services
Company Overview
Founded in January 1995, United Heat Transfers Limited specializes in manufacturing critical equipment, including heat exchangers, pressure vessels, and process flow skids. These products find applications in various sectors, such as petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery.
Manufacturing Excellence
United Heat Transfers operates two state-of-the-art manufacturing facilities in Nashik, featuring cutting-edge technology and machinery that significantly enhance productivity and operational efficiency. As of July 31, 2024, the company employs approximately 105 full-time staff members and 127 contractual workers, reflecting its commitment to workforce diversity and operational excellence.
Competitive Advantages
- Global Reach: A diverse customer base across multiple continents strengthens the company’s international presence, reducing dependency on any single market.
- Expert Workforce: United Heat Transfers boasts a knowledgeable and skilled team dedicated to ensuring efficient production and timely delivery of high-quality products.
- Quality Assurance: The company adheres to stringent industry standards, guaranteeing reliability and excellence for its customers.
- Strategic Distribution: With well-established distribution channels and a prime location, United Heat Transfers enhances customer convenience and accessibility, boosting its market reach and sales potential.
United Heat Transfer Limited IPO SWOT Analysis
Strengths:
- Established Market Presence: United Heat Transfer has a solid reputation in the heat transfer equipment industry, which adds credibility to its IPO.
- Fresh Issue of Shares: The IPO is entirely a fresh issue, meaning the funds raised will be directed towards company growth and expansion initiatives.
- Competitive Pricing: The price band of ₹56 to ₹59 per share is considered attractive, potentially appealing to a wide range of investors.
Weaknesses:
- High Minimum Investment: The minimum retail investment of ₹118,000 may deter smaller investors, limiting participation in the IPO.
- Dependence on Economic Cycles: The company’s performance is susceptible to economic fluctuations, particularly in sectors reliant on heat transfer solutions.
Opportunities:
- Growing Demand for Heat Transfer Solutions: Increasing industrialization and the shift towards energy-efficient technologies present significant growth opportunities for the company.
- Expansion Plans: The funds raised can be used to enhance manufacturing capabilities, expand product lines, and enter new markets, leading to increased revenue streams.
Threats:
- Intense Competition: The heat transfer industry is highly competitive, with established players and new entrants vying for market share, which could impact pricing and profit margins.
- Regulatory Changes: Changes in government policies or environmental regulations can affect operational costs and market dynamics, posing risks to the business.
United Heat Transfer Limited IPO GMP Details
United Heat Transfer SME IPO last GMP is ₹31, last updated Oct 24th 2024. With the price band of 59.00, United Heat Transfer SME IPO’s estimated listing price is ₹90 (cap price + today’s GMP).The expected percentage gain/loss per share is 52.54%.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 24-10-2024 Close | 59.00 | ₹31  |
47100 | ₹90 (52.54%) | 24-Oct-2024 |
| 23-10-2024 | 59.00 | ₹31  |
47100 | ₹90 (52.54%) | 23-Oct-2024 |
| 22-10-2024 Open | 59.00 | ₹14 |
21300 | ₹73 (23.73%) | 22-Oct-2024 |
| 21-10-2024 | 59.00 | ₹10 |
15200 | ₹69 (16.95%) | 21-Oct-2024 |
| 20-10-2024 | 59.00 | ₹7 |
10600 | ₹66 (11.86%) | 20-Oct-2024 |
| 19-10-2024 | 59.00 | ₹7 |
10600 | ₹66 (11.86%) | 19-Oct-2024 |
| 18-10-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 18-Oct-2024 |
United Heat Transfer Limited IPO subscription status
United Heat Transfer IPO subscribed 9.27 times. The public issue subscribed 13.72 times in the retail category, 2.61 times in QIB, and 7.84 times in the NII category by October 23, 2024 (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 2.61 | 974,000 | 25,42,000 | 15.00 |
| Non-Institutional Buyers* | 7.84 | 728,000 | 57,08,000 | 33.68 |
| Retail Investors | 13.72 | 1,692,000 | 2,32,18,000 | 136.99 |
| Employees | [.] | 0 | 0 | 0 |
| Others | [.] | 0 | 0 | 0 |
| Total * | 9.27 | 3,394,000 | 3,14,68,000 | 185.66 |
Total Application : 11,609 (13.72 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 256,000 equity shares not included.
United Heat Transfer IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 October 22, 2024 |
1.74 | 4.25 | 2.52 | 2.67 |
| Day 2 October 23, 2024 |
2.61 | 7.84 | 13.72 | 9.27 |
United Heat Transfer Limited IPO Allotment status
The allotment status of United Heat Transfer IPO is expected to be available on October 25, 2024.
United Heat Transfer IPO allotment status is not available at this time. United Heat Transfer IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for United Heat Transfer Limited IPO allotment status.
To check United Heat Transfer IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to merchantbanking@swastika.co.in.
United Heat Transfer Limited Contact Details
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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