United Heat Transfer IPO 2024 Date, Price, GMP, Review, Details

The United Heat Transfer Limited IPO is set to open for subscription from October 22, 2024, and will close on October 24, 2024. This book-built issue aims to raise ₹30.00 crores by offering a total of 50.84 lakh shares. Investors are keenly awaiting the allotment, which is scheduled for October 25, 2024, with the listing expected on the NSE SME on October 29, 2024. The price band for the IPO has been set between ₹56 to ₹59 per share, making it an attractive opportunity for various investor categories.

United Heat Transfer IPO 2024

With the IPO’s minimum lot size set at 2,000 shares, retail investors are required to invest a minimum of ₹118,000. High Net Worth Individuals (HNIs) must apply for a minimum of 4,000 shares, amounting to ₹236,000. The lead manager for this IPO is Swastika Investmart Ltd, and the registrar for the issue is Link Intime India Private Ltd. This overview aims to provide detailed insights into the offering, including financials, investor categories, and the overall subscription status.

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United Heat Transfer IPO Overview

Attribute
Information
IPO Dates
October 22, 2024 – October 24, 2024
Issue Size
₹30.00 crores
Shares Offered
5,084,000 shares
Price Band
₹56 to ₹59 per share

United Heat Transfer IPO Key Dates

Event
Date
IPO Open Date
October 22, 2024
IPO Close Date
October 24, 2024
Allotment Date
October 25, 2024
Listing Date
October 29, 2024

United Heat Transfer IPO Lot Size

Category
Lots
Shares
Amount (₹)
Retail (Min)
1
2000
118,000
HNI (Min)
2
4000
236,000

United Heat Transfer IPO Subscription Details

Category
Subscription Status (times)
QIB
2.61
NII
7.84
Retail
13.72
Total
9.27

United Heat Transfer IPO Financials

Financial Year
Revenue (₹ lakhs)
Profit After Tax (₹ lakhs)
FY 2022
4,796.11
152.67
FY 2023
7,040.15
211.54
FY 2024
6,409.55
623.85

United Heat Transfer IPO Use of Proceeds

Purpose
Allocation (₹ crores)
Repayment of Debt
TBD
Working Capital
TBD
General Corporate Purpose
TBD

United Heat Transfer IPO Anchor Investors

Bid Date
Shares Offered
Anchor Portion Size (₹ crores)
October 21, 2024
1,434,000
8.46

United Heat Transfer IPO Pre and Post Issue Holdings

Shareholding Status
Pre Issue (%)
Post Issue (%)
Promoter Holdings
91.59
67.09

Market Capitalization

Market Capitalization
Value (₹ crores)
Pre IPO
112.12
Post IPO
TBD

Key Performance Indicators

KPI
Value
ROE
8.46%
ROCE
10.79%
PAT Margin
11.44%

Contact Information

Contact Detail
Information
Company Name
United Heat Transfer Limited
Address
Plot No F-131, MIDC Area Ambad, Nashik-422010
Phone
+91 25323 82484

United Heat Transfer IPO Registrar Information

Registrar Name
Link Intime India Private Ltd
Phone
+91-22-4918 6270
Email

United Heat Transfer IPO Recommendation Summary

Review By
Recommendation
Brokers
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Members
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United Heat Transfer IPO Review

Review Summary
Information
Analyst
Dilip Davda
Conclusion
The issue appears fully priced based on earnings.

United Heat Transfer IPO Summary

The United Heat Transfer IPO presents a compelling investment opportunity with a well-defined price band and a solid business foundation. With significant subscription interest, particularly from retail investors, the issue is likely to attract considerable attention upon listing. Investors are advised to assess the company’s financials and market position before making their investment decisions.

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