The United Heat Transfer IPO is structured as a book-built issue, amounting to ₹30.00 crores, comprising a fresh issue of 50.84 lakh shares.
The IPO will open for subscription from October 22, 2024, to October 24, 2024, with the allotment expected to be finalized on Friday, October 25, 2024. The tentative listing date on the NSE SME is set for Tuesday, October 29, 2024.
The price band for the United Heat Transfer IPO is determined to be between ₹56 and ₹59 per share. The minimum application lot size is 2,000 shares, requiring a minimum investment of ₹118,000 for retail investors. For high-net-worth individuals (HNIs), the minimum investment is set at two lots, totaling 4,000 shares, amounting to ₹236,000.
Read United Heat Transfer IPO RHP for detailed information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | October 29, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 56 to ₹ 59 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹30.00 Cr |
| Fresh Issue | ₹30.00 Cr |
| Offer for Sale | |
| Employee Discount | |
| 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 IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | October 22, 2024 |
| IPO Close Date | October 24, 2024 |
| Basis of Allotment | October 25, 2024 |
| Initiation of Refunds | October 28, 2024 |
| Credit of Shares to Demat | October 28, 2024 |
| Listing Date | October 29, 2024 |
| Cut-off time for UPI mandate confirmation | October 24, 2024 |
A minimum bid of 2,000 shares, and in multiples thereof, is permitted for investors. The table below illustrates the minimum and maximum investment amounts for retail investors and high-net-worth individuals (HNIs) in terms of the number of shares and the corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.118,000 |
| Retail (Max) | 1 | 2,000 | Rs.118,000 |
| S-HNI (Min) | 2 | 4,000 | Rs.236,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 91.59% |
| Share Holding Post Issue | 67.09% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
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| Market Maker Shares Offered | |
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| Other Shares Offered | |
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| QIB Shares Offered | QIB Shares Offered |
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| NII (HNI) Shares Offered | NII (HNI) Shares Offered |
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| bNII > ₹10L | |
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| sNII < ₹10L | |
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| Retail Shares Offered | Retail Shares Offered |
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| Employee Shares Offered | |
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| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
United Heat Transfers Limited, incorporated in January 1995, is engaged in the manufacturing of essential equipment, including heat exchangers, pressure vessels, and process flow skids. These products find applications in petrol and diesel engines, maritime vessels, mining trucks, heavy machinery, and other uses.
The company operates two manufacturing facilities located in Nashik, featuring modern infrastructure with advanced technology and machinery designed to enhance productivity and efficiency.
As of July 31, 2024, the company has approximately 105 employees on its payroll across various levels, along with 127 employees working on a contractual basis.
Competitive strengths include:
| 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) | ||
| P/E (x) |
The proceeds from the fresh issue are intended to be utilized for the following purposes:
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/ |
Phone: +91-22-4918 6270 Email: merchantbanking@swastika.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
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