Pressure vessels, process flow skid equipment, air-cooled heat exchangers, shell and tube heat exchangers, and other types of heat transfer equipment are among the products that United Heat Transfer specialises in making. These parts are essential for a wide range of applications, including railroads, ships, marine engines, and petrol and diesel engines. They are also employed in many other industries, such as transportation, power generation, and mining.
The IPO for United Heat Transfer is scheduled to begin on October 22, 2024, and it will be priced between ₹56 and ₹59 per share. With the sale of these new shares, which total about 50.84 lakh, the corporation hopes to raise about 30 crores. Follow us for the most recent GMP, subscription status, and allocation status links for all closed and forthcoming initial public offerings. Check out TheIPO.in, where we frequently offer performance measures for effortless monitoring and contrast.
United Heat Transfer IPO Details
| Particulars | Details |
|---|---|
| IPO Issue Opening Date | 22nd Oct 2024 |
| IPO Issue Closing Date | 24th Oct 2024 |
| SME IPO Issue Price | ₹56.00-59.00 Per Share |
| DRHP | Available |
| RHP | Available |
| IPO Listing At | NSE SME |
| IPO Issue Type | Book Build Issue |
| IPO Issue Size | ₹30.00 Cr |
| Fresh Issue | ₹30.00 Cr |
| Face Value | ₹10 Per Equity Share |
| IPO Discount | TBD |
| Promoter Holding Pre IPO | 91.59% |
| Promoter Holding Post IPO | 67.09% |
United Heat IPO Key Points
Vehicles like megayachts, heavy engines, fishing boats, heavy trucks, freighters, and trawlers employ the company’s products.
They provide services to off-highway engines, supertankers, and the cruise and cargo marine industries.
United Heat Transfer manufactures process flow skids, pressure vessels, moisture separators, heat exchangers, and vessels for both domestic and international OEMs.
In its manufacturing process, the company adheres to international standards such as TEMA, ASME Section VIII Div. 1 & 2, API 660, 661, and NES.
It guarantees top-notch output by running two cutting-edge plants in Nashik.
As of March 2024, the organisation employs roughly 102 people at various levels.
United Heat Transfer IPO Timeline
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date | 25th Oct 2024 |
| Refunds Initiation | 28th Oct 2024 |
| Credit of Shares to Demat | 28th Oct 2024 |
| IPO Listing Date | 29th Oct 2024 |
United Heat Transfer IPO Lots
| IPO Activity | Details |
|---|---|
| Market Lot | 2000 Shares |
| 1 Lot Amount | ₹118000 |
| Min HNI Lots | 4000 Shares (2 Lots) – ₹236000 |
IPO Review
An in-depth examination of the possible investment opportunity offered by the company’s first public offering is provided by the United Heat Transfer Ltd. IPO analysis. The company’s challenges are covered in this study.
- Market Volatility: A reduced membership rate could result from investors being reluctant to make investments if the stock market is erratic.
- Competitive Industry: The business works in a competitive industry, which may cause long-term profitability and market share issues.
- Regulatory Obstacles: The IPO process may be hampered or delayed by stringent compliance requirements.
- Financial Performance: Investor confidence may be lowered by unsatisfactory financials, such as poor profit margins or erratic revenue growth.
- IPO Pricing: Investors may avoid an overpriced IPO out of concern for meagre returns.
- Economic Factors: More general economic issues such as interest rate fluctuations or inflation can also affect investor mood.
