United Heat Transfer Limited IPO: Issue dates, price, and lot size

United Heat Transfer's SME IPO is an upcoming share market investment opportunity, offering a fresh issue of 50.84 lakh shares, raising ₹30.00 crores. The subscription window opens on 22nd October 2024 and closes on 24th October 2024, with the allotment date set for 25th October 2024. The shares are set to be listed on the NSE SME platform on 29th October 2024.

The IPO price band is set between ₹56 and ₹59 per share, with a minimum investment requirement of ₹1,18,000 for retail investors (2,000 shares). High-net-worth individuals must invest in at least two lots (4,000 shares), amounting to ₹2,36,000. Swastika Investmart Ltd leads the issue, with Link Intime India Pvt Ltd as the registrar.

United Heat Transfer IPO details

Let’s explore the specifics of the United Heat Transfer IPO, which offers a unique opportunity for SME IPO and IPO investment enthusiasts. This offering consists of a fresh issue of shares, aiming to capitalise on the market's appetite for innovative and forward-thinking enterprises. 

The IPO's pricing range is strategically set between ₹56 to ₹59 per share, reflecting the company's confidence in its value proposition and future growth trajectory. This IPO is not just about raising funds—it's a gateway to becoming part of a dynamic sector poised for significant expansion.

United Heat Transfer IPO timeline (Tentative schedule)

Mark your calendars for the pivotal dates in the United Heat Transfer SME IPO process. This schedule is crucial for investors focusing on the latest SME IPOs. The detailed timeline ensures that participants are well-prepared for each phase of the IPO, from subscription initiation to the final listing on the NSE SME platform. Stay informed to make timely decisions in this exciting investment opportunity.

About United Heat Transfer Limited

Founded in January 1995, United Heat Transfer Limited is a prominent manufacturer of critical equipment like heat exchangers, pressure vessels, and process flow skids. The company’s products serve a wide array of industries, powering petrol and diesel engines, maritime vessels, mining trucks, and heavy-duty machinery.

The firm boasts two manufacturing facilities in Nashik, outfitted with state-of-the-art technology and machinery designed to boost both productivity and efficiency.

As of July 31, 2024, United Heat Transfer Limited maintains a workforce of approximately 105 full-time employees and 127 contractual workers.

United Heat Transfer Limited financials (Restated)

The following table presents the restated financial information of United Heat Transfer Limited for the fiscal years ending March 31, 2023, and 2024. The data highlights key financial metrics such as assets, revenue, profit after tax, net worth, reserves and surplus, and total borrowing.

Key financial trends:

• Revenue: Decreased by 9% from ₹7,040.15 lakhs in FY2023 to ₹6,409.55 lakhs in FY2024.
• Profit After Tax (PAT): Increased by 195% from ₹211.54 lakhs in FY2023 to ₹623.85 lakhs in FY2024.

United Heat Transfer Limited’s Strengths

• The company benefits from a diversified customer base spread across multiple continents, which reduces dependence on any single market.
• It employs a knowledgeable and skilled workforce dedicated to the efficient production and timely delivery of high-quality products.
• Adherence to industry standards ensures the reliability and high quality of its offerings.
• Strategically located distribution channels and manufacturing sites improve customer accessibility and convenience, thereby enhancing the company's market reach and sales opportunities.

Should you invest in United Heat Transfer Limited IPO?

The United Heat Transfer Limited IPO presents a valuable investment opportunity for those looking to invest in upcoming IPOs. With its strong financial track record, global customer base, and strategically placed manufacturing units, this IPO has the potential for considerable returns. Keep an eye on the United Heat Transfer Limited IPO GMP as the listing date approaches to gauge market interest further.

Investors interested in the United Heat Transfer Limited IPO review should thoroughly evaluate the company's competitive strengths and financial performance before making any decisions. With the SME sector poised for growth, this IPO could be a key player in the market’s expansion.

FAQs

1. What are the key dates for the United Heat Transfer Limited IPO?

The IPO is set to open on October 22, 2024, and close on October 24, 2024. Share allotment is scheduled for October 25, 2024, and shares are expected to be credited to Demat accounts on October 28, 2024. The IPO will be listed on the NSE SME platform on October 29, 2024.

2. What is the price range for the United Heat Transfer Limited IPO?

The IPO price range is set between ₹56 to ₹59 per share. This pricing aims to attract both retail and high-net-worth individual (HNI) investors, reflecting the company’s robust valuation and growth potential.

3. How can investors apply for the United Heat Transfer Limited IPO?

Investors can apply for the IPO through their brokerage platforms by filling out an application form and selecting their desired lot size. The minimum lot size is set at 2000 shares, requiring a minimum investment of ₹118,000 for retail investors and ₹236,000 for HNIs for two lots.

4. What are the competitive strengths of United Heat Transfer Limited?

United Heat Transfer Limited boasts several competitive strengths, including a diversified customer base across multiple continents, reducing market dependency. The company also has skilled employees focused on efficient production and high-quality delivery, compliance with industry standards for reliability, and strategically located manufacturing and distribution facilities, enhancing market reach and customer service.