United Heat Transfer Limited IPO is open for subscription from 22 October 2024 until 24 October 2024. United Heat Transfer Ltd., following a book-building IPO, is looking to raise ₹ 30 crore from a fresh issue of 50.84 lakh equity shares.
One can expect the United Heat Transfer sme ipo allotment to be decided on Friday 25 October 2024. United Heat Transfer shares will be listed on the NSE SME exchange and the anticipated date for listing has been decided as Tuesday, 29 October 2024.
United Heat Transfer IPO price band has been set between ₹ 56 to ₹ 59 per share. The ipo lot size which is the number of shares in a lot has been fixed as 2000 shares. Thus, retail investors subscribing to United Heat Transfer IPO have to invest a minimum of ₹ 118000 while HNIs have to buy at least 2 lots or 4000 shares which amounts to ₹ 236000.
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United Heat Transfer NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | October 22, 2024 |
| IPO Closing Date | October 24, 2024 |
| Tentative IPO Listing Date | October 29, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹56 to ₹59 per share |
| Lot Size | 2000 shares |
| Total Issue Size | 50.84 lakh shares (₹30 Cr) |
| Fresh Issue | 50.84 lakh shares (₹30 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 13920000 shares |
| Shareholding post-issue | 19004000 shares |
| Market Maker Portion | 256000 shares |
United Heat Transfer Limited| Company Overview
United Heat Transfer Limited was incorporated in January 1995. It is a manufacturer of essential equipment for industrial use such as heat exchangers, process flow skids, pressure vessels, and similar products. These products are mainly used in maritime vessels, mining trucks, diesel engines, heavy machinery, and other applications.
Currently, United Heat Transfer Limited has two manufacturing units, both in Nashik which are well-equipped with all modern-day infrastructure, advanced technology, and state-of-the-art machinery to boost production and efficiency.
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United Heat Transfer Limited IPO | Key Details
- United Heat Transfer IPO Opening Date: October 22, 2024
- United Heat Transfer IPO Closing Date: October 24, 2024
- Allotment Date: October 25, 2024
- Price Band: ₹ 56 to ₹ 59 per share
- Lot Size: 2000 shares
- Refunds Initiated: October 28, 2024
- Shares Credited to Demat: October 28, 2024
- Listing Date: October 29, 202
United Heat Transfer Ltd: Financial Overview
United Heat Transfer Limited saw a dip in its revenue between FY23 and FY24 by 8.96% however, its profit after tax (PAT) grew 194.91% during the same period. This indicates that the SME is becoming profitable even in a volatile market.
| Financial Information (₹ Lakhs) | 31 Mar 2024 | 31 Mar 2023 | Change | Change (%) |
| Assets | 7,046.67 | 6,481.52 | 565.15 | 8.72 |
| Revenue | 6,409.55 | 7,040.15 | -630.60 | -8.96 |
| Profit After Tax | 623.85 | 211.54 | 412.31 | 194.91 |
| Net Worth | 2,037.71 | 1,413.86 | 623.85 | 44.12 |
| Reserves and Surplus | 762.71 | 988.86 | -226.15 | -22.87 |
| Total Borrowing | 3,692.18 | 3,295.18 | 397.00 | 12.05 |
FAQs | United Heat Transfer Ltd IPO
United Heat Transfer Ltd is a manufacturer of heat exchangers, process flow skids, and other such equipment. These are required in maritime vessels, heavy machinery, mining trucks, and other applications.
The tentative IPO listing date of United Heat Transfer has been fixed as Tuesday, October 29, 2024.
The bidding date for the United Heat Transfer IPO is from October 22, 2024, to October 24, 2024.
The IPO lot size for United Heat Transfer is 2000 shares.
The IPO allotment is expected to be finalized on Friday, October 25, 2024.
The IPO face value is set at ₹10 per share.
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