United Heat Transfer IPO description – United Heat Transfer manufactures a range of shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skid equipment. These critical components are used in petrol and diesel engines, railway engines, maritime engines, cruise and cargo ships, ferries, pleasure boats, marine diesel, mining trucks, megayachts, heavy engines, fishing boats, heavy trucks, freighters, trawlers, heavy haulages, power gen sets, supertankers, off-highway engines, and more.
The company extends its expertise to the growing national and multinational OEM industry for heat exchangers, moisture separators, pressure vessels, and process flow skids. It manufactures heat transfer equipment according to TEMA (Tubular Exchanger Manufacturers Association) standards, ASME Section VIII Div. 1 and Div. 2 (unfired pressure vessels), API 660, 661, and NES standards.
The company operates two advanced manufacturing facilities located in Nashik. As of 31 March 2024, the company employs approximately 102 people at various levels within the organization.
Promoters of United Heat Transfer – Mr. Yogesh Vishwanath Patil, Mr. Vivek Vishwanath Patil, Ms. Durva Yogesh Patil, and Mr. Shatanik Vivek Patil
Table of Contents
United Heat Transfer IPO Details
| United Heat Transfer IPO Dates | 22 – 24 October 2024 |
| United Heat Transfer Issue Price | INR 56 – 59 per share |
| Fresh issue | 50,84,000 shares (INR 28.47 – 30 crore) |
| Offer For Sale | NIL |
| Total IPO size | 50,84,000 shares (INR 28.47 – 30 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,18,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
United Heat Transfer Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | 4M FY 2025 |
| Revenue | 47.65 | 69.95 | 60.19 | 21.19 |
| Expenses | 45.66 | 67.58 | 56.24 | 18.01 |
| Net income | 1.53 | 2.12 | 6.24 | 2.43 |
United Heat Transfer Offer News
- United Heat Transfer IPO Analysis: Key Financial Ratios to Watch
- United Heat Transfer RHP
- United Heat Transfer Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
United Heat Transfer Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.20 | 1.66 | 4.89 |
| PE ratio | – | – | 11.45 – 12.07 |
| RONW (%) | 12.70 | 14.96 | 30.62 |
| NAV | 9.43 | 11.09 | 15.98 |
| ROCE (%) | 13.18 | 17.47 | 31.77 |
| EBITDA (%) | 12.91 | 11.11 | 16.60 |
| Debt/Equity | 3.13 | 2.33 | 1.81 |
United Heat Transfer IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 28 October 2024 | 15 | 25,000 | |
| 26 October 2024 | 15 | – | 25,000 |
| 25 October 2024 | 25 | – | 37,000 |
| 24 October 2024 | 25 | – | 37,000 |
| 23 October 2024 | 15 | – | 25,000 |
| 22 October 2024 | 10 | – | 12,000 |
| 21 October 2024 | 10 | – | 12,000 |
United Heat Transfer IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 9,74,000 | 7,28,000 | 16,92,000 | 33,94,000 |
| 24 Oct 2024 | 26.56 | 125.12 | 99.18 | 83.91 |
| 23 Oct 2024 | 2.61 | 8.16 | 13.40 | 9.18 |
| 22 Oct 2024 | 1.74 | 4.25 | 2.35 | 2.58 |
The market maker reservation portion of 2,56,000 shares and anchor allocation of 14,34,000Â shares are not included in the above calculations.
United Heat Transfer IPO Dates & Listing Performance
| IPO Opening Date | 22 October 2024 |
| IPO Closing Date | 24 October 2024 |
| Finalization of Basis of Allotment | 25 October 2024 |
| Initiation of refunds | 28 October 2024 |
| Transfer of shares to demat accounts | 28 October 2024 |
| IPO Listing Date | 29 October 2024 |
| Opening Price on NSE SME | INR 60.95 per share (up 3.31%) |
| Closing Price on NSE SME | INR 63.95 per share (up 8.39%) |
United Heat Transfer Offer Lead Manager
SWASTIKA INVESTMART LIMITED
Flat No18, 2nd Floor, North Wing,
Madhaveshwar Coop Hsg Society Ltd, Madhav Nagar,
11/12 SV Road, Andheri West Mumbai – 400058
Phone: +91-22-26254568-69 / 0731-6644244
Email:Â [email protected]
Website:Â www.swastika.co.in
United Heat Transfer Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â united [email protected]
Website:Â www.linkintime.co.in
United Heat Transfer Issue Contact Details
UNITED HEAT TRANSFER LIMITED
Plot No F-131, MIDC Area, Ambad,
Nashik, Maharashtra, India, 422010
Phone: +91 25323 82484 / 5051
E-mail: [email protected]
Website: www.unitedheat.net
IPO FAQs
What is the United Heat Transfer offer size?
United Heat Transfer offer size is INR 28.47 – 30 crores.
What is the United Heat Transfer offer price band?
United Heat Transfer public offer price is INR 56 – 59 per share.
What is the lot size of the United Heat Transfer IPO?
United Heat Transfer offer a lot size is 2,000 shares.
What is United Heat Transfer IPO GMP today?
United Heat Transfer IPO GMP today is INR 15 per share.
What is the United Heat Transfer kostak rate today?
United Heat Transfer kostak rate today is INR NA per application.
What is United Heat Transfer Subject to the Sauda rate today?
United Heat Transfer is Subject to the Sauda rate today is INR 25,000 per application.
