Comparison between United Heat Transfer IPO and Usha Financial IPO.
United Heat Transfer IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Usha Financial IPO is a SME Bookbuilding proposed to list at NSE SME.
| United Heat Transfer IPO | Usha Financial IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Swastika Investmart Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Swastika Investmart Ltd. | SS Corporate Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of United Heat Transfer IPO is up to ₹28.49 Cr whereas the issue size of the Usha Financial IPO is up to ₹93.06 Cr. The final issue price of United Heat Transfer IPO is ₹59.00 per share and of Usha Financial IPO is ₹168.00 per share.
| United Heat Transfer IPO | Usha Financial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹56.00 per share | ₹160.00 per share |
| Issue Price (Upper) | ₹59.00 per share | ₹168.00 per share |
| Issue Price (Final) | ₹59.00 per share | ₹168.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 800 shares |
| Fresh Issue Size | 48,28,000 shares | 55,39,200 shares |
| Fresh Issue Size (Amount) | up to ₹28.49 Cr | up to ₹93.06 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 48,28,000 shares | 55,39,200 shares |
| Issue Size Total (Amount) | up to ₹28.49 Cr | up to ₹93.06 Cr |
United Heat Transfer IPO opens on Oct 22, 2024, while Usha Financial IPO opens on Oct 24, 2024. The closing date of United Heat Transfer IPO and Usha Financial IPO is Oct 24, 2024, and Oct 28, 2024, respectively.
| United Heat Transfer IPO | Usha Financial IPO | |
|---|---|---|
| Anchor Bid Date | Oct 21, 2024 | Oct 23, 2024 |
| Issue Open | Oct 22, 2024 | Oct 24, 2024 |
| Issue Close | Oct 24, 2024 | Oct 28, 2024 |
| Basis Of Allotment (Tentative) | Oct 25, 2024 | Oct 29, 2024 |
| Initiation of Refunds (Tentative) | Oct 28, 2024 | Oct 30, 2024 |
| Credit of Share (Tentative) | Oct 28, 2024 | Oct 30, 2024 |
| Listing date (Tentative) | Oct 29, 2024 | Oct 31, 2024 |
| Anchor Lockin End date 1 | Nov 23, 2024 | Nov 28, 2024 |
| Anchor Lockin End date 2 | Jan 22, 2025 | Jan 27, 2025 |
United Heat Transfer IPO P/E ratio is 13.16, as compared to Usha Financial IPO P/E ratio of 19.83.
| United Heat Transfer IPO | Usha Financial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | United Heat Transfer Limited Financial Information (Restated)United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.
| Usha Financial Services Limited Financial Information (Restated)Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 91.59 | 98.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.09 | 72.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.16 | 19.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹112.12 Cr. | ₹365.19 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 8.46% | 9.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 10.79% | 12.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.12 | 1.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.48 | ₹8.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 8.46% | 9.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the United Heat Transfer IPO Retail Individual Investors (RII) are offered 16,92,000 shares while in Usha Financial IPO retail investors are offered 16,92,000 shares. Qualified Institutional Buyers (QIB) are offered 9,74,000 shares in United Heat Transfer IPO and 11,08,000 shares in Usha Financial IPO.
| United Heat Transfer IPO | Usha Financial IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,34,000 shares | 16,60,800 shares |
| Market Maker Reserveration | 2,56,000 shares | 3,20,800 shares |
| QIB | 9,74,000 shares | 11,08,000 shares |
| NII | 7,28,000 shares | 8,31,200 shares |
| RII | 16,92,000 shares | 19,39,200 shares |
| Employee | ||
| Others | ||
| Total | 48,28,000 shares | 55,39,200 shares |
United Heat Transfer IPO subscribed 83.70x in total, whereas Usha Financial IPO subscribed 19.37x.
| United Heat Transfer IPO | Usha Financial IPO | |
|---|---|---|
| QIB (times) | 26.56x | 10.04x |
| NII (times) | 124.72x | 28.55x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 98.93x | 20.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.70x | 19.37x |
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