Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Tue, Oct 22, 2024 - Thu, Oct 24, 2024
United Heat Transfer IPO is a book build issue of ₹30.00 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹30.00 crore.
United Heat Transfer IPO bidding started from Oct 22, 2024 and ended on Oct 24, 2024. The allotment for United Heat Transfer IPO was finalized on Oct 25, 2024. The shares got listed on NSE SME on Oct 29, 2024.
United Heat Transfer IPO price band is set at ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
Swastika Investmart Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Swastika Investmart Ltd..
Refer to United Heat Transfer IPO RHP for detailed Information.
IPO Open
Tue, Oct 22, 2024
IPO Close
Thu, Oct 24, 2024
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹112.12 Cr
| IPO Date | 22 to 24 Oct, 2024 |
| Listed on | Tue, Oct 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 50,84,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 2,56,000 shares Swastika Investmart Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 48,28,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 48,28,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,39,20,000 shares |
| Share Holding Post Issue | 1,90,04,000 shares |
| NSE Symbol | UHTL |
| ISIN | INE0SMR01011 |
United Heat Transfer IPO comprises a total issue size of 50,84,000 shares. The net offer to the public is 48,28,000 shares, after excluding 2,56,000 shares allotted on a firm basis. Of the Net offer 24,08,000 (49.88%) are allocated to QIB, 7,28,000 (15.08%) allocated to NII 16,92,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,08,000 | 49.88% | 47.36% |
| − Anchor Investor Shares Offered | 14,34,000 | 28.21% | |
| − QIB (Ex. Anchor) Shares Offered | 9,74,000 | 19.16% | |
| NII (HNI) Shares Offered | 7,28,000 | 15.08% | 14.32% |
| Retail Shares Offered | 16,92,000 | 35.05% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,56,000 | 5.04% | |
| Total Shares Offered | 50,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
United Heat Transfer IPO raises ₹8.46 crore from anchor investors. United Heat Transfer IPO Anchor bid date is October 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Oct 21, 2024 |
| Shares Offered | 14,34,000 |
| Anchor Portion (₹ Cr.) | 8.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Nov 23, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jan 22, 2025 |
Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids. The company's products are used in petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery, among other applications.
The company operates two manufacturing units in Nashik, equipped with modern infrastructure, including advanced technology and machinery that enhance productivity and efficiency.
As of July 31, 2024, the Company employs approximately 105 employees at various levels on its payroll, and 127 employees on a contractual basis.
Competitive Strength
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 72.30 | 70.47 | 64.82 | 62.62 |
| Total Income | 21.20 | 64.10 | 70.40 | 47.96 |
| Profit After Tax | 2.43 | 6.24 | 2.12 | 1.53 |
| NET Worth | 28.65 | 20.38 | 14.14 | 12.02 |
| Reserves and Surplus | 14.73 | 7.63 | 9.89 | 7.77 |
| Total Borrowing | 32.02 | 36.92 | 32.95 | 37.61 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Debt | 5.73 |
| 2 | To Meet Incremental Working Capital Requirements | 14.00 |
| 3 | General Corporate Purpose | 7.35 |
| KPI | Jul 31, 2024 |
|---|---|
| ROE | 8.46% |
| ROCE | 10.79% |
| Debt/Equity | 1.12 |
| RoNW | 8.46% |
| PAT Margin | 11.44% |
| Price to Book Value | 3.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.48 | 3.83 |
| P/E (x) | 13.16 | 15.41 |
| Promoter Holding | 91.59% | 67.09% |
| Market Cap | ₹112.12 Cr. |
The United Heat Transfer IPO is subscribed 83.7 times on October 24, 2024 6:20:00 PM (Day 3). The public issue subscribed 98.93 times in the retail category, 26.56 times in the QIB category, and 124.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 26.56 | 9,74,000 | 2,58,72,000 | 0 |
| NII* | 124.72 | 7,28,000 | 9,07,98,000 | 0 |
| Retail | 98.93 | 16,92,000 | 16,73,96,000 | 0 |
| Total | 83.7 | 33,94,000 | 28,40,66,000 | 83,698 |
Total Application : 83,698
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.50 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising and Printing Expenses | 0.33 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 5 | Fees payable to Peer Review Auditor and Legal Advisor | 0.04 |
| 6 | Fees Payable to Market Maker (for One Year) | 0.03 |
| 7 | Escrow Bank Fees | 0.01 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses) | 1.95 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹60.95 |
| Low | ₹57.95 |
| High | ₹63.95 |
| Last Trade | ₹63.95 |
Lead Manager Reports
United Heat Transfer IPO is a SME IPO of 50,84,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Oct 22, 2024, and closes on Thu, Oct 24, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in United Heat Transfer IPO using UPI as a payment gateway. Zerodha customers can apply in United Heat Transfer IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in United Heat Transfer IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The United Heat Transfer IPO opens on Tue, Oct 22, 2024 and closes on Thu, Oct 24, 2024.
United Heat Transfer IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in United Heat Transfer IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for United Heat Transfer IPO will be done on Friday, October 25, 2024, and the allotted shares will be credited to your demat account by Mon, Oct 28, 2024. Check the United Heat Transfer IPO allotment status.
The United Heat Transfer IPO listing date is on Tue, Oct 29, 2024.
