59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

United Heat Transfer Limited IPO (United Heat Transfer IPO) Detail

United Heat Transfer IPO is a Book Building IPO listing on NSE EMERGE exchange. The company is based in Nashik and caters to Electric Equipments - OEM sector. Swastika Investmart is the merchant banker of United Heat Transfer IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th July 2024.

United Heat Transfer IPO open date is 22nd October 2024 and close date is 24th October 2024. IPO Allotment Date is 25th October 2024 and Listing date is 29th October 2024.

IPO Category : SME
Exchange : NSE EMERGE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 30.00 Cr. Avg IPO Size (Sector Based) : ₹ 26.86 cr.
  • Sector: Electric Equipments - OEM SME IPO so far: 7
  • Merchant Banker: Swastika Investmart SME IPO by BRLM so far: 33
  • City: Nashik SME IPO so far: 13
  • Revenue (annualised): ₹ 63.60 cr.
            (annualised): ₹ 7.29 cr.
  • PE Ratio: 15.41x Average Sector PE Ratio: 23.48x

United Heat Transfer IPO Date

Date of DRHP:
19th July 2024
IPO Open Date:
22nd October 2024
IPO Closing Date:
24th October 2024
IPO Allotment Date:
25th October 2024
Initiation of Refund:
28th October 2024
IPO Listing Date:
29th October 2024

United Heat IPO Info, Size, Subscription

United Heat Transfer IPO size is ₹ 30.00 Cr. with IPO price of ₹ 59.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 30.00 Cr.

Issue Price:
₹ 59.00

Market Capitalisation :
₹ 112.12 Cr.

PE multiple :
15.41

Subscription :
83.70 times

Pre Issue Promoter Holding :
91.59 %

Post Issue Promoter Holding :
67.09 %

United Heat Transfer IPO Information

Sub Sector : manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.
United Heat Transfer Limited was originally incorporated on January 27th, 1995 as a private limited company in the name of “UNITED HEAT TRANSFERS PRIVATE LIMITED” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai Maharashtra, they changed their name from “UNITED HEAT TRANSFER PRIVATE LIMITED” to “UNITED HEAT TRANSFER LIMITED” through a special resolution passed by the shareholders in an Extra Ordinary General Meeting held on September 25th, 2009. The registrar of companies, Mumbai, Maharashtra issued a fresh certificate of incorporation dated November 13th, 2009. Subsequently, pursuant to a special resolution of their Shareholders passed in the Extra Ordinary General Meeting held on February 27th, 2024, the Company was converted from a private limited company to public limited company and
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Object of Issue (United Heat IPO Objectives)

  • Repayment of Debt
  • To Meet Incremental Working Capital Requirements
  • General Corporate Purpose

Swastika Investmart Limited is the book-running lead manager of the United Heat Transfer IPO. Link Intime India Private Limited is the Registrar and Market Maker is Swastika Investmart Limited for United Heat Transfer IPO.

United Heat IPO Market Maker

Swastika Investmart Limited

United Heat IPO Registrar (RTA)

Link Intime India Private Limited

United Heat IPO Lead Manager (BRLM)

Swastika Investmart Limited

United Heat Transfer IPO anchor investors are the below investors. The number of anchor investors in this IPO is 6.

Anchor Investors in United Heat IPO

No. of Anchor Investors: 6

Anchor Investor Name   No. of shares Allotted Offer Price (in ₹.) Amount Invested (in ₹.)
Bharat Venture Opportunities 510,000.00 ₹ 59.00 ₹ 30,090,000.00
Saint Capital Fund 244,000.00 ₹ 59.00 ₹ 14,396,000.00
Rajasthan Global Securities 170,000.00 ₹ 59.00 ₹ 10,030,000.00
Swyom India Alpha 170,000.00 ₹ 59.00 ₹ 10,030,000.00
Zeta Global Funds 170,000.00 ₹ 59.00 ₹ 10,030,000.00
Vijit Growth Fund 170,000.00 ₹ 59.00 ₹ 10,030,000.00

United Heat Transfer IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is United Heat Transfer IPO?

United Heat Transfer IPO, based in Nashik, operates in the   Electric Equipments - OEM sector with a focus on manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. United Heat Transfer IPO size is ₹ 30.00 Cr. with fresh issue size of ₹ 30.00 Cr. and Offer for sale being ₹ Nil

When is United Heat IPO allotment?

The IPO allotment date for United Heat Transfer IPO is expected to be 25th October 2024, after the finalization of basis of allotment. Investors can check United Heat Transfer IPO allotment status on the registrars website, Link Intime India Private Limited. United Heat Transfer IPO refund dates are 28th October 2024.

When is United Heat Transfer IPO listing date?

United Heat Transfer IPO is expected to be listed on 29th October 2024.

What is the price band for United Heat IPO?

The upper price band for the United Heat Transfer IPO is set at ₹ 59.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is United Heat Transfer IPO Review?

For IPO analysis on United Heat Transfer IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for United Heat Transfer IPO?

To apply for the United Heat Transfer IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th October 2024. After submission, funds are blocked until the basis of allotment of United Heat Transfer IPO is finalised.

Who is the merchant banker of United Heat IPO?

The merchant banker for United Heat Transfer IPO is Swastika Investmart Limited . Swastika Investmart Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the United Heat Transfer IPO RHP for further details.

Who is the Registrar of United Heat Transfer IPO?

The registrar for United Heat Transfer IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to United Heat Transfer IPO through their official website or helpline.

What is the United Heat Transfer IPO subscription?

United Heat Transfer IPO was subscribed 83.70 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 30.00 Cr. Avg IPO Size (Sector Based) : ₹ 26.86 Cr.
  • Sector: Electric Equipments - OEM SME IPO so far: 7
  • Merchant Banker: Swastika Investmart SME IPO by BRLM so far: 33
  • City: Nashik SME IPO so far: 13
  • Revenue (annualised): ₹ 0.63 cr.
            PAT: (annualised): ₹ 0.06 cr.
  • PE Ratio: 15.41x Average Sector PE Ratio: 23.48x
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FAQs

United Heat Transfer IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on United Heat Transfer Financial Review Page

United Heat Transfer IPO subscription was 83.70 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

United Heat Transfer IPO listed at a listing price of 63.95 against the offer price of 59.00.

The current market price of United Heat Transfer is 60.00.

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