October 29, 2024
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United Heat IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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United Heat listing Review
The IPO is listed at Rs. 60.95, premium of just 3.31% over the issue price. The listing has been quite disappointment to the grey market.
United Heat IPO allotment Link
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Subscription status of United Heat IPO
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United Heat Transfer Limited IPO (Closed) Price Rs. 59 Lot 2000 shares, Rs. 30.00 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 26.56 | 124.72 | 98.93 | 83.70 | 83,698 (98.93x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of United Heat?
Company Overview
Incorporated in January 1995, United Heat Transfers Limited specializes in manufacturing critical equipment such as heat exchangers, pressure vessels, and process flow skids. Our products are integral to a variety of applications, including petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery.
Manufacturing Facilities
We operate two state-of-the-art manufacturing units in Nashik, equipped with modern infrastructure and advanced technology. This combination enhances our productivity and efficiency, enabling us to meet the demands of our diverse clientele.
Workforce
As of July 31, 2024, United Heat Transfers employs approximately 105 full-time staff and an additional 127 contract workers, ensuring a skilled and knowledgeable team dedicated to delivering high-quality products.
Competitive Strengths
- Global Reach: Our diverse customer base across multiple continents reduces dependency on any single market, enhancing our global presence.
- Skilled Team: Our knowledgeable workforce ensures efficient production and timely delivery of our products.
- Quality Assurance: We adhere to industry standards, guaranteeing high quality and reliability for all our customers.
- Strategic Distribution: Our well-placed distribution channels and strategic location improve customer convenience and accessibility, maximizing our sales potential.
Choose United Heat Transfers Limited for reliable, high-quality heat transfer solutions tailored to your industry’s needs.
Get more information about the company @
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United Heat IPO Details |
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| IPO opens on | 22 October 2024 |
| IPO closes on | 24 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 50,84,000 Shares / Rs 30.00 Crore |
| * Fresh Issue | 50,84,000 Shares / Rs 30.00 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 2,56,000 Shares |
| Net offer to Public | 48,28,000 Shares/ Rs.28.49 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.56-59 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2414000 | 14.24 |
| NII (15%) | 724200 | 4.28 |
| RII (35%) | 1689800 | 9.97 |
| Total Shares | 4828000 | 28.49 |
| Retail portion will be oversubscribed by |
845 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.118000 |
| Min HNI Application | 4000 Shares | Rs.23600 |
Who are the Promoters of United Heat?
The company’s promoters are Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.
What are the Objects of United Heat IPO?
The Offer comprises of fresh issue of shares
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose.
Tentative timetable |
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| IPO opens on | 22 October 2024 |
| IPO Closes on | 24 October 2024 |
| IPO Allotment on | 25 October 2024 |
| Refund Initiation | 28 October 2024 |
| Credit of Shares | 28 October 2024 |
| Listing on | 29 October 2024 |
| Registered Office of the Company United Heat Transfer Limited Plot No F-131, , MIDC Area Ambad, Nashik-422010 |
| Who is the Lead Manager of this IPO? Swastika Investmart ltd |
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Who is the Registrar to IPO? |
United Heat IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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United Heat IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | EBITDA |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 47.96 | 1.53 | 9.43 | 12.91 |
| 2022-23 | 70.40 | 2.11 | 11.09 | 11.11 |
| 2023-24 | 64.09 | 6.24 | 15.98 | 16.60 |
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 59 | ||
IPO
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| Price/EPS of 23-24 | 5.11 |
| Price/BV Ratio | 3.69 |
| Price/BV after IPO | |
How United Heat IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| United Heat | 10 | 6.24 | 5.11 |
| Patel Airtemp | 10 | 14.74 | 25.87 |
| Anup Engineering | 10 | 102.40 | 34.89 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
United Heat IPO Review
Incorporated in January 1995, United Heat Transfers Limited specializes in manufacturing critical equipment such as heat exchangers, pressure vessels, and process flow skids. Our products are integral to a variety of applications, including petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery.
Size: Net size of the IPO is Rs.28.49 crore, comprising of 4828000 shares. IPO size is somewhat large considering the recent trends. With 845 applications, retail portion can get one time subscribed
Financial Snapshot: In the fiscal year 2023-24, just prior to the IPO, the company reported a net profit of Rs.6.24 crore on total income of Rs.64.09 crore. In contrast, during the fiscal year 2021-22, the company earned a net profit of Rs.1.53 on total income of Rs.47.96 crore. This sharp increase in profits for 2023-24 raises questions and warrants closer examination. If we rework the net profit for the year 2023-24, to normal EBITDA level, then the PE ratio comes to 13.16, which is reasonable.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
United Heat IPO GMP today allotment, review?
United Heat IPO GMP grey market premium
United Heat IPO FAQs
What is United Heat IPO?
This is a SME IPO of 64,99,200 equity shares of the face value of Rs. 10 aggregating up to Rs.75.39 Crores. The issue is priced at Rs.110-116 per share. The minimum order quantity is 1200 Shares.
When will United Heat IPO subscription open?
Freshara Agro IPO opens on October 17, 2024, and closes on October 21, 2024.
What is the lot size of United Heat IPO?
Freshara Agro IPO lot size is 1200 Shares, and the minimum amount required is Rs.13200
How to apply for Usha Financial IPO?
You can apply in Freshara Agro IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is United Heat IPO allotment?
The finalization of Basis of Allotment for Freshara Agro IPO will be done on October 22, 2024, and the allotted shares will be credited to your demat account by October 23, 2024.
When is United Heat IPO listing date?
Freshara Agro IPO listing date is October 24, 2024.
