United Heat Transfer IPO Price Band, Open Date, GMP, Allotment

United Heat Transfer IPO opens for subscription from Tuesday, October 22, 2024, and closes on Thursday, October 24, 2024. It is a book-built issue of Rs 30 crores. This upcoming IPO is an entirely fresh issue of Rs 50.84 lakh equity shares.

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United Heat Transfer IPO Price Band

United Heat Transfer IPO price band is Rs 56 to Rs 59 per share. The minimum lot size set for the retail category is 2000 shares. The minimum lot size for HNI is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,18,000. However, the minimum investment required for the HNI category is Rs 2,36,000.

United Heat Transfer IPO GMP

United Heat Transfer IPO GMP quotation is not yet started. You can check the GMP price from the first day of subscription. If the subscription got oversubscribed then United Heat Transfer IPO GMP might rise in the coming days.

United Heat Transfer IPO Allotment Status

United Heat Transfer IPO allotment status is expected to be finalised on Friday, October 25, 2024. The listing will be on the NSE SME platform on Tuesday, October 29, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

United Heat Transfer IPO Listing Date

United Heat Transfer IPO listing date of the company’s listing date is decided on October 29, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

United Heat Transfer IPO: Listing Date , Lot Size, Price Band

United Heat Transfer Limited: About the Company

United Heat Transfer Limited incorporated in 1995, 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.  United Heat Transfer operates two manufacturing units in Nashik, equipped with modern infrastructure, including advanced technology and machinery that enhance productivity and efficiency.

Competitive Strength - 1) A diverse customer base across various continents enhances our global presence, minimising reliance on any single market. 2) Knowledgeable and skilled team to ensure efficient production and delivery of products. 3) Meeting Industry Standards to ensure high quality and reliability for its customers. 4)Strategic distribution channels and location enhance customer convenience and accessibility, boosting the company's reach and sales potential.

United Heat Transfer IPO Objectives

United Heat Transfer IPO is to raise funds from the general public. The net funds raised from this IPO will be utilised for meeting the day-to-day capital needs of the company and for repayment of the debt. The remaining money will be used for fulfilling the general corporate purposes.

United Heat Transfer IPO: Key Dates, Allotment, Listing Date

United Heat Transfer IPO Subscription Details, IPO Reservation

United Heat Transfer IPO subscription details will be available after the IPO opens on 28 october 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non Institutional investors.

United Heat Transfer IPO Lot Size Details

United Heat Transfer, IPO lot size, is set at 2000 shares per lot. For retail, the minimum lot size is 1 lot, amounting to Rs 1,18,000. For HNI minimum lot size is 4000 lot amounting to Rs 2,36,000

United Heat Transfer IPO Promoter Holdings

United Heat Transfer IPO promoters are Yogesh Vishwanath Patil, Vivek Vishwanath Patil, Shatanik Vivek Patil and Durva Yogesh Patil. The promoters' shareholdings before the IPO were 91.59%; however, after the IPO, shareholdings will decline to 67.09%.

United Heat Transfer Limited Company Financials (Amt in Crore)

United Heat Transfer Limited posted revenue of Rs 2,120.01 crore and net profit of Rs 242.53 crore for the period ending on 30 Jul 2024. The company’s revenue decreased by -9% and PAT rose by 195% between the FY ending on 31 March 2024 and 31 March 2023.

United Heat Transfer IPO Registrar

United Heat Transfer IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on Link Intime India and select the name of the company and enter PAN number or application ID to know their allotment status.

United Heat Transfer IPO Lead Managers

United Heat Transfer IPO lead managers are Swastika Investment Limited.

How to apply to United Heat Transfer IPO

Interested investors can apply to the United Heat Transfer IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

United Heat Transfer IPO Review 

United Heat Transfer IPO is likely to get a positive response from the general public. The company is involved in the manufacturing sector. Company manufactures heat exchangers, pressure vessels, and process flow skids. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response, then United Heat Transfer's IPO GMP will also rise.

United Heat Transfer IPO FAQ 

1. What are the details of the United Heat Transfer IPO?

 United Heat Transfer IPO is a book-built issue of Rs 30 crores. This upcoming IPO is an entirely fresh issue of Rs 50.84 lakh equity shares.

 2. When will the United Heat Transfer IPO open and close?

 United Heat Transfer IPO opens for subscription from Tuesday, October 22, 2024, and closes on Thursday, October 24, 2024. United Heat Transfer IPO allotment is expected to be finalised on Friday, October 25, 2024.

 3. What is United Heat Transfer IPO GMP?

 United Heat Transfer IPO GMP quotation is not yet started. You can check the GMP price on the first day of your subscription. If the subscription got oversubscribed, then United Heat Transfer IPO GMP might rise in the coming days.

 4. What are the details of United Heat Transfer IPO reservation?

 United Heat Transfer IPO subscription details will be available after the IPO opens on 22 October 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non Institutional investors.

 5. Write the details of the IPO Allotment?

 United Heat Transfer IPO Allotment details are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available in the registrar website, Link Intime India Limited.

 6. Who is the registrar and lead managers for United Heat Transfer IPO?

 United Heat Transfer IPO Registrar is Link Intime India Private Limited. The book-running lead manager for this IPO is Swastika Investmart Limited. Investors can check the allotment status in the Kfin Technologies Limited official website. 

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• What is IPO GMP?
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