United Heat Transfer Limited

22 Oct 2024 - 24 Oct 2024 Individual Category IPO NSE

Min Investment

₹118000

Price Band

₹56-₹59

Issue Size

36.5 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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22 Oct 2024

Open Date

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24 Oct 2024

Close Date

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25 Oct 2024

Allotment Date

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29 Oct 2024

Listing Date

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. 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.

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About United Heat Transfer Limited

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.

Founded

1995

Managing Director

Yogesh Vishwanath Patil, Vivek Vishwanath Patil, Shatanik Vivek Patil and Durva Yogesh Patil

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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