The United Heat Transfer IPO is a book-built issue totaling Rs 30.00 crores, consisting entirely of a fresh issue of 50.84 lakh shares.
The IPO will open for subscription on October 22, 2024, and close on October 24, 2024. The allotment is expected to be finalized on October 25, 2024, and the company aims to list on the NSE SME platform with a tentative listing date set for October 29, 2024.
United Heat Transfer Limited operates in the engineering and manufacturing sector. They specialize in producing essential equipment such as heat exchangers, pressure vessels, and process flow skids. Their products are used in various industries, including petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery.
The price band for the IPO is set between ₹56 and ₹59 per share. The minimum lot size for retail investors is 2,000 shares, requiring a minimum investment of ₹118,000. For high-net-worth individuals (HNIs), the minimum investment is 2 lots (4,000 shares), amounting to ₹236,000.
Swastika Investmart Ltd serves as the book-running lead manager for the issue, while Link Intime India Private Ltd is the registrar. Swastika Investmart is also the market maker for the IPO..
United Heat Transfer IPO Details:
| Company Name | United Heat Transfer Limited |
| Sector | Engineering and Manufacturing |
| IPO Type | SME |
| IPO Open date | 22nd Oct 2024 |
| IPO Close date | 24th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
United Heat Transfer IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,18,000 |
| HNI (Min) | 2 | 4000 | 2,36,000 |
United Heat Transfer IPO Timeline:
| IPO Open Date | 22nd Oct 2024 |
| IPO Close Date | 24th Oct 2024 |
| Basis of Allotment | 25th Oct 2024 |
| Refund Initiation Date | 28th Oct 2024 |
| Shares Credit to Demat | 28th Oct 2024 |
| Listing Date | 29th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review United Heat Transfer’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Engineering and Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in United Heat Transfer and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
