United Heat Transfer IPO

United Heat Transfer IPO opens for subscription on October 22, 2024, and closes on October 24, 2024. The allotment for the United Heat Transfer IPO is expected to be finalized on Friday, October 25, 2024. United Heat Transfer IPO will list on NSE SME with a tentative listing date fixed as Tuesday, October 29, 2024.

United Heat Transfer IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.

United Heat Transfer IPO is a book-built issue of Rs 30.00 crores. The issue is entirely a fresh issue of 50.84 lakh shares.

United Heat Transfer IPO Details

United Heat Transfer IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

United Heat Transfer IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. Repayment of Debt;
2. To Meet Incremental Working Capital Requirements;
3. General Corporate Purpose.

About United Heat Transfer

Incorporated in January 1995, United Heat Transfers specializes in manufacturing critical equipment such as heat exchangers, pressure vessels, and process flow skids, serving diverse applications including petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery. With two state-of-the-art manufacturing units in Nashik, the company leverages advanced technology and modern infrastructure to optimize productivity and efficiency. Employing approximately 105 permanent and 127 contractual staff as of July 2024, United Heat Transfers boasts a knowledgeable team committed to delivering high-quality, reliable products while adhering to industry standards. Its strategic distribution channels and diverse global customer base enhance accessibility and minimize reliance on any single market, positioning the company for sustained growth and success.

United Heat Transfer Financial Information

United Heat Transfer IPO Reservation

United Heat Transfer IPO Timeline

United Heat Transfer IPO opens on October 22, 2024, and closes on October 24, 2024.