United Heat Transfer Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹59
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,18,000
Issue Size
₹30 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
United Heat Transfer Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
91.59%
Promoter Holding (Post-Issue)
67.09%
Issue Type
Book Building - SME
ISIN
INE0SMR01011
About the Company
The Company is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipment's which are used as critical equipment's for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships, ferries, pleasure boats, marine diesels, mining trucks, megayachts, heavy engines, fishing boats, heavy trucks, freighters, trawlers, heavy haulages, power gen sets, super tankers, off highway engines etc. since 1995.
Industry Overview
Nominal GDP or GDP at Current Prices in the year 2023-24 is estimated at Rs. 293.90 lakh crores (US$ 3.52 trillion), against the First Revised Estimates (FRE) of GDP for the year 2022-23 of Rs. 269.50 lakh crores (US$ 3.23 trillion). According to the McKinsey Global Institute, India needs to boost its rate of employment growth and create 90 million non-farm jobs between 2023 and 2030 to increase productivity and economic growth. The net employment rate needs to grow by 1.5% per annum from 2023 to 2030 to achieve 8-8.5% GDP growth between 2023 and 2030. India's current account deficit (CAD) narrowed to 1.2 per cent of GDP in the October-December quarter of FY24. Exports fared remarkably well during the pandemic and aided recovery when all other growth engines were losing steam in terms of their contribution to GDP. Going forward, the contribution of merchandise exports may waver as several of India's trade partners witness an economic slowdown. According to Mr. Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food, Public Distribution, and Textiles, Indian exports are expected to reach US$ 1 trillion by 2030.
Company History
United Heat Transfer Limited was originally incorporated as United Heat Transfers Private Limited, on January 27th, 1995 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Mumbai, Maharashtra. The name of the company was subsequently changed to United Heat Transfer Private Limited dated November 13th, 2009 vide Certificate from name change issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, the Company was converted into a public limited company and the name of the Company was changed from "United Heat Transfer Private Limited" to "United Heat Transfer Limited" vide Special Resolution dated February 27th, 2024. The status of the Company was changed to public limited and the fresh certificate of incorporation consequent to conversion was issued on June 12th, 2024 by the Registrar of Companies, Mumbai, Maharashtra.
Products & Services
- The Company is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipment's.
Growth Strategy
- Investing in Human Resources and Building a Professional Organization.
- Competitive pricing.
- Strong Customer Relationships.
- On Time Delivery.
- Design & Engineering Optimization.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 50,84,000 equity shares of face value of Rs. 10/- each of United Heat Transfer Limited ("UHT" or the "Company" or the "Issuer") for cash at a price of Rs. 59/- per equity share including a share premium of Rs. 49/- per equity share (the "Issue Price") aggregating to Rs. 30.00 crores ("The Issue"), of which 2,56,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 59/- per equity share including a share premium of Rs. 49/- per equity share aggregating to Rs. 1.51 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 48,28,000 equity shares of face value of Rs. 10/- each at a price of Rs. 59/- per equity share including a share premium of Rs. 49/- per equity share aggregating to Rs. 28.49 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.75% and 25.41%, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Well Experienced Management Team.
- Integrated Manufacturing Facilities.
- Vendor Registrations.
- Long Standing Relation with Customers.
- Strategic Location of Unit.
- The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
- The Company is dependent on few States. Loss of any of this large States may affect its business operations.
- Two of its Promoters and Non-Executive Directors i.e. Ms. Durva Yogesh Patil and Mr. Shatanik Vivek Patil has limited experience in the Heat Exchanger Industry in which the Company is operating.
- The Company is dependent on few Countries. Loss of any of this large Countries may affect its business operations.
- The Company is dependent on a few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.