United Heat Transfer Limited (NSE SME)

Oct 22, 2024 - Oct 24, 2024

Premium	₹17
Price	₹56 - ₹59
Lot size	2000
Allotment	Oct 25, 2024
Listing	Oct 29, 2024

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	2000	118000	846
HNI	2	4000	236000	364

Last updated on 24-Oct-2024 19:09:02

Category	Offered	Applied	Times
QIB	974000	25872000	26.56
NIB	728000	91090000	125.12
RETAIL	1692000	167814000	99.18
Total	3394000	284776000	83.91

Application Wise Breakup
Category	App. Received
QIB	14
NIB	6021
RETAIL	83907
Total	89942

Subscription Demand (in ₹ crore)
Category	Offered	Demand	Times
QIB	5.75	152.64	26.56
NIB	4.3	537.43	125.12
RETAIL	9.98	990.1	99.18
Total	20.02	1680.18	83.91

QIB Interest Cost Per Share (7 Days)
@7% ₹2.1	@8% ₹2.4	@9% ₹2.7	@10% ₹3.01	@11% ₹3.31	@12% ₹3.61

HNI Interest Cost Per Share (7 Days)
@7% ₹9.91	@8% ₹11.33	@9% ₹12.74	@10% ₹14.16	@11% ₹15.57	@12% ₹16.99

About

IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	33.28%	1692000
NII (HNI)	14.32%	728000
Anchor	28.21%	1434000
QIB	19.16%	974000
Market Maker	5.03%	256000
Total	100.00%	5084000

United Heat Transfer IPO Details

Issue Size	5,084,000 shares (aggregating up to ₹30.00 Cr)
Fresh Issue	5,084,000 shares (aggregating up to ₹30.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	13,920,000
Share holding post issue	19,004,000
Market Maker portion	256,000 shares Swastika Investmart

Key Performance Indicator

KPI	Jul-24	Mar-24	Mar-23
ROE	8.46%	30.62%	14.96%
ROCE	10.79%	31.77%	17.47%
RONW	8.46%	30.62%	14.96%
D/E	1.12	1.81	2.33
EPS (basic)	1.74	4.89	1.66
P/E Pre IPO	13.16
P/E Post IPO	15.41

Company Financials

United Heat Transfer Limited Financial Information (Restated)

United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.

Period	Jul 2024	Mar 2024	Mar 2023	Mar 2022
Assets	7,230.03	7,046.67	6,481.52	6,262.36
Revenue	2,120.01	6,409.55	7,040.15	4,796.11
Profit	242.53	623.85	211.54	152.67
Net Worth	2,865.24	2,037.71	1,413.86	1,202.32
Reserves	1,473.24	762.71	988.86	777.32
Borrowing	3,202.13	3,692.18	3,295.18	3,761.47
Amount in ₹ Lakhs

About Company

United Heat Transfers Limited, incorporated in January 1995, specializes in manufacturing critical equipment such as heat exchangers, pressure vessels, and process flow skids, which are widely used in petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery. The company operates two state-of-the-art manufacturing units in Nashik, equipped with advanced technology and modern infrastructure that boost both productivity and operational efficiency. As of July 31, 2024, United Heat Transfers Limited has approximately 105 employees on its payroll, supported by an additional 127 contractual workers, contributing to its dynamic workforce across various levels.

Lead Manager(s)

Swastika Investmart Ltd

Strength

Global Presence: A diverse customer base across multiple continents reduces dependency on any single market, strengthening its international footprint.

Skilled Workforce: A knowledgeable and skilled team ensures efficient production and timely delivery of high-quality products.

Industry Compliance: Adherence to industry standards guarantees high quality and reliability, fostering trust among customers.

Weakness

Customer Concentration: Dependence on a small number of key customers poses a risk, as losing any major client could significantly impact revenue and profitability.

Geographic Dependence: Reliance on a few states for business operations means that disruptions in these regions could affect overall performance.

Country-Specific Exposure: Dependence on a limited number of countries increases vulnerability to market changes or disruptions in those regions, potentially affecting business operations.

Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: merchantbanking@swastika.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html