United Heat Transfer SME IPO Details, Financials, Valuation & Peers
Explore United Heat Transfer IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
United Heat Transfer Limited, established in 1995, is a manufacturer of specialized heat transfer equipment. The company offers a diverse range of shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skids, which serve critical roles across multiple industries, including automotive, marine, railways, power generation, and heavy engineering. The company has established itself as a trusted supplier to national and multinational OEMs for heat exchangers and related equipment, adhering to international standards such as TEMA, ASME, API, and NES. United Heat Transfer Limited’s products find extensive application in petrol and diesel engines, maritime vessels, mining trucks, power gen sets, yachts, ferries, and off-highway equipment.
Key Points:
- Core Business: Manufacturing of shell and tube heat exchangers, air-cooled exchangers, pressure vessels, and process flow skids. Products are manufactured according to TEMA (Tubular Exchanger Manufacturers Association), ASME Section VIII Div. 1 & 2, and API 660 & 661 standards.
- Product Applications: Heat exchangers and pressure vessels used in:
- Automotive: Heavy trucks, mining vehicles, off-highway engines.
- Marine: Cruise ships, fishing boats, mega yachts, and tankers.
- Railways: Engines for trains and freight transport.
- Power Generation: Power gen sets and industrial equipment.
Objects of the Issue
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 22 Oct - 24 Oct 2024 |
| IPO Price Band | ₹56 - ₹59 per share |
| Fresh Issue | 50,84,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹30.0 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 22 Oct 2024 |
| IPO Closing Date | 24 Oct 2024 |
| Basis Of Allotment | 25 Oct 2024 |
| Refunds | 28 Oct 2024 |
| Demat Transfer | 28 Oct 2024 |
| IPO Listing Date | 29 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jul 2024 |
|---|---|---|---|---|
| Total Income | 47.96 | 70.40 | 64.10 | 21.20 |
| Total Expenses | 45.66 | 67.58 | 56.24 | 18.01 |
| Net Profit/Loss | 1.53 | 2.12 | 6.24 | 2.43 |
| NPM (*) | 3.20 | 3.02 | 10.36 | 11.44 |
| Total Assets | 62.62 | 64.82 | 70.47 | 72.30 |
| Total Liabilities | 50.60 | 50.68 | 50.09 | 43.65 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jul 2024 |
|---|---|---|---|---|
| EPS | 1.20 | 1.66 | 4.89 | 1.74 |
| ROE (%) | 12.70 | 14.96 | 30.62 | 8.46 |
| ROCE (%) | 13.18 | 17.47 | 31.77 | 10.79 |
| D/E Ratio | 3.13 | 2.33 | 1.81 | 1.12 |
| Current Ratio | 1.16 | 1.09 | 1.07 | 1.27 |
| EBITDA MARGIN (%) | 12.91 | 11.11 | 16.60 | 24.89 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| United Heat Transfer Limited | 60.19 | 12.07 | 4.89 | 30.62 | 15.98 |
| Patel Airtemp India Limited | 370.76 | 25.87 | 26.86 | 10.33 | 260.91 |
| The Anup Engineering Limited | 550.38 | 34.89 | 51.85 | 19.38 | 531.08 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 26.56 |
| Non-Institutional Investor (NII/HNI) | 124.72 |
| Retail Individual Investor (RII) | 98.93 |
| Total | 83.7 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MR. YOGESH VISHWANATH PATIL
- MR. VIVEK VISHWANATH PATIL
- MS. DURVA YOGESH PATIL
- MR. SHATANIK VIVEK PATIL
Lead Managers
- SWASTIKA INVESTMART LIMITED
Company Address
United Heat Transfer Limited
Plot No F-131, MIDC Area, Ambad, Nashik, Maharashtra, India, 422010
Phone: +91 25323 82484 / 5051
Email: company.secretary@unitedheat.net
Website: https://unitedheat.net
FAQs
- What is the issue size of the United Heat Transfer SME IPO?The United Heat Transfer SME IPO has an issue size of ₹30.0 crore. This includes a fresh issue of 50,84,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the United Heat Transfer IPO?The price band for the United Heat Transfer IPO is ₹56 - ₹59 per share.
- What are the bidding dates for the United Heat Transfer IPO?The United Heat Transfer IPO will open for bidding on 22 Oct 2024 and close on 24 Oct 2024.
- What is the allotment date for the United Heat Transfer IPO?The allotment date for the United Heat Transfer IPO is 25 Oct 2024.
- What is the minimum lot size and investment required for the United Heat Transfer IPO?The minimum lot size for the United Heat Transfer IPO is 2000 shares and the minimum investment required is ₹1,18,000.
- What is the listing date for the United Heat Transfer IPO?The listing date for the United Heat Transfer IPO is 29 Oct 2024.
- What is the United Heat Transfer IPO grey market premium?The grey market premium (GMP) for the United Heat Transfer IPO is currently at ₹17, with an expected listing gain of approximately 28.81%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.