United Heat Transfer IPO: United Heat Transfer IPO: Check Issue Size, GMP, Price Band and Other Details

He We are an IPO of Bonded heat transfer It opened for subscription on Tuesday and will close on October 24. The company aims to raise Rs 30 crore through SME IPO and list the shares on NSE SME Platform. Here are 10 key things investors should know about the public offering before subscribing to the issue.

1) Size of United Heat Transfer IPO

The IPO is entirely a fresh share sale of 50.84 lakh shares and through the issue, the company plans to raise around Rs 30 crore.

2) United Heat Transfer IPO Price Band

The company is offering its shares at Rs 56 to Rs 59 each and investors can bid for 2000 shares in 1 lot.

3)United Heat Transfer GMP

In the unlisted market, the company’s shares have a BPM of Rs 10, indicating a premium of 17% over the issue price.

4) About United Heat Transfer

The company is engaged in manufacturing a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow slip equipment used as critical equipment for gasoline and diesel engines, railway engines, marine engines, cruise and cargo. ships among others.

5) Industry Overview

The electrical equipment market share in India is expected to rise from $52.98 billion in 2022 to $125 billion in 2027, implying a strong CAGR of 11.68%. The domestic electrical equipment market is expected to grow at an annual rate of 12% to reach $72 billion by 2025.

Also read: Shapoorji Pallonji Group’s Afcons Infrastructure sets price band for its initial public offering. Check details

6) Financial performance of United Heat Transfer

For the year ended March 2024, the company posted a total revenue of Rs 21.19 crore and a net profit of Rs 2.42 crore.

7) Objects of the offer

The net proceeds from the public offering will be used to fund loan repayments, working capital requirements and other general corporate purposes.

8) Senior Managers and Registrar

Swastika Investmart is acting as lead manager for the issue and Link Intime India is the registrar.

9) Structure of the problem

Around 50% of the offering is reserved for qualified institutional buyers, 35% for retail investors and the other 15% for non-institutional investors.

10) Important dates

The IPO opened on October 22 and will close on October 24. The final allocation will probably be made on October 25. The company’s shares will likely be listed on October 29.

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)