The United Heat Transfer IPO is now open for subscriptions from October 22 to October 24, 2024. This is a book-built issuance aiming to raise ₹30 crore through the sale of approximately 5,084,000 equity shares. The IPO includes a fresh issue of shares priced between ₹56 and ₹59 per share, with a minimum lot size of 2000 shares.
Company Profile Founded on January 27, 1995, United Heat Transfer Limited specializes in manufacturing a wide range of heat transfer equipment, such as shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skid equipment. These components are crucial for various applications, including gasoline and diesel engines, railway engines, maritime engines, and ships, and they find use in industries like mining, power generation, and transportation.
Key IPO Details
- IPO Open Date: October 22, 2024
- IPO Close Date: October 24, 2024
- Listing Date: October 29, 2024
- Face Value: ₹10 per share
- Price Band: ₹56 to ₹59 per share
- Lot Size: 2000 shares
- Total Issue Size: 5,084,000 shares (aggregating up to ₹30 crore)
- Issue Type: Book Built Issue IPO
- Listing At: NSE SME
Financial Performance United Heat Transfer has shown a decline in revenue of 9% for the fiscal year ending March 31, 2024, compared to the previous year. However, its profit after tax (PAT) saw a remarkable increase of 195%. Here are some key financial figures:
- Total Assets: ₹7,230.03 million
- Revenue: ₹2,120.01 million
- Profit After Tax (PAT): ₹242.53 million
- Net Worth: ₹2,865.24 million
- Return on Equity (ROE): 8.46%
- Return on Capital Employed (ROCE): 10.79%
- Debt/Equity Ratio: 1.12
- Return on Net Worth (RoNW): 8.46%
- Price to Book Value (P/BV): 3.69
- PAT Margin (%): 11.44%
Conclusion The United Heat Transfer IPO presents a fresh investment opportunity with a diverse product offering and significant market applications. Investors may find the financial growth in PAT, despite revenue decline, worth considering.
Disclaimer:
This document is for informational purposes only and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. The information provided herein is based on sources deemed reliable but is not guaranteed for accuracy or completeness. Investors should conduct their own research and consider their financial situation, risk tolerance, and investment objectives before making any investment decisions. Past performance is not indicative of future results, and investments in IPOs can be subject to significant volatility. Please consult with a qualified financial advisor before investing.
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