United Heat Transfer IPO: Another company is going to enter the IPO market. The name of this company is- United Heat Transfer Limited. The company will be listed on the NSE Emerge platform through this IPO being launched on 22 October 2024. It will close on Thursday, October 24, 2024. This means that there will be a chance to bet on the IPO till October 24. Let us know about this IPO in detail. The company aims to raise Rs 2999.56 lakh from this IPO. The company will issue 50,84,000 new equity shares at a face value of Rs 10 each.
Who has what share in IPO?
QIB anchor’s stake in United Heat Transfer Ltd’s IPO is up to 14,34,000 equity shares. Apart from this, Qualified Institutional Buyers (QIBs) have at least 24,08,000 equity shares, Non Institutional Investors (NIIs) have at least 7,28,000 equity shares, Retail Individual Investors (RIIs) have at least 16,92,000 equity shares and Market Maker includes 2,56,000 equity shares. The book running lead manager of the issue is Swastika Investmart Limited.
what will happen to the money
United Heat Transfer Limited, a company that came into existence in the year 1995, will use the earnings from this IPO for working capital needs, loan repayment and general corporate purposes. United Heat Transfer Limited has been dominating its industry for the last 3 decades. The heat exchanger equipment of this company such as: Shell and Tube Heat Exchangers, Air Cooled Heat Exchangers, Marine Heat Exchangers, Moisture Separators, Automatic Backflush Filters, Pressure Vessels and Process Flow Skids etc. are popular among the clients.
company clients
Talking about the clients of United Heat Transfer Limited, apart from Tata Group company Voltas, there are government companies BHEL, Indian Navy, ONGC, HAL. Apart from this, there are many such companies which are included in its customers.
What did the MD say?
Yogesh Patil, MD of United Heat Transfer Limited, said- We are excited to launch the IPO, it is an important moment for us. This IPO will help us strengthen our partnership with our diverse customers domestically and internationally by expanding into Europe, USA and Asian countries.
