United Heat Transfer Limited IPO

Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids. The company’s products are used in petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery, among other applications.

The company operates two manufacturing units in Nashik, equipped with modern infrastructure, including advanced technology and machinery that enhance productivity and efficiency.

As of July 31, 2024, the Company employs approximately 105 employees at various levels on its payroll, and 127 employees on a contractual basis.

Competitive Strength

  • A diverse customer base across various continents enhances our global presence, minimizing reliance on any single market.
  • Knowledgeable and skilled team to ensure efficient production and delivery of products.
  • Meeting Industry Standards to ensure high quality and reliability for its customers
  • Strategic distribution channels and location enhance customer convenience and accessibility, boosting the company’s reach and sales potential.

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 Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets7,230.037,046.676,481.526,262.36
Revenue2,120.016,409.557,040.154,796.11
Profit After Tax242.53623.85211.54152.67
Net Worth2,865.242,037.711,413.861,202.32
Reserves and Surplus1,473.24762.71988.86777.32
Total Borrowing3,202.133,692.183,295.183,761.47
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of United Heat Transfer IPO is Rs 112.12 Cr.

KPI as of July 31, 2024.

KPIValues
ROE8.46%
ROCE10.79%
Debt/Equity1.12
RoNW8.46%
P/BV3.69
PAT Margin (%)11.44
 
 Pre IPOPost IPO
EPS (Rs) 4.483.83
P/E (x) 13.1615.41
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2024 that is available in RHP.

Objects of the Issue (United Heat Transfer IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  • Repayment of Debt;
  • To Meet Incremental Working Capital Requirements;
  • General Corporate Purpose.

United Heat Transfer IPO Details

IPO DateOctober 22, 2024 to October 24, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹56 to ₹59 per share
Lot Size2000 Shares
Total Issue Size5,084,000 shares
(aggregating up to ₹30.00 Cr)
Fresh Issue5,084,000 shares
(aggregating up to ₹30.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue13,920,000
Share holding post issue19,004,000
Market Maker portion256,000 shares

United Heat Transfer IPO Promoter Holding

The promoters of the company are Mr. Yogesh Vishwanath Patil, Mr. Vivek Vishwanath Patil, Mr. Shatanik Vivek Patil and Ms. Durva Yogesh Patil.

Share Holding Pre Issue91.59%
Share Holding Post Issue67.09%

SHARIAH SCREENING for - United Heat Transfer Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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