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15 Days Price Change

United Heat Transfer IPO

Closing In

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Issue Size --
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Price Range 56  to  59 per share
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Min Investment ₹59
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Founded in January 1995, United Heat Transfers Limited focuses on manufacturing essential equipment such as heat exchangers, pressure vessels, and process flow skids. These products serve a variety of applications, including petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery. The company operates two manufacturing facilities in Nashik, equipped with state-of-the-art technology and machinery designed to enhance productivity and efficiency. The company’s competitive strengths include a diverse customer base across multiple continents, which minimizes reliance on any single market. Its skilled team ensures efficient production and timely product delivery, while adherence to industry standards guarantees high quality and reliability. Furthermore, strategic distribution channels and locations improve customer convenience and accessibility, effectively expanding the company’s reach and sales potential. Read More

Basic Info

Face Value 10 per share

Price 56  to  59 per share

P/E (x) 17.9

Sales( Cr.) 67

PAT( Cr.) 5

EPS 3.3

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Yogesh Vishwanath Patil Mr. Vivek Vishwanath Patil Mr. Shatanik Vivek Patil Ms. Durva Yogesh Patil.

Pre Issue Share Holding 100%

Post Issue Share Holding 74.83%

Listing Details:

Listing Price: 60.95

Listing Gain: 3.2%

Current Price: 56.5

Gain On Issue: 56.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 22, 2024
Closing Date Oct 24, 2024
Allotment Oct 25, 2024
Refund Oct 28, 2024
Delivery of Shares Oct 28, 2024
Listing Date Oct 29, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 118,000
Retail (Max) 1 2000 118,000
S-HNI (Min) 2 4000 236,000
S-HNI (Max) 8 16000 944,000
B-HNI (Min) 9 18000 1,062,000

Objective of the Issue

1. Repayment of Debt. 2. To Meet Incremental Working Capital Requirements 3. General Corporate Purpose.

Issue

Category Nos Bid Bid (x)
QIB 2542000 67515520 26.6x
NII 762600 95111472 124.7x
Retail 1779400 176036042 98.9x
EMP 0 0 0x
Total 5084000 425530800 83.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

United Heat Transfer Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 48 70 60 67
Other Income 0 0 4 1
Total Income 48 70 64 68
Total Expenditure 41 62 50 55
Operating Profit 6 8 14 12
Interest 3 4 4 3
Depreciation 1 1 2 2
Exceptional Income / Expenses -0 -0 0 0
Profit Before Tax 2 3 8 7
Provision for Tax 1 1 2 2
Profit After Tax 2 2 6 5
Adjustments 0 0 0 0
Profit After Adjustments 2 2 6 5
Adjusted Earnings Per Share 1.2 1.7 4.9 2.8

United Heat Transfer Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 14 20 59
Minority's Interest 0 0 0 0
Borrowings 27 21 16 6
Other Non-Current Liabilities 1 5 3 2
Total Current Liabilities 23 25 31 21
Total Liabilities 63 65 71 88
Fixed Assets 24 25 35 35
Other Non-Current Assets 12 13 3 3
Total Current Assets 26 27 33 50
Total Assets 63 65 71 88

United Heat Transfer Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 0
Cash Flow from Operating Activities 2 8 3 -7
Cash Flow from Investing Activities -5 -3 -2 -3
Cash Flow from Financing Activities 4 -5 -2 10
Net Cash Inflow / Outflow 1 -0 -1 0
Closing Cash & Cash Equivalent 1 1 0 0

United Heat Transfer Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.2 1.66 4.89 2.79
CEPS(Rs) 2.15 2.82 6.33 3.83
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 9.43 11.09 16.03 30.8
Core EBITDA Margin(%) 12.91 11.11 16.6 17.04
EBIT Margin(%) 10.71 9.63 20.03 15.7
Pre Tax Margin(%) 4.5 4.03 13.06 10.65
PAT Margin (%) 3.2 3.02 10.36 7.94
Cash Profit Margin (%) 5.74 5.15 13.41 10.88
ROA(%) 2.44 3.32 9.22 6.69
ROE(%) 12.7 16.17 36.09 13.43
ROCE(%) 10.28 13.92 23.09 15.69
Receivable days 60.21 39.57 62.06 86.79
Inventory Days 119.24 79.48 87.92 101.05
Payable days 147.38 101.12 96.56 63.26
PER(x) 0 0 0 21.31
Price/Book(x) 0 0 0 1.93
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.85 0.52 0.82 1.95
EV/Core EBITDA(x) 6.29 4.42 3.56 10.47
Net Sales Growth(%) 0 46.81 -13.95 11
EBIT Growth(%) 0 31.98 79.08 -13.03
PAT Growth(%) 0 38.56 194.91 -15
EPS Growth(%) 0 38.56 194.91 -42.97
Debt/Equity(x) 3.13 2.33 1.81 0.3
Current Ratio(x) 1.16 1.09 1.07 2.36
Quick Ratio(x) 0.48 0.5 0.61 1.27
Interest Cover(x) 1.73 1.72 2.87 3.11
Total Debt/Mcap(x) 0 0 0 0.16

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 12% 0% 0%
Operating Profit CAGR -14% 26% 0% 0%
PAT CAGR -17% 36% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% NA% NA% NA%
ROE Average 13% 22% 20% 20%
ROCE Average 16% 18% 16% 16%

Company Contact Information

United Heat Transfer Ltd.

Plot No F-131 M I D C, Area Ambad

IPO Lead Manager(s)

United Heat Transfer Ltd.

Swastika Investmart Ltd.

Registrar Info

United Heat Transfer Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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