United Heat Transfer IPO subscription started on Tuesday, October 22, and will close on October 24 as per the schedule. The price band is set atā¹56 to ā¹59 Per Share with a face value of ā¹10.
United Heat Transfer IPO Subscription Status
United Heat Transfer IPOĀ Subscribed over 9.19x on its second day till 5.00 PM on 23rd October.
- United Heat Transfer IPO subscription QIB investors portion is 2.61 times, while NII subscribed 7.83 times and RII investors have subscribed 13.56 times.
- The company has received bids for 3,11,88,000 shares against 33,94,000 shares on offer on the second day of subscription.Ā
- United Heat Transfer IPO Subscribed over 9.19x on day 2.
- United Heat Transfer IPO Subscribed over 2.61x on day 1.
About United Heat Transfer
United Heat Transfer Limited was established on 27th January 1995, The company has started making heat exchangers, air-cooled heat exchangers, and pressure vessels for crucial equipment to get petrol and diesel engines, cargo ships, ferries, pleasure boats, marine types of diesel, mining trucks, megayachts, heavy engines, fishing boats, heavy trucks, freighters, trawlers, etc. Availability of labor, water, and power supply are also given by it. Time on delivery, flexibility, and commitment to consumers make it top-notch. Further, the total revenue of this company is 6,019.31 lakhs for FY 2024; wherein export revenue amount is 532.04 lakhs and Indigence Revenue is 5,487.27 lakhs respectively. This company launched a 30.00 crore IPO which has a fresh issue of 50.84 lakh shares.
United Heat Transfer IPO Company Financial Report
The company reported revenue of ā¹64.10 crores in 2024 against ā¹70.40 crores in 2023. The company reported a profit of ā¹6.24 crores in 2024 against a profit of ā¹2.12 crores in 2023.
United Heat Transfer IPO GMP:
United Heat Transfer IPO GMP was ā¹10 as of Wednesday, October 23. That indicates the IPO is trading at ā¹69 with ā¹10 premium in the grey market against the issue price of ā¹59.
