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 at₹56 to ₹59 Per Share with a face value of ₹10.
United Heat Transfer IPO Subscription Status
United Heat Transfer IPO 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.
- 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 ₹64.10 crores in 2024 against ₹70.40 crores in 2023. The company reported a profit of ₹6.24 crores in 2024 against a profit of ₹2.12 crores in 2023.
United Heat Transfer IPO GMP:
United Heat Transfer IPO GMP was ₹10 as of Wednesday, October 23. That indicates the IPO is trading at ₹69 with ₹10 premium in the grey market against the issue price of ₹59.
