United Heat Transfer Limited IPO
United Heat Transfer Limited IPO
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Having completed its public offering, United Heat Transfer Limited's is now listed and trading on the NSE exchange as of 29-10-2024. The IPO raised cumulative capital of 50,84,000 Shares, including 50,84,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹56 to ₹59 and minimum investment requirement of 2000 shares. subscription activity between 22-10-2024 and 24-10-2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 25-10-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
United Heat IPO About Company
United Heat Transfers Limited, incorporated in January 1995, manufactures critical thermal and process equipment including heat exchangers, pressure vessels, and process flow skids used across petrol and diesel engines, marine vessels, mining trucks, and heavy machinery. The company operates two advanced manufacturing facilities in Nashik and, as of July 31, 2024, employs 105 permanent staff supported by 127 contractual workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
United Heat IPO Strength Factors
- Global Presence: Wide customer base across continents reduces market dependence.
- Skilled Workforce: Experienced team supports efficient, high-quality production.
- Strong Compliance: Meets key industry standards, boosting trust and reliability.
United Heat IPO Risk Factors
- Customer Concentration: Heavy reliance on a few major clients increases the risk of revenue loss if any key customer reduces or ends business.
- Geographic Dependence: Operations concentrated in limited states make the company vulnerable to regional disruptions.
- Country-Specific Exposure: Dependence on a small set of international markets heightens sensitivity to economic or regulatory changes in those countries.
United Heat IPO Lead Manager(s)
- Swastika Investmart Limited
United Heat IPO Promoter(s)
- Mr. Yogesh Vishwanath Patil
- Mr. Vivek Vishwanath Patil
- Mr. Shatanik Vivek Patil
- Ms. Durva Yogesh Patil
United Heat IPO FAQs
United Heat Transfer Limited IPO subscribed 83.91 times. The public issue subscribed 99.18 times in the retail category,26.56times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 7:09:25 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
United Heat IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
United Heat IPO FAQs
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If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .