United Heat Transfer Limited IPO
United Heat Transfer Limited is a well-established player in the manufacturing of heat transfer and process equipment, catering to a broad spectrum of industries since its inception in 1995. The company specializes in the production of a range of critical equipment, including:
i. Shell and Tube Heat Exchangers ii. Air Cooled Heat Exchangers
iii. Pressure Vessels iv. Process Flow Skid Equipment
These products serve as essential components across various applications, particularly for industries relying on powerful engines and machinery. They are integral to the operation of petrol and diesel engines, railway engines, maritime engines, cruise and cargo ships, ferries, mega-yachts, mining trucks, heavy trucks, power generators, super tankers, and off-highway engines, among others.
Expertise and Standards
United Heat Transfer Limited extends its technical expertise to both national and international Original Equipment Manufacturers (OEMs) in the production of Heat Exchangers, Moisture Separators, Pressure Vessels, and Process Flow Skids. The company’s manufacturing processes are in strict adherence to globally recognized standards, including:
i. TEMA (Tubular Exchanger Manufacturers Association)
ii. ASME Section VIII Div. 1 and Div. 2 (Unfired Pressure Vessels)
iii. API 660, 661, NES Standards
Core Strengths
The company’s strength lies in three fundamental aspects:
i. Quality and Craftsmanship: United Heat Transfer Limited is known for its excellent quality, which is reflected in the robust and reliable nature of its products. Each piece of equipment is crafted with meticulous attention to detail, ensuring high durability and performance.
ii. Engineering Expertise: The team consists of skilled engineers who bring years of experience and technical knowledge to the table, ensuring that the products are designed to meet the highest standards of efficiency and safety.
iii. Technological Innovation: United Heat Transfer Limited continuously invests in research and development to introduce innovative solutions. This focus on technological advancements allows the company to cater to evolving customer needs, ensuring it remains at the forefront of the industry.
Overall, United Heat Transfer Limited’s commitment to quality, engineering prowess, and innovative product development has enabled it to build a strong reputation in the market, making it a trusted name among OEMs and end-users alike.
Objects of the United Heat Transfer Limited IPO:
United Heat Transfer Limited IPO Details:
Open Date: | Oct 22 2024 |
Close Date: | Oct 24 2024 |
Total Shares: | 5,084,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 30.00 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 56 - 59 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Oct 29 2024 |
Promoters And Management:
Financials of United Heat Transfer Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
4M-FY25 |
Revenue from Operations | 4,765 | 6,995 | 6,019 | 2,119 |
Other Income | 31 | 45 | 390 | 0.6 |
Total Revenue | 4,796 | 7,040 | 6,410 | 2,120 |
Raw Material Consumption | 3,193 | 3,911 | 3,314 | 915 |
Change in Inventories | -530 | 121 | 70 | 137 |
Employees Benefit Expenses | 527 | 643 | 614 | 239 |
Other Expenses | 960 | 1,543 | 1,022 | 301 |
EBITDA | 647 | 822 | 1,389 | 528 |
OPM (%) | 13.48% | 11.68% | 21.68% | 24.91% |
Depreciation & Amortisation | 121 | 148 | 183 | 66 |
EBIT | 526 | 674 | 1,206 | 463 |
Finance Cost | 296 | 392 | 420 | 144 |
PBT | 215 | 282 | 786 | 319 |
Tax | 62 | 70 | 162 | 76 |
PAT | 153 | 212 | 624 | 243 |
NPM (%) | 3.18% | 3.00% | 9.73% | 11.44% |
No.of Shares | 190.04 | 190.04 | 190.04 | 190.04 |
EPS | 0.80 | 1.11 | 3.28 | 1.27 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
United Heat Transfer Limited | 60 | 6 | 3.28 | 18.0 | 59 | 112 |
Patel Airtemp India Limited | 371 | 15 | 26.98 | 30.4 | 820 | 449 |
The Anup Engineering Limited | 550 | 103 | 52.00 | 49.6 | 2,699 | 5,399 |
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