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The IPO of United Heat Transfer Limited, which has expertise in advanced heat exchanger devices, is going to be launched on Tuesday, October 22. The company’s target from this IPO is to raise around Rs 30 crore in the upper band. The company’s shares will be listed on the NSE Emerge platform. The company is issuing 50,84,000 new equity shares at a face value of Rs 10. The company will use the proceeds from the IPO for working capital requirements, repayment of debt, and general corporate purposes.
IPO will open for anchor investors on Monday
The bidding for the anchor portion will open on Monday, October 21, 2024. The issue will open for all others on Tuesday, October 22, 2024, and close on Thursday, October 24, 2024. The company sells heat exchanger equipment such as shell and tube heat exchangers, air-cooled heat exchangers, marine heat exchangers, moisture separators, automatic backflush filters, pressure vessels, and process flow skids.
Expansion in many countries will help.
Y.ogesh Patil, Chairman, and Managing Director, of united Heat Transfer Limited said, “We are excited to launch our IPO. This is a significant moment for us. This IPO will help us strengthen our partnerships with our diverse customers domestically and internationally by expanding in Europe, the USA, and Asian countries. This allotment will help us serve and work towards our goal of becoming the preferred choice for our stakeholders.”
This is the Book Runner Lead Manager
Vivek Patil, Permanent Director, United Heat Transfer Limited said, “The heat exchanger device industry has made its mark and now we have successfully built our customer base globally. Our success can only be attributed to our motivation to strive for excellence in every aspect of our work. With this IPO, we want to expand our initiative by serving more and more people.” The book-running lead manager for this issue is Swastika IInvestmentLimited.
