United Heat Transfer IPO Review

United Heat Transfer Limited takes pride in its unwavering commitment to excellence and innovation in the field of heat exchanger equipment. With a team of dedicated professionals at the helm, they ensure that each product meets the highest standards of quality and reliability. United Heat Transfer Limited is poised to grow multi-folds by prioritizing growth factors like innovation, quality, and customer satisfaction above all else.

The Company is led by Promoters, named, MR. YOGESH VISHWANATH PATIL has more than 29 years of experience in the areas of Production, commercial and finance and of Heat Exchanger Industry. MR. VIVEK VISHWANATH PATIL has more than 29 years of experience in the areas of Design, Marketing and Administration. MS. DURVA YOGESH PATIL possesses a total of 8 years of experience, with a notable entrepreneurial background as the proprietor of “BELLO” since July, 2015. MR. SHATANIK VIVEK PATIL possesses overall 2.5 years of experience, currently holding the position of Director at “Uniheat Research and Solutions Private Limited”, a group company, since March 08th, 2022.

The Revenues from operations for the Four months period ended July 31, 2024 and the Fiscals 2024, 2023 and 2022 were ₹2,120.01 lakhs, ₹6,409.55 lakhs, ₹7,040.15 lakhs, and ₹4,796.11 lakhs, respectively. The EBITDA for the Four months period ended July 31, 2024 and the Fiscals 2024, 2023 and 2022 were ₹527.51 lakhs, ₹999.07 lakhs, ₹777.37 lakhs and ₹615.21 lakhs, respectively. The Profit after Tax for the Four months period ended July 31, 2024 and the Fiscals 2024, 2023 and 2022 was ₹242.53 lakhs, ₹623.85 lakhs, ₹211.54 lakhs and ₹152.67 lakhs, respectively.

For the United Heat Transfer IPO, the company is issuing shares at a pre-issue EPS of ₹4.89 and a post-issue EPS of ₹3.28. The pre-issue P/E ratio is 12.06x, while the post-issue P/E ratio is 17.98x against the Industry P/E ratio is 30.38x. The company's ROCE for FY24 is 31.77% and RoE for FY24 is 30.62%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of United Heat Transfer showing potential listing gains of 32%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the United Heat Transfer Limited IPO for Listing gain or long term investment purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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