United Heat Transfer Ltd., a company that makes heat exchangers and industrial equipment, is in the spotlight as investors eagerly await the allotment of shares from its recent Initial Public Offering (IPO). The IPO opened for subscription on October 22 and closed on October 24, 2024. Given the strong demand from investors, the allotment status is highly anticipated, with the official announcement expected today, October 25, 2024.
High Demand for Shares
The United Heat Transfer IPO has seen an overwhelming response, being oversubscribed by a significant margin. The total subscription rate was an impressive 83.70 times, with bids received for approximately 28.40 crore equity shares against the offered 33.94 lakh shares. This includes a staggering 98.93 times subscription in the retail category, 26.56 times in the Qualified Institutional Buyers (QIB) category, and an astonishing 124.72 times in the Non-Institutional Investors (NII) category. Such high interest indicates that many investors believe in the company’s growth potential.
How to Check Allotment Status
If you applied for shares in the United Heat Transfer IPO, checking your allotment status is straightforward. Here are several ways you can check your allotment status:
- Link Intime India Private Ltd. (Registrar’s Website):
- Visit the official website: Link Intime.
- Select “United Heat Transfer Limited” from the dropdown menu.
- Choose your application type (PAN, Application Number, DPID, or Account Number).
- Enter the required details.
- Click on the “Search” button to view your allotment status.
- NSE India Website:
- Visit the NSE India website and navigate to the “Investors” section.
- Click on the “IPO Allotment” link.
- Enter your application details.
- Click “Submit” to see your allotment status.
As of today, the Grey Market Premium (GMP) for United Heat Transfer shares is reported at ₹20 per share. This means that in the unofficial grey market, the shares are trading at ₹20 above their issue price. Although the GMP is a good indicator of market sentiment, it should not be relied upon as a definitive predictor of the actual listing price.
Based on the current GMP, the estimated listing price for United Heat Transfer shares could be around ₹79, reflecting a premium of approximately 33.9% over the IPO price of ₹59 per share.
United Heat Transfer is a key player in the manufacturing sector, specializing in heat exchangers, pressure vessels, and other essential industrial equipment. Their products serve various industries, including oil and gas, petrochemicals, power, and pharmaceuticals. The funds raised from the IPO are expected to be used for working capital, expanding manufacturing facilities, and covering general corporate expenses.
Key Dates
- IPO Opening Date: October 22, 2024
- IPO Closing Date: October 24, 2024
- Allotment Date: October 25, 2024
- Listing Date: October 29, 2024
The shares will be listed on the NSE SME platform, marking a significant milestone for the company and its investors.
The United Heat Transfer IPO has attracted significant attention from investors, reflecting confidence in the company’s future prospects. As investors await the allotment status, they are also keenly watching the market trends surrounding this promising IPO.
