advanced The IPO of United Heat Transfer Limited, which has expertise in heat exchanger devices, is going to be launched on Tuesday, October 22. The company's target from this IPO is to raise about Rs 30 crore in the upper band. The shares of the company 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 each. The company will use the IPO proceeds for working capital requirements, debt repayment and general corporate purposes.
IPO will open for anchor investors on Monday
Bidding for the anchor portion will open on Monday, October 21, 2024. The issue will open to all others from Tuesday, October 22, 2024 and will 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, etc.
Will get help in expansion in many countries
Yogesh Patil, Chairman and Managing Director, United Heat Transfer Limited, said, “We are excited to launch our IPO. This is an important moment for us. This IPO will help us strengthen our partnership with our diverse customers domestically and internationally by expanding into Europe, USA and Asian countries. This allocation will help us serve and work towards the goal of creating the preferred choice for our stakeholders.”
This is the book run and lead manager.
Vivek Patil, Permanent Director, United Heat Transfer Limited, said, “The heat exchanger device industry has found its place and now we have successfully built our customer base globally. Our success can only come from our motivation to strive for excellence in every aspect of our work. With this IPO, we want to expand our initiatives by serving more and more people.” The book running lead manager of the issue is Swastika Investmart Limited.
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