United Heat Transfer Limited IPO Review
Neutral59-59 · SME
✦
Analyst Verdict
United Heat Transfer Limited IPO
Neutral
IPO at a Glance
Price Band
59-59
Issue Size
30cr
Min. Investment
₹1,18,000
Opens
2024-10-20
Closes
2024-10-22
Listing
2024-10-27
Category
SME
Key Strengths
✓The company is registered as an Approved vendor with prestigious companies in the Oil and Petroleum Industry.
✓The company’s manufacturing hub is located in Nashik which is a well-developed industrial area and has been growing in terms of industry setup.
✓Its strength lies in the excellent quality and craftsmanship of its products, the engineering expertise of the team, and the continuous pursuit of developing technologically innovative products.
Key Risks
⚠Nearly 79% of the company’s revenue is dependent on its top 5 clients. The loss of any one or more of these major customers could have a materially adverse effect on the business.
⚠The company generates approximately 95% of its revenue from its top 5 states. The loss of any of these key states could significantly impact business operations.
⚠One of the group companies, which is also a promoter group entity, operates in a similar line of business. Any conflicts of interest between the group companies or promoter group entities could adversely affect the business prospects.
⚠The company has experienced significant working capital requirements in the past and may continue to do so in the future. Insufficient cash flows from operations or an inability to secure borrowing to meet working capital needs could materially and adversely impact the business, cash flows, and operational results.
Frequently Asked Questions
Should I apply for United Heat Transfer Limited IPO?
Based on our analysis, our rating for United Heat Transfer Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of United Heat Transfer Limited IPO?
Nearly 79% of the company’s revenue is dependent on its top 5 clients. The loss of any one or more of these major customers could have a materially adverse effect on the business. The company generates approximately 95% of its revenue from its top 5 states. The loss of any of these key states could significantly impact business operations. One of the group companies, which is also a promoter group
What are the strengths of United Heat Transfer Limited IPO?
The company is registered as an Approved vendor with prestigious companies in the Oil and Petroleum Industry. The company’s manufacturing hub is located in Nashik which is a well-developed industrial area and has been growing in terms of industry setup. Its strength lies in the excellent quality and craftsmanship of its products, the engineering expertise of the team, and the continuous pursuit of
What is the price band of United Heat Transfer Limited IPO?
The price band for United Heat Transfer Limited IPO is 59-59. The IPO has closed.
Full Analysis Available
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