United Heat Transfer IPO allotment: How to check share allotment status online on NSE, Link Intime India

United Heat Transfer IPO allotment status: Small and medium enterprise (SME) United Heat Transfer Ltd is scheduled to finalise its IPO share allotment status on Friday, October 25.

The NSE SME issue, which closed for subscription on October 24, received decent demand from investors across categories.

The issue was booked 98.93 times in the retail category, while the non-institutional investors’ (NIIs) portion was subscribed 124.72 times. The qualified institutional buyers’ (QIBs) segment was overbought 26.56 times.

Investors who participated in the subscription can check the IPO share allotment status on the official websites of the issue's registrar, Link Intime India Pvt Ltd, and the NSE.

Steps to check United Heat Transfer IPO share allotment status on Link Intime India

• Visit the official website of Link Intime India at https://www.linkintime.co.in/.
• Scroll to the ‘Investor Services’ tab on top of the home page and click on the ‘Public Issues’ section
• Under the ‘Select Company’ option, choose ‘United Heat Transfer’ from the dropdown menu. In case the name is not visible there, it means that the allotment status has not been finalised yet.
• After selecting the company name, you can enter either your PAN details, IPO application number, Demat account number (DP ID/Client ID) or your account number and IFSC code as a part of the applicant identification process.
• Click on the ‘Submit’ option after you enter one of these four details.
• You would be able to check the allotment status of your application on your screen. In case of successful allotment, the status would also display the number of shares allotted.

Here’s how to check United Heat Transfer IPO allotment status on NSE:

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your user ID and password. It’s mandatory to register on the NSE website to check the IPO allotment status.
• Select United Heat Transfer from the list for company names
• Enter PAN and IPO application number details
• Click on the 'submit' button

United Heat Transfer IPO listing date

Bidders who have been successfully allotted shares can expect them to be credited in their Demat accounts by Monday, October 28. Non-successful bidders can expect the refunds to be initiated on the same day as well. The listing of shares of United Heat Transfer on the NSE Emerge platform is expected on Tuesday, October 29.

The United Heat Transfer IPO was a 100% book-built issue that aimed to raise a total of ₹30 crore. The offer was entirely a fresh issuance of 50.84 lakh shares. The price band of the IPO was fixed at ₹56 to ₹59 per share, while the minimum lot size for an application was 2,000 shares.

United Heat Transfer had also raised ₹8.46 crore from anchor investors before the launch of the IPO. The board of directors at its meeting held on October 21 finalised allocation of 14.34 lakh equity shares to anchor investors at an issue price of ₹59 per share.

About United Heat Transfer

The company had said that it planned to use the issue proceeds towards repayment of debt, to meet incremental working capital requirements and for general corporate purposes.

United Heat Transfers manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids. The company’s products are used in petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery, among other applications.