United Cotfab IPO Details: The United Cotfab IPO is scheduled to open on June 13 and close on June 19. This BSE SME IPO aims to raise ₹36.29 crores, with a price band set at ₹70 per share and a market lot of 2000 shares.
United Cotfab specializes in producing high-quality open-end yarn for the textile industry. Their manufacturing process adheres to stringent quality standards, supported by advanced technology and machinery. The process encompasses careful raw material selection, blending (when necessary), spinning, winding, and rigorous quality control.
Between the financial years 2020 and 2023, United Cotfab was engaged in acquiring land measuring 7264 square meters in Village Timba, Taluka Daskroi, Ahmedabad. This acquisition was for setting up a manufacturing facility with an approximate installed capacity of 9125 MT per annum. Strategically located near the rich cotton-growing regions of Gujarat’s Saurashtra and Maharashtra, the company began cotton yarn production in April 2023. The facility is outfitted with modern, automated machinery, enhancing productivity and profitability through advanced technology and efficient labor use. United Cotfab’s technical team is proficient in contemporary spinning technology and processing techniques, ensuring the production of high-quality yarn.
The company has implemented a comprehensive quality management system that oversees every stage of production. They conduct thorough testing and inspection of raw materials, intermediate products, and final yarns to meet specified standards. United Cotfab is committed to sustainable manufacturing practices and environmental responsibility, designing processes to minimize waste, conserve energy, and reduce environmental impact.
With a strong client base that includes textile manufacturers, garment exporters, and distributors, United Cotfab has built robust relationships. Their dedication to quality, reliability, and timely delivery has fostered long-term partnerships with their customers.
United Cotfab IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
- To meet Public Issue Expenses
United Cotfab IPO Review (Apply or Not)
- Update Soon
United Cotfab IPO Date & Price Band Details:
| IPO Open: | June 13, 2024 |
| IPO Close: | June 19, 2024 |
| IPO Size: | Approx ₹36.29 Crores, 5,184,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹70 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
United Cotfab IPO Lot Size:
The minimum market lot for the United Cotfab IPO is 2000 shares, requiring an application amount of ₹140,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
United Cotfab IPO Timeline:
The United Cotfab IPO is set to open on June 13 and will close on June 19. The allotment date for the IPO is June 20, and it is expected to list on June 24.
| IPO Open Date: | June 13, 2024 |
| IPO Close Date: | June 19, 2024 |
| Basis of Allotment: | June 20, 2024 |
| Refunds: | June 21, 2024 |
| Credit to Demat Account: | June 21, 2024 |
| IPO Listing Date: | June 24, 2024 |
United Cotfab IPO GMP Today:
The latest Grey Market Premium (GMP) for the United Cotfab SME IPO is ₹21. With the IPO price band set at ₹70 per share, the estimated listing price is projected to be ₹91 (calculated as the cap price plus today’s GMP). This suggests an expected percentage gain of approximately 30% per share.
United Cotfab Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹- | ₹0 | ₹0.00 |
| 2022 | ₹0.02 | ₹0 | ₹0.02 |
| 2023 | ₹0.64 | ₹0.43.03 | ₹0.14 |
| March 2024 | ₹115.53 | ₹103.51 | ₹8.67 |
United Cotfab IPO Valuation – FY2023
Check United Cotfab IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.97 per Equity Share |
| Price/Earning P/E Ratio: | 0.14 |
| Return on Net Worth (RoNW): | 1.40% |
| Net Asset Value (NAV): | ₹9.65 per Equity Share |
Peer Group
- Lagnam Spintex Limited
- PBM Polytex Limited
- Vippy Spinpro Limited
Company Promoters
- Mr. Nirmalkumar Mangalchand Mittal
- Mr. Gagan Nirmalkumar Mittal
United Cotfab IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/
United Cotfab IPO Allotment Status
Check United Cotfab IPO allotment status on Purva Sharegistry website URL. Click Here
United Cotfab IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
United Cotfab Limited
Survey No. 191, Village-Timba,
Taluka-Dascroi, Timba
Ahmedabad, Dascroi -382425
Phone: +91 987987 4955
Email: info@unitedcotfab.com
Website: https://www.unitedcotfab.com/
United Cotfab IPO FAQs:
- What is the United Cotfab IPO? The United Cotfab IPO is an initial public offering (IPO) issued by United Cotfab Limited, a company engaged in the manufacturing of high-quality open-end yarn for the textile industry.
- When will the United Cotfab IPO open and close? The United Cotfab IPO is scheduled to open on June 13 and close on June 19.
- What is the price band for the United Cotfab IPO? The price band for the United Cotfab IPO is set at ₹70 per share.
- What is the minimum market lot for the United Cotfab IPO? The minimum market lot for the United Cotfab IPO is 2000 shares.
- How much is the application amount for the United Cotfab IPO? The application amount for the United Cotfab IPO is ₹140,000 for the minimum market lot of 2000 shares.
- When is the United Cotfab IPO allotment date? The allotment date for the United Cotfab IPO is scheduled for June 20.
- When is the expected listing date for the United Cotfab IPO? The United Cotfab IPO is expected to list on June 24.
- What is the Grey Market Premium (GMP) for the United Cotfab IPO? As of the latest update , the Grey Market Premium (GMP) for the United Cotfab IPO is ₹21.
- What is the estimated listing price for the United Cotfab IPO? Based on the price band and the Grey Market Premium, the estimated listing price for the United Cotfab IPO is ₹91 per share.
- What is the expected percentage gain/loss per share for investors in the United Cotfab IPO? The expected percentage gain per share for investors in the United Cotfab IPO is approximately 30%.
