United Cotfab Limited IPO
United Cotfab Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹70 per share. The stock debuted at ₹75, delivering a listing gain of 7.1%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,40,000.
United Cotfab Limited IPO
- IPO Dates
- Jun 13, 2024 – Jun 19, 2024
- Price band
- ₹70 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- ₹36.29 Cr
- Lot size
- 2000
- Allotment Date
- Jun 20, 2024
- Listing
- Jun 24, 2024
- Listing At
- BSE SME
IPO timeline
-
Jun 13, 2024
Open Date
Completed
-
Jun 19, 2024
Close Date
Completed
-
Jun 20, 2024
Allotment Date
Completed
-
Jun 24, 2024
Listing Date
Completed
United Cotfab Limited IPO Essentials
United Cotfab Limited IPO Details
United Cotfab Limited IPO is priced at ₹70 per share with a total issue size of 36.29 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹70 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,184,000 shares(aggregating up to ₹36.29 Cr)
- Total issue size
- 51,84,000 shares
(aggregating up to ₹36.29 crore) - Fresh issue
- 51,84,000 shares
(aggregating up to ₹36.29 crore) - Listing at
- BSE SME
- List price
- 75.0
- Listing date
- Registrar
- Purva Sharegistry India Pvt Ltd
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4000 | ₹2,80,000 |
United Cotfab Limited IPO Reservation
United Cotfab Limited IPO reservation details show category-wise allocation of shares. Out of the total 5,184,000 shares, approximately 47.49% for retail investors, and 5.02% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 260,000 (5.02%) | |
| Retail Shares Offered | 2,462,000 (47.49%) | |
| Total Shares Offered | 5,184,000 (100%) |
United Cotfab Limited IPO Analytics
United Cotfab Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
United Cotfab Limited IPO Subscription Status
United Cotfab Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,462,000 | 2,462,000 | 4,924,000 |
|
Day 1
13-06-24 06:00 PM
|
(0.65) x | 4.59 x | 2.95 x |
|
Day 2
14-06-24 06:00 PM
|
(3.20) x | 12.91 x | 8.68 x |
|
Day 3
18-06-24 06:00 PM
|
(13.98) x | 32.04 x | 23.66 x |
|
Day 4
19-06-24 06:00 PM
|
(137.21) x | 77.22 x | 107.22 x |
United Cotfab Limited Valuations
Earnings
- EPS Pre IPO
- ₹7.22/-
- EPS Post IPO
- ₹5.04/-
- P/E Pre IPO
- 9.70
- P/E Post IPO
- 13.88
Returns
- ROE
- 72.76%
- ROCE
- 26.95%
- RoNW
- 63.89%
- PAT Margin
- 7.52
Fundamentals
- Debt / Equity
- 3.42
- Price / Book
- 6.19
United Cotfab Limited Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 8,168.46 | 5,367.71 | 1,559.95 |
| Revenue | 11,552.74 | 64.02 | 1.88 |
| Profit After Tax | 866.65 | 13.93 | 1.60 |
| Net Worth | 1,356.42 | 993.56 | 681.97 |
| Reserves & Surplus | 188.10 | N/A | N/A |
| Total Borrowing | 4,750.93 | 3,821.18 | 773.47 |
United Cotfab Limited Company & Offer Insights
About United Cotfab Limited
United Cotfab Limited, incorporated in 2015, is engaged in manufacturing high-quality open-end yarn for the textile industry. Textile manufacturers, garment exporters, and distributors are the clients of the company.
Open End Cotton Yarn, Cotton Yarn are part of the company's product portfolio.
The manufacturing process of the company follows quality parameters and has high technology and machineries as back up.
The manufacturing facility of the Company is located in Taluka, Ahmedabad. The Manufacturing facility of the company has an installed capacity of approx 9125 (MT) per annum.
As of March 31, 2024, the company has 118 Employees.
United Cotfab Limited Promoter(s)
Mr. Nirmalkumar Mangalchand Mittal, Mr. Gagan Nirmalkumar Mittal are the company's promoters of United Cotfab Limited.
United Cotfab Limited IPO Issue Objectives
- •
- To Meet Working Capital Requirements
- •
- General Corporate Purposes
- •
- To meet Public Issue Expenses
United Cotfab Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| United Cotfab Limited | 0.14 | N/A | 9.65 | 517.1 | 1.4 | 7.25 | Standalone |
| Lagnam Spintex Limited | 5.53 | N/A | 53.36 | 8.93 | 10.35 | 0.93 | Standalone |
| Pbm Polytex Ltd. | 0.43 | N/A | 183.75 | 209.12 | 0.24 | 0.49 | Standalone |
| Vippy Spinpro Ltd. | 18.25 | N/A | 121.5 | 9.47 | 15.02 | 1.42 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the BSE and NSE on March 31, 2023, divided by the Basic EPS.
- Return on Net Worth (%) is computed as net profit after tax divided by the closing net worth.
- Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
- The face value of Equity Shares of our Company is ₹10 per Equity Share and the Issue price is 7.00 times the face value of the equity share.
Contact Information
Contact Details
United Cotfab Limited
+91 987987 4955
Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad, Dascroi -382425
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Frequently Asked Questions
Click any question to reveal the answer
United Cotfab Limited IPO is a Fixed Priced IPO worth ₹36.29 crore. The issue price is ₹70 per share (fixed price). The IPO opens on Jun 13, 2024 and closes on Jun 19, 2024. It will be listed on BSE SME Platform. Purva Sharegistry India Pvt Ltd is the registrar.
The issue price of United Cotfab Limited IPO is ₹70 per share (fixed price).
The lot size of United Cotfab Limited IPO is 2000 shares.
The minimum investment for United Cotfab Limited IPO is approximately ₹1,40,000 based on the issue price .
United Cotfab Limited IPO opens on Jun 13, 2024 and closes on Jun 19, 2024.
The allotment date of United Cotfab Limited IPO is Jun 20, 2024.
United Cotfab Limited IPO is expected to be listed on Jun 24, 2024, on BSE SME Platform.
United Cotfab Limited IPO valuation snapshot: P/E 13.88, EPS ₹5.04/-, P/B 6.19, RoNW 63.89%, and market cap N/A.
To apply for United Cotfab Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of United Cotfab Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for United Cotfab Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check United Cotfab Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the United Cotfab Limited IPO allotment status on IPO Ji for quick and easy access.