IPO

United Cotfab Limited IPO

BSE SME

Listed On: Jun 24, 2024 at ₹ 75.0

₹ 280000 /4000 Shares
*Min Investment

Check Allotment

13 Jun, 2024

Open Date

19 Jun, 2024

Close Date

20 Jun, 2024

Allotment Date

24 Jun, 2024

Listing Date
United Cotfab Limited IPO Issue Details
  • Issue Price ₹70 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 51,84,000 shares(aggregating up to ₹36.29 crore)
  • Fresh Share 51,84,000 shares(aggregating up to ₹36.29 crore)
  • Listing at BSE SME
  • List Price 75.0
  • Listing Date 2024-06-24
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Purva Sharegistry India 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.

ApplicationLotsSharesAmount
Retail (min)12000₹1,40,000
Retail(max)12000₹1,40,000
NII (min) 24000₹2,80,000
United Cotfab Limited IPO Reservation

United Cotfab Limited IPO offers total 5,184,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,462,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered260,000 (5.02%)
Retail Shares Offered2,462,000 (47.49%)
Total Shares Offered5,184,000 (100%)
United Cotfab Limited IPO Documents
DRHP
RHP
United Cotfab Limited IPO Details


United Cotfab Limited IPO is an SME IPO, priced at ₹70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 51,84,000 equity shares, aggregating up to ₹36.29 crores..

The IPO bidding window is open from Jun 13, 2024 to Jun 19, 2024. The allotment is expected to be finalized on Jun 20, 2024, and the tentative listing date is Jun 24, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry India Pvt Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.

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United Cotfab Limited IPO Subscription Analysis And Details
Retail
77.22x
Total
107.22x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,462,0002,462,0004,924,000
Day 1 13-06-24 06:00 PM
0.65 x4.59 x2.95 x
Day 2 14-06-24 06:00 PM
3.20 x12.91 x8.68 x
Day 3 18-06-24 06:00 PM
13.98 x32.04 x23.66 x
Day 4 19-06-24 06:00 PM
137.21 x77.22 x107.22 x
Total No of Applications
1,14,473
United Cotfab Limited Valuations
EPS Pre IPO ₹7.22/-
EPS Post IPO ₹5.04/-
P/E Pre IPO 9.70
P/E Post IPO 13.88
ROE 72.76%
ROCE 26.95%
Debt/Equity 3.42
RoNW 63.89%
PAT Margin 7.52
Price to Book Value 6.19
United Cotfab Limited Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets8,168.465,367.711,559.95
Revenue11,552.7464.021.88
Profit After Tax866.6513.931.60
Net Worth1,356.42993.56681.97
Reserves & Surplus188.10N/AN/A
Total Borrowing4,750.933,821.18773.47
About United Cotfab Limited Company

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.

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United Cotfab Limited - Promoter(s)

Mr. Nirmalkumar Mangalchand Mittal

Mr. Gagan Nirmalkumar Mittal

Pre Issue Share Holding : 100%

Post Issue Share Holding : 69.84%

United Cotfab Limited IPO - Issue Objectives
1

To Meet Working Capital Requirements

2

General Corporate Purposes

3

To meet Public Issue Expenses

United Cotfab Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
United Cotfab Limited0.14N/A9.65517.11.47.25Standalone
Lagnam Spintex Limited5.53N/A53.368.9310.350.93Standalone
Pbm Polytex Ltd.0.43N/A183.75209.120.240.49Standalone
Vippy Spinpro Ltd.18.25N/A121.59.4715.021.42Standalone

Notes:

  1. 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.
  2. Return on Net Worth (%) is computed as net profit after tax divided by the closing net worth.
  3. Net worth has been computed as the sum of share capital and reserves and surplus.
  4. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
  5. 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 Details

United Cotfab Limited

Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad, Dascroi -382425

+91 987987 4955

info@unitedcotfab.com

https://www.unitedcotfab.com/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

+91-022-23018261/ 23016761

support@purvashare.com

https://www.purvashare.com/investor-service/ipo-query