United Cotfab Limited IPO

BSE SME

Listed On: Jun 24, 2024 at ₹ 75.0

₹ 140000 /2000 Shares

Check Allotment

United Cotfab Limited IPO Details

13 Jun, 2024

Open Date

19 Jun, 2024

Close Date

20 Jun, 2024

Allotment Date

24 Jun, 2024

Listing Date

Issue Price

₹70 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

75.0

Listing Date

2024-06-24

Market Lot

2000 Shares (₹140,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

5,184,000 shares(aggregating up to ₹36.29 Cr)

Retail Portion

50%

Subscription

107.22 times

IPO Docs

DRHP RHP

The IPO of United Cotfab Limited is priced at ₹70 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Purva Sharegistry India Pvt Ltd is the registrar of the issue.

United Cotfab Limited IPO bid opening date is from Jun 13, 2024 and the bid closing date was Jun 19, 2024.
United Cotfab Limited IPO allotment result will be available on Jun 20, 2024. The tentative listing date for United Cotfab Limited is Jun 24, 2024.

The total issue size is 5,184,000 shares(aggregating up to ₹36.29 Cr).

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

Total No. of Applications: 1,14,473 (Approx)

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 All values are in ₹ Lakh

	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

About The 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.

United Cotfab Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 69.84%

Company Promoter(s)

Mr. Nirmalkumar Mangalchand Mittal
Mr. Gagan Nirmalkumar Mittal

United Cotfab Limited IPO - Issue Objectives

To Meet Working Capital Requirements
General Corporate Purposes
To meet Public Issue Expenses

Other Details

Company Contact Details

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/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Email: support@purvashare.com

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

United Cotfab Limited IPO - FAQs

Ans. United Cotfab Limited IPO is a SME IPO. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jun 13, 2024, and closes on Jun 19, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The United Cotfab Limited IPO opens on Jun 13, 2024 and closes on Jun 19, 2024.

Ans. The size of United Cotfab Limited IPO is 5,184,000 shares(aggregating up to ₹36.29 Cr).

Ans. The IPO price band is set between ₹70 per equity share.

Ans. To apply for United Cotfab Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find United Cotfab Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of United Cotfab Limited IPO is Jun 20, 2024.

Ans. The United Cotfab Limited IPO will be listed on Jun 24, 2024.

Ans. Follow the steps to check the allotment status for United Cotfab Limited IPO here.