United Cotfab Limited IPO
BSE SMEListed On: Jun 24, 2024 at ₹ 75.0
₹ 140000 /2000 Shares
Check Allotment13 Jun, 2024
Open Date19 Jun, 2024
Close Date20 Jun, 2024
Allotment Date24 Jun, 2024
Listing DateIssue Price
₹70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Purva Sharegistry India Pvt LtdList Price
75.0Listing Date
2024-06-24Market Lot
2000 Shares (₹140,000/-)Lead Manager
Beeline Capital Advisors Pvt LtdIssue Size
5,184,000 shares(aggregating up to ₹36.29 Cr)Retail Portion
50%Subscription
107.22 timesUnited 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.
United Cotfab Limited IPO Subscription Details
| 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
EPS Pre IPO
₹7.22/-EPS Post IPO
₹5.04/-P/E Pre IPO
9.70P/E Post IPO
13.88ROE
72.76%ROCE
26.95%Debt/Equity
3.42RoNW
63.89%PAT Margin
7.52Price to Book Value
6.19United 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%
- 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
United Cotfab Limited
Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad, Dascroi -382425Purva 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.
