Contents
- 1 Table of Contents
- 2 United Cotfab IPO Details
- 3 United Cotfab IPO Dates
- 4 United Cotfab IPO Lot Size
- 5 United Cotfab IPO GMP Today
- 6 United Cotfab Limited IPO Subscription Status
- 7 United Cotfab IPO Allotment Status
- 8 Know About Company
- 9 Promoters Holding
- 10 Objects of the Issue IPO
- 11 United Cotfab Limited Financial Report (Restated)
- 12 KPI Of United Cotfab Limited
- 13 Peer Group
- 14 Review
- 15 FAQs
United Cotfab IPO Date: United Cotfab IPO opens for subscription on June 13, 2024, and closes on June 19, 2024. The allotment for the Magenta Lifecare IPO is expected on June 20, 2024. United Cotfab IPO going to be listed on BSE SME with a tentative listing date fixed as June 24, 2024.
United Cotfab IPO is a fresh issue of 51.84 lakh shares with a fixed price of ₹70 per share. The value of the total fresh issue is Rs 36.29 crores.
To apply, retail investors must purchase at least 2000 shares, requiring an investment of at least ₹140,000. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, totalling 8,000 shares, amounting to ₹280,000.
Table of Contents
United Cotfab IPO Details
| Open Date | June 13, 2024 |
| Close Date | June 19, 2024 |
| IPO Size | 51.84 Lakh Shares (aggregating up to ₹36.29 Cr) |
| Fresh Issue | 5184000 Shares of ₹10 Face Value |
| Face Value | ₹10 per share |
| IPO Price Band | ₹72 |
| IPO Listing on | BSE SME |
| Lot Size | 2000 Shares |
| OFS | N.A. |
| Share Offered to Retail | 50% of the total issue share |
| Share Offered to QBI | [.] of the total issue share |
| Share Offered to HNI | 50% of the total issue share |
United Cotfab IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Thursday, June 13, 2024 |
| IPO Close Date | Wednesday, June 19, 2024 |
| Allotment | Thursday, June 20, 2024 |
| Refunds | Friday, June 21, 2024 |
| Shares Credit to Demat | Friday, June 21, 2024 |
| Listing Date | Monday, June 24, 2024 |
United Cotfab IPO Lot Size
| Applicants | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,400 |
| Retail (Max) | 1 | 2000 | ₹140,400 |
| HNI (Min) | 2 | 4000 | ₹280,800 |
United Cotfab IPO GMP Today
The Grey Market Premium (GMP) for United Cotfab BSE SME IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the United Cotfab Limited IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>
United Cotfab Limited IPO Subscription Status
For updates on the subscription status of the United Cotfab IPO, kindly navigate to our “IPO Subscription Status” section in the menu or click the given link. The subscription window for the United Cotfab Limited IPO opens on June 13, 2024.
United Cotfab IPO Allotment Status
You can check the allotment status for the United Cotfab IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number. The allotment can be checked on June 13, 2024.
Know About Company
United Cotfab Limited, established in 2015, is a company that produces high-quality open-end yarn for the textile industry. Their customers consist of textile manufacturers, garment exporters, and distributors.
The company manufactures Open End Cotton and Cotton Yarn, following strict quality standards. They utilize advanced technology and machinery in their production process.
Located in Taluka, Ahmedabad, the company’s manufacturing facility has a yearly production capacity of approximately 9125 metric tons.
For Know More See United Cotfab Limited IPO RHP
Promoters Holding
Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal promote United Cotfab Limited. Before the IPO issue, they held 100.00% of the shares. However, after the issue, their shareholding decreased to 69.84%.
Objects of the Issue IPO
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 Limited Financial Report (Restated)
| Period Ended | 31 September 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets ₹ Lakhs | 7,470.82 | 5,367.71 | 1,559.95 | 107.10 |
| Revenue ₹ Lakhs | 5,596.72 | 64.02 | 1.88 | – |
| Profit After Tax ₹ Lakhs | 295.18 | 13.93 | 1.60 | – 0.11 |
| Net Worth ₹ Lakhs | 1,300.34 | 993.56 | 681.97 | 0.22 |
KPI Of United Cotfab Limited
Here is the KPI (Key Performance Indicator) data for the period ending on 30-Sept-23:
| Particulars | 30-Sept-23 |
|---|---|
| Revenue from Operations (₹ in Lakhs) | 5,584.17 |
| Gross Profit (₹ in Lakhs) | 1,064.79 |
| Gross Profit Margin (%) | 19.07% |
| EBITDA (₹ in Lakhs) | 656.55 |
| EBITDA Margin (%) | 11.76% |
| Profit After Tax (₹ in Lakhs) | 295.18 |
| PAT Margin (%) | 5.29% |
| RoE (%) | 25.74% |
| RoCE (%) | 10.32% |
| Net Fixed Asset Turnover (In Times) | 1.42 |
| Operating Cash Flows (₹ in Lakhs) | 73.66 |
Peer Group
- Lagnam Spintex Limited
- PBM Polytex Limited
- Vippy Spinpro Limited
United Cotfab IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Address: 9 Shiv Shakti Industrial Estate, J.R. Boricha Marg, Near Lodha Excelus, Lower Parel
East, Mumbai – 400 011, Maharashtra, India.
Tel. Number: +91 022 4961 4132 / 3199 8810
Fax- +91 022 2301 2517
Email Id: support@purvashare.com
Investors Grievance Id: newissue@purvashare.com
Website: www.purvashare.com
United Cotfab IPO Book Running Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club,
Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054.
Telephone Number: 079 4840 5357
Email Id: mb@beelinemb.com
Website: www.beelinemb.com
United Cotfab Limited Contact
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 Limited IPO Application Form PDF
To download the United Cotfab IPO application form click on Application Form Download ASBA IPO Forms PDF.
Review
United Cotfab Limited show good performance in pest. May Conider. But before investment do your analyses, or get advice from SEBI registered advisory.
FAQs
When does the United Cotfab Limited IPO open and close for subscription?
Open Date: June 13, 2024 and Close Date: June 19, 2024
What is the price band for the United Cotfab IPO?
IPO Price Band: ₹72 per share
Who are the promoters of United Cotfab Limited?
Promoters: Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.
What are the contact details for United Cotfab Limited?
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/
