United Cotfab Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 12-06-2024 | 18-06-2024 | 10 per share | 70 | 2000 Shares | BSE SME | 5,184,000 shares (aggregating up to ₹36.29 Cr) | 2024-06-19 18:30:00 | 2024-06-20 18:30:00 | 2024-06-20 18:30:00 | 23-06-2024 |
About The Company
United Cotfab IPO is a fixed price issue of Rs 36.29 crores. The issue is entirely a fresh issue of 51.84 lakh shares.
United Cotfab IPO opens for subscription on June 13, 2024 and closes on June 19, 2024. The allotment for the United Cotfab IPO is expected to be finalized on Thursday, June 20, 2024. United Cotfab IPO will list on BSE SME with tentative listing date fixed as Monday, June 24, 2024.
United Cotfab IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the United Cotfab IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for United Cotfab IPO is Spread X Securities.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2024 | 8168 | 11553 | 867 | 1356.42 | 188.1 | 4750.93 |
| 30-03-2023 | 5368 | 64 | 14 | 993.56 | 0 | 993.56 |
| 30-03-2022 | 1560 | 2 | 2 | 681.97 | 0 | 773.47 |
| 30-03-2021 | 107 | 107 | 0.22 | 0 | 106.5 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Non-Institutional Buyers*** | 114.71 |
| Retail Investors | 77.22 |
| Total | 107.16 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 140000 |
| Retail (Max) | 1 | 2000 | 140000 |
| HNI (Min) | 2 | 4000 | 280000 |
IPO Listing Details
| Listing Date | 23-06-2024 |
| BSE Script Code | 544195 |
| NSE Symbol | n/a |
| ISIN | INE0S0I01011 |
| Final Issue Price | 70 |
Promoter holdings
Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.
Contact Information of the Company
Incorporated in 2015, United Cotfab Limited manufactures high-quality open-end yarn for the textile industry. The company's clients include textile manufacturers, garment exporters and distributors.
The company's product portfolio includes Open End Cotton Yarn and Cotton Yarn
The company's manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery.
The manufacturing facility of the Company is situated 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.
IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
IPO Lead Manager
Beeline Capital Advisors Pvt Ltd (Past IPO Performance)