United Cotfab Limited IPO Message Board (Page 3)

48. SOAM | Link | Bookmark | June 19, 2024 3:12:42 PM

Top Contributor (900+ Posts, 100+ Likes)

Avoiding this scrip.

47. Social.Ghost | Link | Bookmark | June 19, 2024 3:03:35 PM

BTW, What is the latest GMP on this counter.

47.1. Old.Fox | Link | Bookmark | June 19, 2024 3:11:55 PM

IPO Mentor (800+ Posts, 400+ Likes)

11/=

46. Palka | Link | Bookmark | June 19, 2024 12:22:05 PM

IPO Mentor (1000+ Posts, 200+ Likes)

Expected Subscription 80 times? Even after fall in GMP?

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46.5. Aaashish | Link | Bookmark | June 19, 2024 2:41:19 PM

Top Contributor (200+ Posts, 100+ Likes)

Yeah

I also feel that, surely not a long term bet

What points to the possibility of listing pop

46.6. MuStrFc | Link | Bookmark | June 19, 2024 3:10:14 PM

IPO Guru (2900+ Posts, 2300+ Likes)

Promoter experience, some in business and more so in pricing and listing of its company shares, tools used by promoters to price the issue, and their choice of LM to manage the issue.

Business is less unique but the ask price is in-line with that currently. Govt impetus can do good if something is brought in the new parliament session or the budget @Aaashish

45. Ishq With Risk | Link | Bookmark | June 19, 2024 2:53:01 PM

Top Contributor (300+ Posts, 100+ Likes)

Applied 6 lot 5 application

44. Palka | Link | Bookmark | June 19, 2024 9:10:17 AM

IPO Mentor (1000+ Posts, 200+ Likes)

Applied 17 lots application. Please join

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44.3. Rashid Cherukat | Link | Bookmark | June 19, 2024 2:33:26 PM

can you enlighten me on th advantage of someone joining on same number of lots?

44.4. InsiderIPO | Link | Bookmark | June 19, 2024 2:45:48 PM

For lottery to happen in any number of lot application, you need some minimum required applications (this depends on overall subscription level). So if any lot application doesn't pass this threshold it will not go for lottery & no one will be allotted any shares.

43. GAUTAM GOYAL | Link | Bookmark | June 19, 2024 1:55:13 PM (200+ Posts)

Experts and IPO Gurus..Please give final verdict...too apply or skip?

43.1. Vivekk | Link | Bookmark | June 19, 2024 2:24:38 PM

This IPO is only for risk takers, apply only if you are ready to lose money as there is a possibility of negative listing

42. Jsca | Link | Bookmark | June 19, 2024 2:22:42 PM

Top Contributor (500+ Posts, 100+ Likes)

Applied
4/3/1/1🤞

41. ~~Aman Soni~~ | Link | Bookmark | June 19, 2024 1:55:20 PM

GMP 11/- (15%)

40. Ankur Goel | Link | Bookmark | June 19, 2024 12:12:19 PM

IPO Guru (1300+ Posts, 600+ Likes)

How to cancel asba bid in kotak bank. I am not able to see cancel application option

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40.3. HumorHedge | Link | Bookmark | June 19, 2024 1:00:16 PM (200+ Posts)

@Ankur Goel HNI application can't be cancelled.

40.4. 🔥Black Rock 🔥 | Link | Bookmark | June 19, 2024 1:45:56 PM

Top Contributor (300+ Posts, 100+ Likes)

Apply one more application in retail and it it automatically rejected due to multiple applications using same pan no.

39. Squareb | Link | Bookmark | June 19, 2024 1:00:32 PM (200+ Posts)

Though the LM is good but the company and the sector doesn't invoke much confidence. GMP is also on decline. Thinking about withdrawing my applications.

38. Anshujii | Link | Bookmark | June 19, 2024 11:42:49 AM

Top Contributor (700+ Posts, 100+ Likes)

Gmp down Jaa Raha hai..still stuck in piotex..risky bet

37. Shashi Goel | Link | Bookmark | June 18, 2024 7:42:56 PM

Can anyone guide me how the issue is subscribed 34.85x in term of no of applicatios, when the total issue is subscribed 23.66x.

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37.3. Sanchit Jain | Link | Bookmark | June 19, 2024 9:16:28 AM

IPO Mentor (600+ Posts, 200+ Likes)

Yes it is allowed but both applications will be rejected on technical ground..

37.4. PiyushGupta | Link | Bookmark | June 19, 2024 10:59:07 AM

May be this is how subscriptions are manipulated to misguide investors....

36. Palka | Link | Bookmark | June 18, 2024 4:41:53 PM

IPO Mentor (1000+ Posts, 200+ Likes)

@MuStrFc Are you applying here?

36.1. MuStrFc | Link | Bookmark | June 18, 2024 8:00:12 PM

IPO Guru (2900+ Posts, 2300+ Likes)

Applying for listing and some post listing if allotted. @Palka

35. R.R.R | Link | Bookmark | June 18, 2024 3:32:43 PM

Hello @Gaurav DD dimer @rohiitian

Are you guys applying ?

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35.1. Gaurav DD dimer | Link | Bookmark | June 18, 2024 7:08:04 PM

IPO Mentor (1200+ Posts, 400+ Likes)

I am applying it, but not confident.
Doesn't interested in the sector, so if alloted, will take a exit on listing day itself.

35.2. rohiitian | Link | Bookmark | June 19, 2024 2:52:32 PM

IPO Guru (1200+ Posts, 800+ Likes)

@R.R.R Have applied here FF - most things are actually good here (experienced promoters, they care about share price clearly if you look at sebi issue, some uniqueness in biz model focusing on recycling yarn with unique machinery, plus Beeline), but promoter made one statement saying he will give 5-10% growth in topline and PAT in FY25 (combined with no immediate capex visibility). That is the main risk, but GPES chance of allotment is slim, so focusing here.

35.3. PLAZA | Link | Bookmark | June 19, 2024 4:02:48 PM

IPO Guru (2400+ Posts, 1300+ Likes)

@rohiitian finally applied in this also .

35.4. GrayIsTheNewBlack | Link | Bookmark | June 19, 2024 4:20:21 PM

IPO Guru (2700+ Posts, 1800+ Likes)

@rohiitian - How much max P/E are you willing to give for 5-10% growth ?
My thinking is around 20% listing gain in this one vs well above 100% in GP Eco.
Was confused on which direction to go for, took the risk of either getting above 100% or 0%

35.5. rohiitian | Link | Bookmark | June 19, 2024 4:27:56 PM

IPO Guru (1200+ Posts, 800+ Likes)

@GrayIsTheNewBlack From what I hear, Cotfab is planning some capex with debt, and the interview was given by promoter who isn't involved day to day. So it's basically very conservative, but I'm assuming most investors will only have that info so likely to be priced as such.

Feel that it can give 10-20% gain (15 PE bare minimum - even Piotex has settled here), and some peers are as high as 22-23 PE, so i think 15 PE it should safely hit.

GP Eco have applied 30-35 lots as well in total, but chances are next to zero there.

35.6. svh | Link | Bookmark | June 19, 2024 8:59:03 PM

IPO Guru (2600+ Posts, 3700+ Likes)

@GrayIsTheNewBlack Sir , kindly request you if you can reply to my query in post no. 39 below. Thanks

🙏👍

35.7. GrayIsTheNewBlack | Link | Bookmark | June 19, 2024 11:45:07 PM

IPO Guru (2700+ Posts, 1800+ Likes)

@svh - Replied Sir.
Sorry, it got overlooked as I was on a holiday.

35.8. svh | Link | Bookmark | June 20, 2024 11:29:46 AM

IPO Guru (2600+ Posts, 3700+ Likes)

@GrayIsTheNewBlack sir , thanks for your reply.
I think @Monster Zero was very much aware about such things.
Now he is not active on this forum. His last post was in January.

🙏👍

34. Tekwani Mohit | Link | Bookmark | June 18, 2024 5:55:23 PM

anyone joining me with 8 lots?

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34.2. Goverdhan Lal garg | Link | Bookmark | June 19, 2024 12:18:11 PM

applied 8lot

34.3. CA Chayan Vijay | Link | Bookmark | June 20, 2024 8:17:48 PM

Got 0 allotment

33. Palka | Link | Bookmark | June 18, 2024 4:16:47 PM

IPO Mentor (1000+ Posts, 200+ Likes)

GMP 18/- around 25% of the issue price.... Similar to Piotex.... may give some listing gain but it is not good for long term..... Thanks

32. Anuj agarwal | Link | Bookmark | June 18, 2024 10:39:47 AM (300+ Posts)

Company already has one listed company United polyfab.check price history
Superb LM
Promoter with good vision
They have 1 out of only 5 German machines in India
Very good market reputation ( check with some Ahmedabad and surat traders )

31. Pangaj Don't be like me | Link | Bookmark | June 18, 2024 10:16:35 AM (300+ Posts)

Hi @rohiitian ,

Are you applying in this IPO?

30. Palka | Link | Bookmark | June 17, 2024 1:55:47 PM

IPO Mentor (1000+ Posts, 200+ Likes)

Expected NII subscription?

30.1. Nitin oswal | Link | Bookmark | June 18, 2024 12:49:01 AM

IPO Mentor (600+ Posts, 300+ Likes)

100 time

30.2. ManishDwiv | Link | Bookmark | June 18, 2024 6:09:13 PM

Top Contributor (600+ Posts, 200+ Likes)

Minimum 200x

29. Tejas Pandya | Link | Bookmark | June 17, 2024 9:08:29 PM

IPO Guru (3500+ Posts, 2700+ Likes)

Applied 🤞🏼

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29.2. Tejas Pandya | Link | Bookmark | June 18, 2024 12:59:16 PM

IPO Guru (3500+ Posts, 2700+ Likes)

I have applied here in retail..as applied FF in GPS solar..
I am not applying for higher lots as don't want to transfer funds for main board ipo now and then..

29.3. Tejas Pandya | Link | Bookmark | June 20, 2024 10:00:19 PM

IPO Guru (3500+ Posts, 2700+ Likes)

Non allotee 😅