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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 bidding started from June 13, 2024 and ended on June 19, 2024. The allotment for United Cotfab IPO was finalized on Thursday, June 20, 2024. The shares got listed on BSE SME on 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.
Refer to United Cotfab IPO RHP for detailed information.
| IPO Date | June 13, 2024 to June 19, 2024 |
| Listing Date | June 24, 2024 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Fresh Issue | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,006,000 |
| Share holding post issue | 17,190,000 |
| Market Maker portion | 260,000 shares Spread X Securities |
United Cotfab IPO offers 5,184,000 shares. 2,462,000 (47.49%) to NII, 2,462,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 260,000 (5.02%) |
| Other Shares Offered | 2,462,000 (47.49%) |
| Retail Shares Offered | 2,462,000 (47.49%) |
| Total Shares Offered | 5,184,000 (100%) |
United Cotfab IPO opens on June 13, 2024, and closes on June 19, 2024.
| IPO Open Date | Thursday, June 13, 2024 |
| IPO Close Date | Wednesday, June 19, 2024 |
| Basis of Allotment | Thursday, June 20, 2024 |
| Initiation of Refunds | Friday, June 21, 2024 |
| Credit of Shares to Demat | Friday, June 21, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 69.84% |
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.
United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,168.46 | 5,367.71 | 1,559.95 | 107.10 |
| Revenue | 11,552.74 | 64.02 | 1.88 | |
| Profit After Tax | 866.65 | 13.93 | 1.60 | -0.11 |
| Net Worth | 1,356.42 | 993.56 | 681.97 | 0.22 |
| Reserves and Surplus | 188.10 | |||
| Total Borrowing | 4,750.93 | 3,821.18 | 773.47 | 106.50 |
| Amount in ₹ Lakhs | ||||
The market capitalization of United Cotfab IPO is Rs 120.33 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 72.76% |
| ROCE | 26.95% |
| Debt/Equity | 3.42 |
| RoNW | 63.89% |
| P/BV | 6.19 |
| PAT Margin (%) | 7.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.22 | 5.04 |
| P/E (x) | 9.7 | 13.88 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company that was primarily a trader in fabrics went on stream for manufacturing cotton yarn in April 2023, and thus has just one full year performance. The year marked boosted top and bottom lines that not only raise eyebrows, but also concern over its sustainability, being a highly competitive and fragmented segment. Based on FY24 super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the long term. Read detail review...
The United Cotfab IPO is subscribed 107.16 times on June 19, 2024 6:19:05 PM. The public issue subscribed 77.22 times in the retail category, times in the QIB category, and 114.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 114.71 |
| Retail | 77.22 |
| Total | 107.16 |
Total Application : 114,473 (92.99 times)
| Listing Date | June 24, 2024 |
| BSE Script Code | 544195 |
| NSE Symbol | |
| ISIN | INE0S0I01011 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹70.00 |
| ₹75.00 |
| ₹75.00 |
| ₹78.75 |
| ₹78.75 |
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Check our SME IPO Guide 
United Cotfab IPO is a SME IPO of 5,184,000 equity shares of the face value of ₹10 aggregating up to ₹36.29 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on June 13, 2024, and closes on June 19, 2024.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in United Cotfab IPO using UPI as a payment gateway. Zerodha customers can apply in United Cotfab IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in United Cotfab IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The United Cotfab IPO opens on June 13, 2024 and closes on June 19, 2024.
United Cotfab IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in United Cotfab IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for United Cotfab IPO will be done on Thursday, June 20, 2024, and the allotted shares will be credited to your demat account by Friday, June 21, 2024. Check the United Cotfab IPO allotment status.
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