United Cotfab Limited IPO (United Cotfab IPO)

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 November 30, 2023, the company has a total of 85 Employees.

United Cotfab IPO – Details

IPO Opening Date13 June 2024
IPO Closing Date19 June 2024
Issue TypeFixed Price Issue IPO
Issue Size51,84,000 Shares Worth ₹36.29 Crore
Fresh Issue: 51,84,000Shares Worth ₹36.29 Crore
Face Value₹10 per equity share
IPO Price₹70 
Market Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtBSE SME
RegisterPurva Sharegistry India Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

United Cotfab IPO – Date Schedule

IPO Open Date13 June 2024
IPO Close Date19 June 2024
Basis of Allotment20 June 2024
Initiation of Refund21 June 2024
Credit of Shares to Demat Account21 June 2024
IPO Listing Date24 June 2024
Cut-off time for UPI mandate confirmation5 PM on June 19, 2024

United Cotfab IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)12,000₹1,40,000
Retail (Maximum)12,000₹1,40,000
HNI (Minimum)24,000₹2,80,000

Competitive Strengths

  • Experienced promoters.
  • Location advantage through their production site.
  • Scalable business model.
  • Optimal use of resources.

Company Promoters

  • Mr. Nirmalkumar Mangalchand Mittal
  • Mr. Gagan Nirmalkumar Mittal

Object Of The Issue

  • To Meet Working Capital Requirements
  • General Corporate Purposes
  • To meet Public Issue Expenses

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20211.06
31 March 20220.010.017.73
31 March 20230.640.430.1338.21
30 September 202355.9652.022.9542.62
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)
EPS (Rs)0.123.43
P/E (x)603.3220.38

United Cotfab IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding69.84%

United Cotfab IPO Prospectus

Company Contact Information

United Cotfab Limited

Survey No. 191, Village-Timba,
Taluka-Dascroi, Timba
Ahmedabad, Dascroi -382425
Phone: +91 987987 4955
Email: info@unitedcotfab.com

United Cotfab IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com

United Cotfab IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

United Cotfab IPO FAQs

United Cotfab IPO FAQs
What is United Cotfab IPO?

United Cotfab IPO is an SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE SME.
When United Cotfab IPO will open?

The IPO is to open on 13 June 2024 for OTHER – 50% and Retails – 50% Investors.
How to United Cotfab IPO?

You can apply for United Cotfab IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the United Cotfab IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “United Cotfab”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the United Cotfab IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “United Cotfab”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is United Cotfab IPO Size?

United Cotfab IPO size is ₹36.29 crores.
What is United Cotfab IPO Price Band?

United Cotfab IPO Price Band is ₹70.
What is United Cotfab IPO Minimum and Maximum Lot Size?

The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000.
What is the United Cotfab IPO Allotment Date?

United Cotfab IPO allotment date is  20 June 2024.
What is the United Cotfab IPO Listing Date?

United Cotfab IPO listing date is 24 June 2024. The IPO is to list on NSE SME.
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