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 Date | 13 June 2024 |
| IPO Closing Date | 19 June 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 51,84,000 Shares Worth ₹36.29 Crore Fresh Issue: 51,84,000Shares Worth ₹36.29 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
United Cotfab IPO – Date Schedule
| IPO Open Date | 13 June 2024 |
| IPO Close Date | 19 June 2024 |
| Basis of Allotment | 20 June 2024 |
| Initiation of Refund | 21 June 2024 |
| Credit of Shares to Demat Account | 21 June 2024 |
| IPO Listing Date | 24 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
United Cotfab IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2,000 | ₹1,40,000 |
| Retail (Maximum) | 1 | 2,000 | ₹1,40,000 |
| HNI (Minimum) | 2 | 4,000 | ₹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
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | – | – | – | 1.06 |
| 31 March 2022 | 0.01 | – | 0.01 | 7.73 |
| 31 March 2023 | 0.64 | 0.43 | 0.13 | 38.21 |
| 30 September 2023 | 55.96 | 52.02 | 2.95 | 42.62 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| P/BV | – |
| PAT Margin (%) | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.12 | 3.43 |
| P/E (x) | 603.32 | 20.38 |
United Cotfab IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.84% |
United Cotfab IPO Prospectus
- United Cotfab IPO DRHP
- United Cotfab IPO RHP
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 Website: https://www.unitedcotfab.com/ |
United Cotfab 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 |
United Cotfab IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
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. |
