United Cotfab IPO description – United Cotfab manufactures high-quality open-end yarn for the textile industry. The company’s clients include textile manufacturers, garment exporters and distributors. Its product portfolio includes Open End Cotton Yarn and Cotton Yarn.
The company is currently acquiring 7264 sq mtrs of land in Ahmedabad, to establish a manufacturing facility with an annual capacity of approximately 9125 metric tons located near the cotton-rich areas of the Saurashtra region in Gujarat and Maharashtra. The company has established strong relationships with various clients, such as textile manufacturers, garment exporters, and distributors.
As of 31 March 2024, the company has a total of 118 employees.
Promoters of United Cotfab – Mr. Nirmalkumar Mangalchand Mittal, and Mr. Gagan Nirmalkumar Mittal
Table of Contents
United Cotfab IPO Details
| United Cotfab IPO Dates | 13 – 19 June 2024 |
| United Cotfab Issue Price | INR 70 per share |
| Fresh issue | 51,84,000 shares (INR 36.29 crore) |
| Offer For Sale | NIL |
| Total IPO size | 51,84,000 shares (INR 36.29 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,40,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
United Cotfab Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | – | 44.20 | 11,529.41 |
| Expenses | 0.28 | 43.03 | 10,350.59 |
| Net income | 1.60 | 13.93 | 866.65 |
United Cotfab Offer News
- United Cotfab RHP
- United Cotfab Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
United Cotfab Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.02 | 0.14 | 7.97 |
| PE ratio | – | – | 8.78 |
| RONW (%) | 0.23 | 1.40 | 63.89 |
| NAV | 6.63 | 9.65 | 11.30 |
| ROCE (%) | (0.04) | 0.04 | 26.95 |
| EBITDA (%) | – | 2.65 | 15.33 |
| Debt/Equity | 1.13 | 3.85 | 3.42 |
United Cotfab IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 June 2024 | 13 | – | 18,000 |
| 21 June 2024 | 13 | – | 18,000 |
| 20 June 2024 | 20 | – | 23,500 |
| 19 June 2024 | 23 | – | 27,500 |
| 18 June 2024 | 22 | – | 27,000 |
| 17 June 2024 | 20 | – | 24,500 |
| 15 June 2024 | 18 | – | 23,500 |
| 14 June 2024 | 18 | – | 23,500 |
| 13 June 2024 | 18 | – | 23,500 |
| 12 June 2024 | 20 | – | 25,500 |
| 11 June 2024 | 18 | – | 25,000 |
| 10 June 2024 | 18 | – | 25,000 |
| 12 June 2024 | 20 | – | 25,500 |
United Cotfab IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 24,62,000 | 24,62,000 | 49,24,000 |
| 19 Jun 2024 | 137.21 | 77.22 | 107.22 |
| 18 Jun 2024 | 15.39 | 32.11 | 23.75 |
| 14 Jun 2024 | 4.56 | 12.91 | 8.73 |
| 13 Jun 2024 | 1.32 | 4.59 | 2.95 |
The market maker reservation portion of 2,60,000 shares is not included in the above calculations.
United Cotfab IPO Allotment Status
United Cotfab IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
United Cotfab IPO Dates & Listing Performance
| IPO Opening Date | 13 June 2024 |
| IPO Closing Date | 19 June 2024 |
| Finalization of Basis of Allotment | 20 June 2024 |
| Initiation of refunds | 21 June 2024 |
| Transfer of shares to demat accounts | 21 June 2024 |
| IPO Listing Date | 24 June 2024 |
| Opening Price on BSE SME | INR 75 per share (up 7.14%) |
| Closing Price on BSE SME | INR 78.75 per share (up 12.5%) |
United Cotfab Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
United Cotfab Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â + 91- 022-4961 4132
Email:Â [email protected]
Website: www.purvashare.com
United Cotfab Issue Contact Details
UNITED COTFAB LIMITED
Survey No.238, 239, Shahwadi Nr Pirana Octroi Naka,
Narol, Ahmedabad-382405, Gujarat
Phone: +91 987987 4955
E-mail: [email protected]
Website: www.unitedcotfab.com
IPO FAQs
What is the United Cotfab offer size?
United Cotfab’s offer size is INR 36.29 crores.
What is the United Cotfab offer price band?
United Cotfab’s public offer price is INR 70 per share.
What is the lot size of the United Cotfab IPO?
United Cotfab offers a lot size is 2,000 shares.
What is United IPO GMP today?
United Cotfab IPO GMP today is INR 13 per share.
What is the United kostak rate today?
United Cotfab kostak rate today is INR NA per application.
What is United Subject to the Sauda rate today?
United Cotfab is Subject to the Sauda rate today is INR 18,000 per application.
