United Cotfab IPO GMP, Review, Price, Allotment

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Last updated on June 19, 2024

United Cotfab IPO GMP

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.

United Cotfab

Promoters of United Cotfab – Mr. Nirmalkumar Mangalchand Mittal, and Mr. Gagan Nirmalkumar Mittal


United Cotfab IPO Details

United Cotfab IPO Dates13 – 19 June 2024
United Cotfab Issue PriceINR 70 per share
Fresh issue51,84,000 shares (INR 36.29 crore)
Offer For SaleNIL
Total IPO size51,84,000 shares (INR 36.29 crore)
Minimum bid (lot size)2,000 shares (INR 1,40,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

United Cotfab Financial Performance

 FY 2022FY 2023FY 2024
Revenue44.2011,529.41
Expenses0.2843.0310,350.59
Net income1.6013.93866.65
Figures in INR Lakhs unless specified otherwise

United Cotfab Offer News


United Cotfab Valuations & Margins

FY 2022FY 2023FY 2024
EPS0.020.147.97
PE ratio8.78
RONW (%)0.231.4063.89
NAV6.639.6511.30
ROCE (%)(0.04)0.0426.95
EBITDA (%)2.6515.33
Debt/Equity 1.133.853.42
*Compiled by IPO Central from Prospectus

United Cotfab IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
19 June 20242327,500
18 June 20242227,000
17 June 20242024,500
15 June 20241823,500
14 June 20241823,500
13 June 20241823,500
12 June 20242025,500
11 June 20241825,000
10 June 20241825,000
12 June 20242025,500

United Cotfab IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered24,62,00024,62,00049,24,000
19 Jun 2024137.2177.22107.22
18 Jun 202415.3932.1123.75
14 Jun 20244.5612.918.73
13 Jun 20241.324.592.95

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 will be available on Purva Sharegistry’s website. Click on this link to get allotment status.


United Cotfab IPO Dates & Listing Performance

IPO Opening Date13 June 2024
IPO Closing Date19 June 2024
Finalization of Basis of Allotment20 June 2024
Initiation of refunds21 June 2024
Transfer of shares to demat accounts21 June 2024
IPO Listing Date24 June 2024
Opening Price on BSE SMEComing soon
Closing Price on BSE SMEComing soon

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[email protected]
Website: 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: + 91- 022-4961 4132
Email: [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 23 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 27,500 per application.

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