United Cotfab Limited IPO Detail
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.
Company Promoters
Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.IPO Details
| IPO Opening Date | Jun 13, 2024 |
| IPO Closing Date | Jun 19, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹36.29 Cr |
| Fresh Issue | ₹36.29 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.65x | 4.59x | 2.95x |
| Day 2 | 0.00x | 0.00x | 0.00x | 3.20x | 12.91x | 8.68x |
| Day 3 | 0.00x | 0.00x | 0.00x | 13.98x | 32.04x | 23.66x |
| Day 4 | 0.00x | 0.00x | 0.00x | 114.71x | 77.22x | 107.16x |
IPO Tentative Timetable
The United Cotfab Limited IPO open date is Jun 13, 2024, and the close date is Jun 19, 2024. The issue may list on Jun 24, 2024.
| IPO Open Date | Jun 13, 2024 |
| IPO Close Date | Jun 19, 2024 |
| Basis of Allotment Date | Jun 20, 2024 |
| Initiation of Refunds | Jun 21, 2024 |
| Credit of Shares to Demat Account | Jun 21, 2024 |
| IPO Listing Date | Jun 24, 2024 |
IPO Lot Size
The United Cotfab Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.84% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 107.10 | -0.11 | |
| 31-Mar-22 | 1559.95 | 1.88 | 1.60 |
| 31-Mar-23 | 5367.71 | 64.02 | 13.93 |
| 30-Sep-23 | 7470.82 | 5596.72 | 295.18 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
- To meet Public Issue Expenses
United Cotfab Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
United Cotfab Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
United Cotfab Limited
Survey No. 191, Village-Timba,
Taluka-Dascroi, Timba
Ahmedabad, Dascroi -382425
