The United Cotfab Limited date has been confirmed from June 13, 2024 and closes on June 19, 2024. Read the post to learn about United Cotfab Limited IPO GMP.
United Cotfab IPO is a fixed price issue of Rs 36.29 crores. The issue is entirely a fresh issue of 51.84 lakh shares. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
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Key Details Of United Cotfab Limited IPO
Bidding Dates
June 13-19
Price Range
₹70 per share
Face Value
₹10 per share
GMP
₹11
United Cotfab Limited IPO GMP
The United Cotfab Limited IPO GMP is ₹ 11.
IPO Overview
United Cotfab IPO opens for subscription on June 13, 2024, and closes on June 19, 2024. The allotment for the United Cotfab IPO is expected to be finalized on Thursday, June 20, 2024. United Cotfab IPO will be listed on BSE SME with tentative listing date fixed as Monday, June 24, 2024. United Cotfab’s IPO price is ₹70 per share.
United Cotfab Limited IPO Details
| IPO Date | June 13, 2024 to June 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Fresh Issue | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,006,000 |
| Share holding post issue | 17,190,000 |
United Cotfab Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,470.82 | 5,367.71 | 1,559.95 | 107.10 |
| Revenue | 5,596.72 | 64.02 | 1.88 | |
| Profit After Tax | 295.18 | 13.93 | 1.60 | -0.11 |
| Net Worth | 1,300.34 | 993.56 | 681.97 | 0.22 |
| Total Borrowing | 4,262.11 | 3,821.18 | 773.47 | 106.50 |
| Amount in ₹ Lakhs | ||||
United Cotfab Limited IPO Timeline
| IPO Open Date | Thursday, June 13, 2024 |
| IPO Close Date | Wednesday, June 19, 2024 |
| Basis of Allotment | Thursday, June 20, 2024 |
| Initiation of Refunds | Friday, June 21, 2024 |
| Credit of Shares to Demat | Friday, June 21, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
Company Profile
United Cotfab is a manufacturer of high-quality open-end yarn, catering to the textile industry. We have established ourselves as a trusted name in the market with a strong focus on innovation, quality, and customer satisfaction. Our state-of-the-art manufacturing facility and dedicated team ensure that we deliver exceptional products to meet the diverse needs of our clients.
Our company is promoted by Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal. Our promoters have a combined experience of more than 55 years in the field of the cotton textile
industry since 1983. The promoters are in the textile business through group firms, namely “United Polyfab Gujarat Limited,” “United Techfab Private Limited,” “United Polyfab Private Limited,” “Vinod Spinner Private Limited, Vinod Denim Limited, and Vinod Fabrics Private Limited.”.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | [email protected] |
| Website | purvashare.com |
Contact Details
| Name | United Cotfab Limited Limited |
| Phone number | +91 987987 4955 |
| Email ID | [email protected] |
| Website | unitedcotfab.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
United Cotfab Limited IPO FAQs
When United Cotfab IPO will open?
The United Cotfab IPO opens on June 13, 2024 and closes on June 19, 2024.
What is the lot size of United Cotfab IPO?
United Cotfab IPOlot size is 2000 Shares, and the minimum amount required is ₹140,000.
When is United Cotfab IPO listing date?
The United Cotfab IPO listing date is not yet announced. The tentative date of United Cotfab IPO listing is Monday, June 24, 2024.
