United Cotfab IPO Details ( United Cotfab Limited IPO Review )
(13 June 2024 – 19 June 2024)
United Cotfab Limited, established in 2015, produces top-quality open-end yarn for the textile industry. Our clients include textile manufacturers, garment exporters, and distributors.
Our products feature Open End Cotton Yarn and Cotton Yarn.
We use advanced technology and machinery to ensure our manufacturing process meets the highest quality standards.
Our manufacturing facility, located in Taluka, Ahmedabad, has an annual capacity of approximately 9125 metric tons.
As of March 31, 2024, we proudly employ 118 dedicated staff members.
United Cotfab Limited Company Product
- Open End Cotton Yarn
- Cotton Yarn
United Cotfab Limited IPO Competitive Strength
- Experienced Promoters
- Location advantage of our manufacturing facility
- Scalable Business Model
United Cotfab IPO Financials Performance ( Results )
United Cotfab Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 107.10 | -0.11 | 0.22 | 106.50 | ||
| 31-Mar-22 | 1,559.95 | 1.88 | 1.60 | 681.97 | 773.47 | |
| 31-Mar-23 | 5,367.71 | 64.02 | 13.93 | 993.56 | 3,821.18 | |
| 31-Mar-24 | 8,168.46 | 11,552.74 | 866.65 | 1,356.42 | 188.10 | 4,750.93 |
Objective of United Cotfab IPO Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
- To meet Public Issue Expenses
United Cotfab IPO Basic Details
| IPO Date | June 13, 2024 to June 19, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Issue Size | 5,184,000 shares of ₹10 (aggregating up to ₹36.29 Cr) |
| Fresh Issue | 5,184,000 shares of ₹10 (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 |
| Company Promoters | Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal |
United Cotfab IPO Reservation
| Market Maker Shares Offered | 5.02% of the Net Issue |
| Other Shares Offered | 47.49% of the Net Issue |
| Retail Shares Offered | 47.49% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
United Cotfab IPO Timetable
United Cotfab IPO will open on June 13, 2024 and close on June 19, 2024. You can join United Cotfab IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 13 June 2024 (Thursday) |
| Closing Date | 19 June 2024 (Wednesday) |
| Basis of Allotment | 20 June 2024 (Thursday) |
| Initiation of Refunds | 21 June 2024 (Friday) |
| Credit of Shares to Demat | 21 June 2024 (Friday) |
| Listing Date | 24 June 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 19 June 2024 |
United Cotfab IPO Lot Size
For retail investors in United Cotfab IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹140,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹140,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| S-HNI (Min) | 2 | 4000 | ₹280,000 |
United Cotfab IPO Promoter Holding
The company’s promoters include Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.84% |
United Cotfab Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 120.33 |
| Earning Per Share (EPS) | ₹7.97 per Equity Share |
| Net Asset Value (NAV) | ₹11.30 per Equity Share |
| P/E Ratio (P/E) (x) | 9.70 |
| Post P/E Ratio (P/E) (x) | 13.88 |
| Return on Net Worth (RoNW) (%) | 63.89 |
| Return on equity (ROE) (%) | 72.76 |
| Return on Capital Employed (ROCE) (%) | 26.95 |
| Debt/Equity Ratio | 3.42 |
| Price/Book Value Ratio | 6.19 |
United Cotfab IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹18 | – | – |
| 12 June 2024 | ₹18 | – | – |
United Cotfab IPO Detail Video:
United Cotfab IPO Subscription Status (Bidding Detail)
The United Cotfab IPO on June 19, 2024 at 7:02:00 PM was subscribed 107.16 times, with the retail category being subscribed 77.22 times, the other category being subscribed 114.71 times.
| Category | Subscription |
| Other | 114.71x |
| Retail | 77.22x |
| Total | 107.16x |
United Cotfab IPO Prospectus
| United Cotfab IPO DRHP | Download |
| United Cotfab IPO RHP | Download |
| United Cotfab IPO Anchor Investors Details PDF | Download |
United Cotfab IPO Rating
| Our Rating | 3.0/5.0 |
United Cotfab Company Contact Information
United Cotfab Limited
Registered Office: Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad, Dascroi -382425, Gujarat, India.
Corporate Office: Survey No.238, 239, Shahwadi Nr Pirana Octroi Naka, Narol, Ahmedabad-382405, Gujarat.
Website: www.unitedcotfab.com
E-Mail: info@unitedcotfab.com
Telephone No: +91 987987 4955
Company Secretary and Compliance Officer: Ms. Muskan Kashyap
Promoters of Our Company: Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal
United Cotfab IPO Registrar
Purva Sharegistry (India) Private Limited
SEBI Registration Number: INR000001112
Address: 9 Shiv Shakti Industrial Estate, J.R. Boricha Marg, Near Lodha Excelus, Lower Parel East, Mumbai – 400011, Maharashtra, India.
Tel. Number: +91 022 4961 4132 / 3199 8810
Fax: +91 022 2301 2517
Email Id: support@purvashare.com
Investors Grievance Id: newissue@purvashare.com
Website: www.purvashare.com
Contact Person: Ms. Deepali Dhuri
CIN: U67120MH1993PTC074079
United Cotfab IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club, Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054.
Telephone Number: 079 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
United Cotfab IPO FAQs
What is the lot size of United Cotfab IPO?
The total size of United Cotfab IPO is ₹120.33 crores and this is a complete fresh Issue.
When will United Cotfab IPO start?
United Cotfab IPO will open from 13 June 2024 and IPO will close on 19 June 2024.
What is the open date of United Cotfab IPO?
United Cotfab IPO will open date from 13 June 2024.
What is the last date ( close date ) of United Cotfab IPO?
United Cotfab IPO will close from 19 June 2024.
What is the price band of United Cotfab IPO?
United Cotfab IPO price band is ₹70.
What is the minimum amount required to apply for United Cotfab IPO?
The minimum investment for retailers to apply for United Cotfab IPO is ₹140,000 and the maximum investment is ₹140,000.
What is going on gray market premium of United Cotfab IPO?
View gray market premium of United Cotfab IPO by Clicking Here
How much is the GMP of United Cotfab IPO?
Watch United Cotfab IPO GMP Today: Click Here
What is the allotment date of United Cotfab IPO?
The allotment date of United Cotfab IPO is 20 June 2024.
How to check allotment status in United Cotfab IPO?
To check the allotment status of United Cotfab IPO, first of all go to the registrar website by clicking here, select your bad United Cotfab IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of United Cotfab IPO?
The listing date of United Cotfab IPO is 24 June 2024.
How much will be the listing gain in United Cotfab IPO?
View listing gain of United Cotfab IPO by Clicking Here
How much time United Cotfab IPO is subscribed?
Total 107.16 times subscribed in United Cotfab IPO out of which 77.22 times subscription was done in retail quota, 114.71 times subscription in other quota.
How to apply for United Cotfab IPO from Upstox?
Click Here to see how to apply for United Cotfab IPO from Upstox. (step by step)
How to apply for United Cotfab PO from Zerodha?
Click Here to see how to apply for United Cotfab IPO from Zerodha. (step by step)
How to apply for United Cotfab IPO from Angle One?
Click Here to see how to apply for United Cotfab IPO from Angle One. (step by step)
