United Cotfab IPO Review

 
United Cotfab IPO Review

IPO Open Date: June 13, 2024

IPO Close Date: June 19, 2024

IPO Price: ₹70 per share

Lot Size: 2000 Shares

Listing: June 24, 2024

United Cotfab is scheduled to hit the market on June 13, 2024 and close on June 19, 2024. United Cotfab plans to raise around ₹36.29 Cr through an IPO with a sale of up to 5,184,000 equity shares of ₹10 each. The Retail offered 50%, Others Shares Offered 50%.

United Cotfab Limited, established in 2015, specializes in the production of high-quality open-end yarn tailored for the textile industry. Serving a diverse clientele ranging from textile manufacturers to garment exporters and distributors, the company offers a product portfolio comprising Open End Cotton Yarn and Cotton Yarn. With a commitment to upholding stringent quality standards, United Cotfab Limited relies on cutting-edge technology and machinery throughout its manufacturing process.

Situated in Taluka, Ahmedabad, the company's manufacturing facility boasts an impressive installed capacity of approximately 9125 (MT) per annum. As of March 31, 2024, United Cotfab Limited proudly employs a dedicated team of 118 individuals who contribute to the company's success and commitment to delivering top-notch products to its valued customers.

United Cotfab



United Cotfab IPO Details

United Cotfab IPO opens on June 13, 2024, and closes on June 19, 2024. The Listing date for United Cotfab IPO is on June 24, 2024. The price band for IPO is ₹70 per share and lot size of 2000 Shares.

IPO DateJune 13, 2024 to June 19, 2024
Listing DateJune 24, 2024
Price₹70 per share
Lot Size2000 Shares
Issue Size₹36.29 Cr
Face Value₹10 per share

United Cotfab IPO Tentative Timetable

United Cotfab opening date is June 13, 2024 and close date is June 19, 2024. The IPO allotment date is June 20, 2024. The refund initiation of IPO is on June 21, 2024. The credit of shares in demat account is on June 21, 2024. The listing date is on June 24, 2024.

EventDate
IPO OpeningJune 13, 2024
IPO ClosingJune 19, 2024
IPO Allotment DateJune 20, 2024
Refund InitiationJune 21, 2024
Shares Credit to DematJune 21, 2024
Lisiting DateJune 24, 2024

United Cotfab IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹140,000
Retail(Maximum)12000₹140,000
HNI (Minimum)24000₹280,000

United Cotfab IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding69.84%

United Cotfab IPO Review

United Cotfab Ltd. (UCL) has entered the manufacturing sector by venturing into cotton yarn production since April 2023. The company is now set to launch its maiden Initial Public Offering (IPO) of 5184000 equity shares at a fixed price of Rs. 70 per share, aiming to raise Rs. 36.29 cr. The IPO opens for subscription on June 13, 2024, and closes on June 19, 2024. UCL's manufacturing facility, equipped with modern technology, is strategically located near cotton-growing areas in Gujarat and Maharashtra, ensuring a smooth supply chain for production.

The financial performance of UCL has shown significant growth in the last fiscal year, with total income and net profit reaching Rs. 115.53 cr. and Rs. 8.67 cr. respectively in FY24. However, the sudden surge in profitability has raised concerns about the sustainability of margins in the competitive textile industry. UCL's commitment to sustainable manufacturing practices and strong client relationships are positive indicators for long-term growth potential. Investors, especially those well-informed and with surplus funds, may consider parking moderate funds in UCL for the future.

The IPO details reveal that the issue is lead managed by Beeline Capital Advisors Pvt. Ltd., with plans to utilize the proceeds for working capital and general corporate purposes. Post-IPO, the company's market capitalization is estimated to reach Rs. 120.33 cr. The company's prudent dividend policy based on performance and prospects, along with its focus on advanced technology and environmental responsibility, positions UCL as a promising player in the textile manufacturing sector. Potential investors should carefully evaluate the risks and opportunities associated with investing in UCL's IPO to make informed decisions regarding their investment strategy.

United Cotfab IPO Subscription Status (Bidding Details)

Table not found

United Cotfab IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

United Cotfab IPO FAQs

What is United Cotfab IPO?

United Cotfab is issuing 5,184,000 equity shares with a face value of 10 each, totaling up to ₹36.29 Cr. The shares are being offered at a price of ₹70 each, with a minimum order quantity of 2000 shares.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When United Cotfab IPO will open?

United Cotfab will open on June 13, 2024 for QIB, NII, and Retail Investors.

When United Cotfab IPO will end?

United Cotfab will end on June 19, 2024.

What is United Cotfab IPO Size?

United Cotfab IPO size is 36.29 Cr.

What is United Cotfab IPO Price Band?

United Cotfab price band is ₹70 per share.

What is the United Cotfab IPO Allotment Date?

United Cotfab allotment date is June 20, 2024.

What is the United Cotfab IPO Listing Date?

United Cotfab listing date is June 24, 2024. The IPO is to be listed on BSE and NSE.

How to United Cotfab IPO through Zerodha?

To apply for the IPO “United Cotfab” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply United Cotfab IPO through Upstox?

To apply for the IPO “United Cotfab” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check United Cotfab IPO Allotment Status?

For United Cotfab IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is United Cotfab IPO GMP?

You can check out here: United Cotfab IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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