United Cotfab
United Cotfab Info
Details about the United Cotfab IPO. Opening Date of United Cotfab is 13 Jun 24 and Closing Date is 19 Jun 24 . Face Value of Each share of United Cotfab is ₹10 per share. Fixed price of United Cotfab is ₹70. The Lot size of United Cotfab is 2,000 shares. Total issue size of United Cotfab IPO is ₹36.29 cr. Fresh Issue of United Cotfab IPO is 36.29 cr. This is a Fixed Price Issue IPO. Expected to list on BSE SME. Share Holding Pre Issue of United Cotfab is 12,006,000. Share Holding Post Issue of United Cotfab is 17,190,000.
Business Summary
United Cotfab is engaged in the manufacturing of high-quality open end yarn catering to the textile industry.United Cotfab follows a systematic approach that includes raw material selection, blending (if required), spinning, winding, and quality control.
Company was in the process acquisition of land admeasuring area of 7264 sq mtrs located at Village Timba, Taluka Daskroi, Ahmedabad, for setting up Manufacturing facility having an installed capacity of approx 9125 (MT) per annum
United Cotfab IPO Details
| Open Date | 13 Jun 24 |
|---|---|
| Close Date | 19 Jun 24 |
| Face Value | ₹10 per shares |
| Price | ₹70 |
| Lot Size | 2,000 Shares |
| Total issue Size | 5,184,000 Shares ₹36.29 cr |
| Fresh Issue | 5,184,000 Shares ₹36.29 cr |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share Holding Pre Issue | 12,006,000 |
| Share Holding Post Issue | 17,190,000 |
| Market Maker | Spread X Securities |
| Market Maker Portion | 260,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
United Cotfab IPO Timeline
The United Cotfab Initial Public Offering (IPO) is set to open on 13 Jun 24 and will end its subscription phase on 19 Jun 24. You can check your allotment status for United Cotfab on 20 Jun 24. The refund process for your funds will start promptly on 21 Jun 24. United Cotfab IPO credit of shares will be on 21 Jun 24. The listing date for United Cotfab is on 24 Jun 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
United Cotfab IPO Reservation
The United Cotfab IPO reserves shares for different investor categories. Approximately 50% of the Net issue will be available for NII, 50% of the Net issue will be available for Retail,
260,000 Shares will be reserved for subscription by Spread X Securities
| Investor Category | Shares Offered |
|---|---|
| NII | 50% of the Net issue |
| Retail | 50% of the Net issue |
United Cotfab IPO Lot Size
Bids can be made for minimum of 2000 shares and in multiple of 2000 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 140,000 |
| Retail (Max) | 1 | 2,000 | 140,000 |
| HNI (Min) | 2 | 4,000 | 280,000 |
United Cotfab IPO Promoters Holding
Promoters holding details for United Cotfab in the current issue is as follows: The share holding of promoters before the issue stands at 100%, and after the issue, it has been adjusted to 69.84%.
Promoters of United Cotfab are Mr. Nirmalkumar Mangalchand Mittal, Mr. Gagan Nirmalkumar Mittal,
| Share Holding Pre Issue | 100% |
|---|---|
| Share Holding Post Issue | 69.84% |
United Cotfab Financial Information
Financial performance details for United Cotfab over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Mar 24 | 31 Dec 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|---|
| Assets | 8,168.46 | 678.71 | 585.93 | 538.47 | 185.07 |
| Revenue | 11,552.74 | 497.1 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 866.65 | 65.71 | 23.4 | -21.09 | 7.53 |
United Cotfab IPO Key Performance Indicator
Key Performance Indicators (KPIs) for United Cotfab are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 9.7 |
| ROE | 72.76% |
| RoNW | 63.89 |
| EPS (Rs) | 7.22 |
Object of the Issue
- • To Meet Working Capital Requirements
- • General Corporate Purposes
- • To meet Public Issue Expenses
Contact Details for United Cotfab
Phone
Office
Survey No. 191, Village-Timba, Taluka-Dascroi, Timba Ahmedabad, Dascroi -382425
Registrar Details for United Cotfab
Purva Sharegistry India Pvt Ltd
Phone
Office
Unit No. 9, Ground Floor, Shiv Shakti Ind. Estt, J. R. Boricha Marg, Lower Parel East, Mumbai, Maharashtra 400011
Lead Manager
- • Beeline Capital Advisors Pvt Ltd