United Cotfab IPO Date, Review, Price, Allotment Details

United Cotfab is engaged in the manufacturing of high-quality open-end yarn catering to the textile industry. Their manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery. They follow a systematic approach that includes raw material selection, blending (if required), spinning, winding, and quality control.

During the Financial Year 2020-23, Company was in the process acquisition of land admeasuring area of 7264 sq mtrs located at Village Timba, Taluka Daskroi, Ahmedabad, for setting up a Manufacturing facility having an installed capacity of approx 9125 (MT) per annum. Their Manufacturing facility is close to the rich cotton-growing areas of Saurashtra region of Gujarat and Maharashtra. The Company commenced the production of cotton yarn in April 2023. Their Manufacturing facility is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of the Company. Their technical team in spinning is well equipped with modern spinning technology and processing techniques by which they can ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry. Their experienced team of technicians and operators ensures that every batch of open-end yarn produced meets the highest quality parameters.

They have implemented a comprehensive quality management system that covers every stage of production. They conduct rigorous testing and inspection of raw materials, intermediate products, and final yarns to ensure they meet the specified standards. They are committed to sustainable manufacturing practices and environmental responsibility. Their processes are designed to minimize waste, conserve energy, and reduce the environmental impact. They have built strong relationships with a diverse range of clients, including textile manufacturers, garment exporters, and distributors. Their emphasis on quality, reliability, and timely delivery has helped them establish long-term partnerships with their customers.

Objects of the Issue:

To Meet Working Capital Requirements
General Corporate Purposes
To meet Public Issue Expenses

United Cotfab IPO Review

To be updated soon

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United Cotfab IPO Date & Price Band Details

IPO Open:	June 13, 2024
IPO Close:	June 19, 2024
IPO Size:	Approx ₹36.29 Crores, 5,184,000 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹70 Per Equity Share
IPO Listing on:	BSE SME
Retail Quota:	50% of the net offer
QIB Quota:	[.]% of the net offer
NII Quota:	50% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

United Cotfab IPO Market Lot

The United Cotfab IPO minimum market lot is 2000 shares with a ₹140,000 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	2000	₹140,000
Retail Maximum	1	2000	₹140,000
S-HNI Minimum	2	4000	₹280,000

United Cotfab IPO Dates

The United Cotfab IPO date is June 13 and the IPO close date is June 19. The IPO allotment date is June 20 and the IPO might list on June 24.

IPO Open Date:	June 13, 2024
IPO Close Date:	June 19, 2024
Basis of Allotment:	June 20, 2024
Refunds:	June 21, 2024
Credit to Demat Account:	June 21, 2024
IPO Listing Date:	June 24, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

United Cotfab IPO Form

How to apply United Cotfab IPO? You can apply United Cotfab IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the United Cotfab IPO in the Invest section. The other option you can apply United Cotfab IPO via IPO forms download via the BSE website. Check out the United Cotfab forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

United Cotfab Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2021	₹-	₹0	₹0.00
2022	₹0.02	₹0	₹0.02
2023	₹0.64	₹0.43.03	₹0.14
March 2024	₹115.53	₹103.51	₹8.67

United Cotfab IPO Valuation – FY2023

Check United Cotfab IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹7.97 per Equity Share
Price/Earning P/E Ratio:	0.14
Return on Net Worth (RoNW):	1.40%
Net Asset Value (NAV):	₹9.65 per Equity Share

Peer Group

Lagnam Spintex Limited
PBM Polytex Limited
Vippy Spinpro Limited

Mr. Nirmalkumar Mangalchand Mittal
Mr. Gagan Nirmalkumar Mittal

United Cotfab IPO Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/

United Cotfab IPO Allotment Status

Check United Cotfab IPO allotment status on Purva Sharegistry website URL. Click Here

United Cotfab IPO Lead Managers aka Merchant Bankers

Beeline Capital Advisors Pvt Ltd

Company Address

United Cotfab Limited
Survey No. 191, Village-Timba,
Taluka-Dascroi, Timba
Ahmedabad, Dascroi -382425
Phone: +91 987987 4955
Email: [email protected]
Website: https://www.unitedcotfab.com/

United Cotfab IPO FAQs

What is United Cotfab IPO?

United Cotfab IPO is an BSE SME IPO. They are going to raise ₹36.29 Crores via IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE.

When United Cotfab IPO will open?

The IPO is to open on June 13, 2024 for QIB, NII, and Retail Investors.

What is United Cotfab IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the United Cotfab IPO?

You can apply United Cotfab IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the United Cotfab IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “United Cotfab”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the United Cotfab IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “United Cotfab”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the United Cotfab IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “United Cotfab”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is United Cotfab IPO Size?

United Cotfab IPO size is ₹36.29 crores.

What is United Cotfab IPO Price Band?

United Cotfab IPO Price Band is ₹70 per equity share.

What is United Cotfab IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹140,000.

What is United Cotfab IPO Allotment Date?

United Cotfab IPO allotment date is June 20, 2024.

What is United Cotfab IPO Listing Date?

United Cotfab IPO listing date is June 24, 2024. The IPO to list on BSE SME.

Note: The United Cotfab IPO details are announced officially. The IPO grey market premium (United Cotfab IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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Source: https://ipowatch.in/united-cotfab-ipo-date-review-price-allotment-details/

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