United Cotfab IPO Details
| IPO Size | 36.29 ores |
| Price Range | ₹70 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹140,000 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | 69.84% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
United Cotfab IPO Timelines
13/06/2024
Start Date19/06/2024
End Date21/06/2024
Refund Initiation21/06/2024
Credit of Shares to Demat Ac24/06/2024
Listing DateUnited Cotfab IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 3.20 x | 12.91 x | -- | 8.68 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹75 | ₹78.75 | ₹78.75 | ₹75 |
United Cotfab IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹0.01 | ₹0.00 | ₹0.01 |
| FY 2023 | ₹64.02 | ₹43.03 | ₹0.14 |
| FY 2024 (6M) | ₹55.97 | ₹52.02 | ₹2.95 |
About Company
United Cotfab is engaged in the manufacturing of high-quality open-end yarn catering to the textile industry. They follow a systematic approach that includes raw material selection, blending, spinning, winding, and quality control. Till March 2023, the company was engaged in the business of trading cotton yarn. But then, the company began producing cotton yarn in April 2023. The company’s manufacturing facility is close to the rich cotton-growing areas of the Saurashtra region of Gujarat and Maharashtra. Their processes are designed to minimise waste, conserve energy and reduce the environmental impact.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Textile | Gagan Mittal |
Know Before Investing
United Cotfab IPO Strengths
- The company’s manufacturing facility is situated in the close vicinity of the cotton-rich belt of Gujarat and Maharashtra. The strategic location of the company will help reduce its raw material costs.
- The company intends to cater to the increasing demand of their existing customers and also to increase their existing customer base by enhancing the distribution reach of our products in different parts of the country and also around the world.
United Cotfab IPO Risks
- Their top ten customers contribute 82.79% and 100% of their total revenue from operations for the period ended September 30, 2023, and for the year ended March 31, 2023, respectively.
- Their top ten suppliers contributed 95.67% and 100% of their total purchases for the period ended on September 30, 2023, and the financial year ended on March 31, 2023, respectively.
Swot Analysis for United Cotfab IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Company Details
United Cotfab Limited
Survey No. 191, Village-Timba,
Taluka-Dascroi, Timba
Ahmedabad, Dascroi -382425
Phone: +91 987987 4955
Email: info@unitedcotfab.com
Website: https://www.unitedcotfab.com/
IPO Registar Details
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
FAQs
The key objectives of United Cotfab IPO are:
- To meet working capital requirements.
- General corporate purposes.
- To meet public issue expenses.