United Cotfab IPO

    United Cotfab IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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    United Cotfab IPO Latest updates:
    The company will enter the market on June 13 and listing is expected to be on 24 June 2024.



    What is the latest GMP of United Cotfab IPO?*
    Latest GMP & Subject to rates: Click

    Check Subscription status of United Cotfab IPO
    On 14 June 2024 @ 5.00 (Day 2) 
    Review: good trend in RII
    NII:           3.20 T
    RII:         12.91 T
    Total:       8.68 T

    Application: 17220 (13.99X)
    Amount wise Subscription: Rs. 314.99 Crore

    What is the business of United Cotfab?

    Till March 2023, the company was engaged in the business of trading of cotton yarn. In April 2023, the Company commenced the manufacturing of open-ended cotton yarn. 

    United Cotfab is engaged in the manufacturing of high-quality open-end yarn catering to the textile industry. Its manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery. It follows 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 Manufacturing facility having an installed capacity of approx 9125 (MT) per annum. Its 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. Its Manufacturing facility is equipped with modern and automatic plant and machinery.

    Get more information about the company @ https://www.unitedcotfab.com/

    United Cotfab IPO Details
    IPO opens on  13 June 2024
    IPO closes on  19 June 2024
    Issue Type Book Built Issue IPO
    Issue Size 5184000 Shares /
    Rs 36.29 Crore
    * Fresh Issue 5184000 Shares /
    Rs 36.29 Crore
    * Offer for Sale  – Shares /
    Rs – Crore
    Market Maker Portion – Shares
    Net offer to Public 5184000 Shares /
    Rs 36.29 Crore
    Face Value per share Rs. 10
    Price Band Rs.70
    Employee discount  Rs. 0 per share
    Retail Lot Size  2000 Shares
    Listing will at  BSE SME
    Shares offered in United Cotfab IPO
      Shares Rs. (Crore)
    QIB (0%)
    NII  (50%) 2592000 18.15
    RII  (50%) 2592000 18.14
    Total Shares  5184000 36.29
    Retail portion will be oversubscribed by  1296
    Forms
    How much Shares to Apply in United Cotfab IPO?
    Min Retail Application 2000 Shares Rs. 140000
    Min HNI Application  4000 Shares Rs.280000

    Who are the Promoters of United Cotfab IPO?
    The Promoters of the company are Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal

    What are the Objects of United Cotfab IPO?

    The Offer comprises of a Fresh Issue of Equity shares 

    The company intends to utilize the proceeds of the Offer to meet the following objects: –

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

    United Cotfab IPO Tentative timetable
    IPO opens on 13 June 2024
    IPO Closes on 19 June 2024
    IPO Allotment on  20 June 2024
    Refund Initiation  21 June 2024
    Credit of Shares 21 June 2024
    Listing on 24 June 2024
    Registered Office of the Company
    United Cotfab Limited
    Survey No. 191, Village-Timba,
    Taluka-Dascroi, Timba
    Ahmedabad, Dascroi -382425

    Who is the Lead Manager of United Cotfab IPO?
    Beeline Capital Advisors Pvt Ltd
    Who is the Registrar to IPO?
    Purva Sharegistry India Pvt Ltd
    United Cotfab IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
    (reworked after Bonus & split) Rs.in Cr Rs.in Crore Rs. %
    2020-21 -0.11 0.00 -51
    2021-22 0.02 0.02 0.02 0.23
    2022-23  0.64 0.14 0.14 1.40
    Book Value of the Share on (reworked after Bonus & split) 31.12.2023 Rs 9.65    
    BV of the Share at cap price after the IPO Rs.     
    Offer Price/upper band   Rs. 70    
    United Cotfab IPO
    Key Performance indicators
    Price/last EPS of 22-23  500
    Price/BV Ratio 7.25
    Upper price/BV after IPO 


    How United Cotfab IPO compares with the Peers?

    As on date of RHP FV Total  PE
      Rs. Income Ratio of
        Rs. In Cr  
    United Cotfab 10     0.44 500
    Lagnam Spintex 10 304.65    9
    PBM Polytex 10 202.00 209
    Vippy Spinpro 10 156.00     9

    # This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    United Cotfab IPO To the point Guidance
    Till March 2023, the company was engaged in the business of trading of cotton yarn. In April 2023, the Company commenced the manufacturing of open-ended cotton yarn. United Cotfab is engaged in the manufacturing of high-quality open-end yarn catering to the textile industry.
    Size:  The net offer is of Rs. 36.29 Crore/5184000 shares. Retail portion is Rs. 18.14 crore and it can get one time subscribed with 1296 applications. The size of the IPO is not very large, looking to the investor frenzy and one time over subscription may not be an issue. 
    Financial Snapshot:
    In April 2023, the Company commenced the manufacturing of open-ended cotton yarn. The IPO is ahead of full-fledged one year operations. Not so attractive.

    Quicklinks


    United Cotfab
    IPO GMP today details

    United Cotfab IPO

    United Cotfab IPO FAQs

    What is United Cotfab IPO?

    United Cotfab IPO is a SME IPO of 5184000 equity shares of the face value of Rs. 10 aggregating up to Rs.36.29 Crores. The issue is priced at Rs.70 per share. The minimum order quantity is 2000 Shares.

    When will United Cotfab IPO open?
    United Cotfab IPO opens on June 13, 2024, and closes on June 19, 2024.

    What is the lot size of United Cotfab IPO?
    United Cotfab IPO lot size is 2000 Shares, and the minimum amount required is Rs.140000.

    How to apply for United Cotfab IPO?
    You can apply in United Cotfab IPO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

    When is United Cotfab IPO allotment?
    The finalization of Basis of Allotment for United Cotfab IPO IPO will be done on 20 June, 2024, and the allotted shares will be credited to your demat account by June 21, 2024.

    When is United Cotfab IPO listing date?
    United Cotfab IPO listing date is June 24, 2024.

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