united cotfab ipo

United Cotfab IPO

Closed RHP

United Cotfab IPO Details

  • Open Date 13-Jun-24
  • Close Date 19-Jun-24
  • Lot Size 2000
  • IPO Size ₹ 36.29 Cr
  • IPO Price Range ₹ 70
  • Min Investment ₹ 140,000
  • Listing Exchange BSE SME
  • Basis of Allotment 20-Jun-24
  • Refunds 21-Jun-24
  • Credit to Demat Account 21-Jun-24
  • Listing Date 24-Jun-24

United Cotfab IPO Subscription Status

Date QIB NII Retail TOTAL
13-Jun-24 - 0.65 4.59 2.95
14-Jun-24 - 3.20 12.91 8.68
18-Jun-24 - 13.98 32.04 23.66
19-Jun-24 - 114.71 77.22 107.16

United Cotfab IPO Synopsis

Last Updated: 19th June, 2024 by 5paisa

United Cotfab IPO is all set to open from 13th June to 19th June 2024. The company makes high-quality open end yarn. The IPO includes a fresh issue of 5,184,000 shares worth ₹36.29 cr. The share allotment date is 20th June 2024, and the IPO will be listed on 24th June 2024 on the stock exchanges. The price band is ₹70 and the lot size is 2000 shares.    

Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Private Limited is the registrar. 

Objectives of United Cotfab IPO:

United Cotfab Limited plans to utilize the raised capital from the IPO to:

● To fund the working capital requirement.
● General corporate purposes.
● For expenses related to public issues. 

About United Cotfab

Established in 2015, United Cotfab makes high-quality open-end yarn. Its manufacturing facility is based in Village Timba, Taluka Daskroi, Ahmedabad, which is quite close to cotton fields in Saurashtra, Gujarat and Maharashtra. 

The company’s products are used in the textile industry for knitting, weaving, and crocheting.

Peer Comparison

● Lagnam Spintex Limited
● PBM Polytex Limited
● Vippy Spinpro Limited

For More Information:
Webstory on United Cotfab IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 115.29 0.44 -
EBITDA 17.67 0.21 0.016
PAT 12.02 0.21 0.016
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 81.68 53.67 15.59
Share Capital 12.00 9.93 6.81
Total Borrowings 67.79 43.74 8.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities 7.47 -2.32 -6.87
Net cash from / (used in) investing activities -9.05 -31.44 -6.66
Net cash flow from / (used in) financing activities 1.57 33.62 13.49
Net increase (decrease) in cash and cash equivalents -0.01 -0.15 -0.047

United Cotfab IPO Key Points

  • Strengths

    1. The company has the advantage of the strategic location of its manufacturing facility.
    2. It has a scalable business model.
    3. Experienced management team.
     

  • Risks

    1. The company has a limited operating history.
    2. Its operating activity is concentrated in Gujarat & Maharashtra.
    3. It has reported losses in the past.
    4. It has reported negative cash flow in the past.
    5. High working capital requirements.
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

United Cotfab IPO FAQs

When does United Cotfab IPO opens and closes?

United Cotfab IPO opens from 13th June to 19th June 2024.
 

What is the size of United Cotfab IPO?

The United Cotfab IPO size is ₹36.29 cr. 
 

How to apply for United Cotfab IPO?

To apply for United Cotfab IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for United Cotfab IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

You will receive a mandate notification to block funds in your UPI app.
 

What is the price band of United Cotfab IPO?

The price band of United Cotfab IPO is fixed at ₹70 per share. 
 

What is the minimum lot size and investment required for United Cotfab IPO?

The minimum lot size of United Cotfab IPO is 2000 shares and the investment required is ₹1,40,000.
 

What is the allotment date of United Cotfab IPO?

The share allotment date of United Cotfab IPO is 20th June 2024.
 

What is United Cotfab IPO listing date?

The United Cotfab IPO will be listed on 24th June 2024.
 

Who are the book runners for United Cotfab IPO?

Beeline Capital Advisors Private Limited is the book-running lead manager for United Cotfab IPO.
 

What is the objective of United Cotfab IPO?

United Cotfab plans to utilize the raised capital from the IPO to:

● To fund the working capital requirement.
● General corporate purposes.
● For expenses related to public issues.
 

Contact Details of United Cotfab IPO

Contact Information

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/

United Cotfab IPO Register

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

United Cotfab IPO Lead Manager

Beeline Capital Advisors Pvt Ltd

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