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United Cotfab SME IPO Details 2024

SME IPO Status: Closed [13th Jun 2024 to 19th Jun 2024]

Rated 3/5 by Team InvestorGain
United Cotfab SME IPO Detail

United Cotfab IPO, a SME IPO of ₹36.29 Cr opens for subscription from 13-06-2024 to 19-06-2024. The IPO consists of ₹36.29 Cr fresh issue.

The face value is Rs 10 and the price band is fixed at 70.00 per share. You can apply to the United Cotfab SME IPO for a minimum lot of 2000 shares amounting of Rs 140000.

The tentative listing date on the exchange (BSE SME) is 24-06-2024.

Stay tuned with us to get more details about United Cotfab SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.

United Cotfab SME IPO Details

SME IPO Issue Opening Date: 13th Jun 2024
SME IPO Issue Closing Date: 19th Jun 2024
SME IPO Issue Price: ₹70.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
IPO Listing At: BSE SME
Retail Quota: 50% of the Net issue
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹36.29 Cr
Fresh Issue: ₹36.29 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 100.00%
Promoter Holding Post IPO: 69.84%
Allotment Status: Allotment Status
BSE Code: 544195

United Cotfab SME IPO Important Dates

Get important updates regarding United Cotfab SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

United Cotfab SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 20th Jun 2024
Refunds Initiation* 21st Jun 2024
Credit of Shares to Demat* 21st Jun 2024
SME IPO Listing Date* 24th Jun 2024

* - Tentative Dates

United Cotfab SME IPO Lots

SME IPO Activity Date
Issue Price ₹70.00
Market Lot: 2000 Shares
1 Lot Amount: ₹140000
Min HNI Lots: 4000 shares (2 lots)

United Cotfab IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
22-06-202470.001319800₹83 (18.57%)23-Jun-2024 0:23
IPO Live GMP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - United Cotfab

United Cotfab Limited was founded in August 2015 and is involved in the production of high-quality open-end yarns for the textile industry. The manufacturing process is subject to stringent quality standards and is supported by advanced technology and machinery. The company follows a systematic approach which includes raw material selection, blending (if required), spinning, winding and quality control.

The production facility is located near the rich cotton growing areas in the Saurashtra region of Gujarat and Maharashtra. The company started production of cotton yarn in April 2023. The production facility is equipped with modern and automated equipment and machinery. The level of advancement determines the productivity of machinery and manpower, which in turn determines the production and profitability of the company.

The raw materials, intermediate products and final yarns are rigorously tested and controlled to ensure that they meet the set standards. The company is committed to sustainable production practices and environmental responsibility. Its processes are designed to minimize waste, save energy and reduce environmental impact. The company has developed close relationships with a wide range of customers, including textile manufacturers, garment exporters and distributors.

United Cotfab SME IPO Strengths

  • Experienced promoters.
  • Location advantage through their production site.
  • Scalable business model.
  • Optimal use of resources.
Incorporation Sector IPO Issue Size Website
2015 Other Textile Products ₹36.29 Cr https://www.unitedcotfab.com/

United Cotfab SME IPO Objective

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purposes
  3. To meet Public Issue Expenses

Our experts can help you prepare for SME IPO

United Cotfab SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 2,462,000 Shares
  • Retail Individual Investor: 2,462,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered2,462,000 (50%)2,462,000 (50%)4,924,000
113th Jun 2024 19:040.65x4.59x2.95x
214th Jun 2024 19:043.20x12.91x8.68x
318th Jun 2024 19:0413.98x32.04x23.66x
419th Jun 2024 18:21114.71x77.22x107.16x

United Cotfab Limited Financial Information (Restated)

United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,168.465,367.711,559.95107.10
Revenue11,552.7464.021.88
Profit After Tax866.6513.931.60-0.11
Net Worth1,356.42993.56681.970.22
Reserves and Surplus188.10
Total Borrowing4,750.933,821.18773.47106.50
Amount in ₹ Lakhs

United Cotfab SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
United Cotfab Limited0.149.65517.11.4Standalone
Lagnam Spintex Limited5.5353.368.9310.35Standalone
Pbm Polytex Ltd.0.43183.75209.120.24Standalone
Vippy Spinpro Ltd.18.25121.59.4715.02Standalone

Company Address

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

United Cotfab SME IPO Registrar

Purva Sharegistry India Pvt Ltd
9, Shiv Shakti Industrial Estate,
JR Borica Marg,
Lower Parel (East), Mumbai - 400 011
Website: https://www.purvashare.com/investor-service/ipo-query
Phone: +91-022-23018261/ 23016761
Email: [email protected]

United Cotfab SME IPO Lead Manager

United Cotfab SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for United Cotfab? Should I apply in United Cotfab SME IPO?

Last Updated on 23-Jun-2024 00:32:52

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase United Cotfab SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply United Cotfab SME IPO with Zerodha.

Alternate approch to apply in United Cotfab SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

United Cotfab SME IPO Review and Important Updates

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Apply in United Cotfab SME IPO online

To subscribe or apply in United Cotfab SME IPO, you can use the following methods:

MethodDetails
United Cotfab SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in United Cotfab SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in United Cotfab SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in United Cotfab SME IPO. Most of the Syndicate Banks provide access to apply in United Cotfab IPO via ASBA process. You must have your net banking access, DP ID information to apply in United Cotfab SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in United Cotfab SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

United Cotfab SME IPO Review and Important Updates

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United Cotfab SME IPO Application is not yet available.

 

United Cotfab SME IPO is going to be list on 24-06-2024. BSE Code for United Cotfab is 544195.

Other relevant questions:

When United Cotfab SME IPO will be listing? United Cotfab SME IPO BSE listing date?United Cotfab SME IPO date of listing

 

United Cotfab SME IPO Allotment Date is 20-06-2024.

Other relevant questions:

United Cotfab SME IPO share allotment date?United Cotfab SME IPO allotment date?

 


User Reviews

4. Pallavi Mali Jun 07 2024 11:02:50 AM Reply
United Cotfab SME IPO expected listing gain.
3. Anisha  Jun 07 2024 11:02:50 AM Reply
Please confirm United Cotfab SME IPO GMP (grey market premium) and kostak.
2. Anuprova Mondal Jun 07 2024 11:02:50 AM Reply
United Cotfab SME IPO good or bad.
1. SANTOSH HODAGE Jun 07 2024 11:02:50 AM Reply
United Cotfab SME IPO whether to invest or not.