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
- May Apply
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
Company Promoters
- 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/
