08-Jun-2024
2 mins read
United Cotfab IPO is offering a 100% book-built public issue. This upcoming IPO is offering a fresh issue of up to 5,184,000 equity shares; the total aggregated size of an offer is accumulated to 5,184,000 equity shares at a price of Rs 70 per share. This new IPO is being made through a fixed price issue type with a reservation of 50% of the net issue of the offer reserved for retail investors, and 50% of the rest of the net issue is reserved for another category. This IPO will be open for subscription from June 13, 2024, till June 9, 2024, whereas the listing date will be decided on June 21, 2024, and refund initiation for those who will not get allotted the share will be on June 21, 2024. However, keep in mind that the public offering is proposed to be listed on BSE SME.
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About United Cotfab Limited
United Cotfab Limited was incorporated in 2015; the company manufactures high-quality open-end yarn for the textile industry. The company's clients include textile manufacturers, garment exporters and distributors. The company's product portfolio includes Open End Cotton Yarn and Cotton Yarn. The company's manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery. The company's manufacturing facility is situated in Taluka, Ahmedabad. The company's manufacturing facility has an installed capacity of approx 9125 (MT) per annum. As of November 30, 2023, the company has a total of 85 Employees.
Primary Objectives of Public Issue
The company proposed allocating net proceeds strategically. A portion of the funds will be allocated to meet working capital requirements, so that the company's operations will work smoothly and efficiently. A significant amount will be designated for general corporate purposes, providing flexibility for the various strategic needs and opportunities that may arise. Finally, the remaining funds will be used to cover public issue expenses, ensuring that all costs associated with the issuance are fully met.
Financial Performance of United Cotfab Limited (Amount in Rs Lakhs)
The company reported its net revenue of 64.02 Lakh and Profit after Tax of 13.93Cr, which increased rapidly by 3305.32% and 45.68%, respectively, for FY22-23.
|
Period Ended |
30-Sep-23 |
31-Mar-23 |
31-Mar-22 |
31-Mar-21 |
|
Assets |
7,470.82 |
5,367.71 |
1,559.95 |
107.1 |
|
Revenue |
5,596.72 |
64.02 |
1.88 |
- |
|
Profit After Tax |
295.18 |
13.93 |
1.6 |
-0.11 |
|
Net Worth |
1,300.34 |
993.56 |
681.97 |
0.22 |
|
Total Borrowing |
4,262.11 |
3,821.18 |
773.47 |
106.5 |
Essential Details of United Cotfab IPO 2024
|
IPO Date |
June 13, 2024 to June 19, 2024 |
|
Listing Date |
June 24, 2024 |
|
Face Value |
Rs 10 per share |
|
Price Band |
Rs 70 per share |
|
Lot Size |
2000 Shares |
|
Total Issue Size |
5,184,000 shares |
|
Fresh Issue |
5,184,000 shares |
|
Issue Type |
Fixed Price Issue IPO |
|
Listing At |
BSE SME |
|
Shareholding pre issue |
12,006,000 |
|
Shareholding post issue |
17,190,000 |
Lot Size of United Cotfab IPO
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
2000 |
₹140,000 |
|
Retail (Max) |
1 |
2000 |
₹140,000 |
|
HNI (Min) |
2 |
4,000 |
₹280,000 |
Key Performance Indicator of United Cotfab Limited
|
|
Pre IPO |
Post IPO |
|
EPS (Rs) |
0.12 |
3.43 |
|
P/E (x) |
603.32 |
20.38 |
Lead Manager of United Cotfab IPO 2024
The lead manager of United Cotfab IPO is Beeline Capital Advisors Private Limited.
How to Apply for United Cotfab Limited IPO
Wait for the public issue to open for subscription, then click here to apply for the United Cotfab Limited IPO with Bigul.
How to Check the Allotment Status of United Cotfab Limited IPO 2024
Purva Sharegistry India Limited is the registrar for United Cotfab Limited IPO. You can check your allotment status by clicking here.
FAQs
1. When is the IPO scheduled to open and close?
United Cotfab IPO is scheduled to open for subscription from June 13, 2024, till June 19, 2024.
2. What will the price band be for the IPO?
The United Cotfab Limited IPO is a Fixed price type of public issue, the price is decided at Rs 70 per share.
3. What are the main objectives of this IPO?
The Company proposed to allocate the Net Proceeds in a strategic manner. A portion of the funds will be allocated to meet working capital requirements. A significant amount will be designated for general corporate purposes. Finally, the remaining funds will be used to cover public issue expenses.
4. How has United Cotfab Limited performed financially?
The Company reported its net revenue of 64.02 Lakh and Profit after Tax of 13.93Cr, which increased rapidly by 3305.32% and 45.68%, respectively, for FY22-23.
5. How can I apply for the United Cotfab IPO?
Once the United Cotfab Limited IPO opens for subscription, you can apply for it by clicking here with us on Bigul.
6. How can I check the allotment status of the IPO?
Purva Sharegistry India Limited is the registrar for United Cotfab Limited IPO. You can check your allotment status by clicking here.
7. Where will the IPO be listed?
The IPO will be listed in the BSE SME segment (Bombay Stock Exchange Small and Medium Enterprises).
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