Issue Price
₹70
per equity share
Issue Size
51.84 lakhs
equity share
Face Value
₹
per equity share
Market Lot
2000
equity share
Please note
Listing at BSE
UNITED COTFAB LIMITED
Important Dates
IPO Open Date
13 Jun 2024
IPO Close Date
19 Jun 2024
Allotment Date
20 Jun 2024
Initiation of Refunds
21 Jun 2024
Credit of Shares to Demat Account
21 Jun 2024
IPO Listing Date
24 Jun 2024
UPI Mandate Expiry Date
19 Jun 2024
IPO Details
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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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2015
Managing Director
Mr. Nirmalkumar Mangalchand Mittal
IPO Objectives
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.
How to apply for IPO
- Login to your Bigul 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
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PAN Card | Aadhaar Card | Bank Account Number
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