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Issue Price


per equity share

Issue Size

51.84 lakhs

equity share

Face Value

per equity share

Market Lot


equity share

Please note

Listing at BSE


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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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




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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