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United Cotfab Limited IPO

United Cotfab Limited IPO

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Issue Price :
Allotment Date :
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Listed Price: ₹ 75.00 (+7.14%)

The Initial Public Offering of United Cotfab Limited's culminated in its successful listing on 24-06-2024 at the BSE trading platform. The company secured 51,84,000 Shares through this capital market exercise, with 51,84,000 Shares allocated to new capital formation.

Investors participated within the price parameters of ₹70 to ₹70, with minimum investment requirements of 2000 shares. The subscription period from 13-06-2024 to 19-06-2024 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on 20-06-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

United Cotfab IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
United Cotfab IPO Key Performance Indicator
Company Financials ( In Lakhs )

United Cotfab IPO About Company

Founded in 2015, United Cotfab Limited manufactures high-quality open-end cotton yarn for the textile industry. They supply yarn to textile manufacturers, garment exporters, and distributors. The company produces Open End Cotton Yarn and Cotton Yarn using advanced technology and strict quality standards. Their manufacturing unit, located in Taluka, Ahmedabad, has a production capacity of around 9125 metric tons per year. As of March 31, 2024, the company has a dedicated team of 118 employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


United Cotfab IPO Strength Factors

  1. Experienced Leadership: United Cotfab Limited is led by experienced promoters with deep industry knowledge, offering valuable guidance and driving business growth.
  2. Strategic Location: The company's manufacturing unit in Taluka, Ahmedabad, is close to raw material sources and key markets, helping reduce transport costs and improve supply chain efficiency.
  3. Growth-Oriented Business Model: With advanced technology and high production capacity, the company's business model is designed to easily expand and meet rising customer demands and market opportunities.

United Cotfab IPO Risk Factors

  1. Ongoing Legal Cases: The company, its promoters, directors, and related companies are currently involved in legal cases. If the decisions don't go in their favor, it could negatively affect the company's business, profits, and financial health.
  2. Limited Experience: The company has only been in the manufacturing business for a short time, making it harder for investors to judge its past performance or predict its future growth.
  3. Loans and Property Charges: The company has taken loans by offering its properties as security. If the company faces financial trouble or fails to repay the loans, it could risk losing those properties.

United Cotfab IPO Lead Manager(s)

  • Beeline Capital Advisors Private Limited

United Cotfab IPO Promoter(s)

  1. Mr. Nirmalkumar Mangalchand Mittal
  2. Mr. Gagan Nirmalkumar Mittal

United Cotfab IPO Company Details

United Cotfab Limited
Phone:
address:

United Cotfab IPO Registrar

Purva Sharegistry India Private Limited
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Phone:

United Cotfab IPO FAQs