United Cotfab Ltd

Textiles

Offer Period :

13th to 6th Jun 2024

United Cotfab Ltd IPO Details

IPO Date 13th to 6th Jun 2024 Minimum Investment ₹140000 / 1 Lots
Listing Date 2024-06-24 Maximum Investment ₹140000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹36.29 Crores
Price ₹70 to ₹70 per share Fresh Issue ₹36.29 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 13th to 6th Jun 2024
Listing Date 2024-06-24
Face Value ₹10 per share
Price ₹70 to ₹70 per share
Lot Size 1 Lots (2000 Shares)
Listing At BSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹140000 / 1 Lots
Maximum Investment ₹140000 / 1 Lots
Total Issue Size ₹36.29 Crores
Fresh Issue ₹36.29 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

13th Jun

IPO Starts

19th Jun

IPO Ends

20th Jun

Allotment Date

21st Jun

Initiation of Refund

21st Jun

Credit of Shares to Demat Account

24th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 69.84
Public Group 0.01 30.16

United Cotfab Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 2462000(47.49%)
Retail Shares Offered 2462000(47.49%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 5184000
Total Shares With Anchor Investor 5184000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

United Cotfab Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd
Phone Number +91 022 4961 4132 / 3199 8810
Email Id support@purvashare.com
Our Website www.purvashare.com

United Cotfab Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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United Cotfab Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 27,22,000 17,24,000 8,269.0
Retail Individual Investors (RIIs) 24,62,000 1,24,80,000 8,269.0
Total 51,84,000 1,58,50,000 8,269.0

Strength of United Cotfab Ltd

1. Experienced Promoters.

2. Location advantage of its manufacturing facility.

3. Scalable Business Model.

Risks Involved

1. There are outstanding legal proceedings involving the Company, Promoters, Directors, and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

2. The company has a very limited operating history of its manufacturing operations, which may make it difficult for investors to evaluate its historical performance or future prospects.

3. There may be potential conflict of interests between the Company and other group Companies / entities or enterprises promoted by its Promoters or directors or in which the company promoters / directors may be interested.

4. The Company is dependent on few numbers of customers for sales. The loss of any of this large customer may affect our revenues and profitability.

5. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect our business operations.

6. The Company in the past has entered into Related Party Transactions and may continue to do so in future also, which may affect its competitive edge and better bargaining power if entered with non-related parties resulting into relatively more favorable terms and conditions and better margins.

7. Its revenues are highly dependent on the company operations in geographical region of state of Gujarat & Maharashtra. Any adverse development affecting its operations in these regions could have an adverse impact on its business, financial condition and results of operations.

8. Its business requires the company to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations and some of the approvals are required to be transferred in the name of United Cotfab Limited'.

9. The Company have incurred losses in past and any operating losses in the future could adversely affect the results of operations and financial conditions of the company. The Company have incurred losses in past in the previous years as per the Restated Financial Statements and the same are summarized as under.

10. In its restated financials as at March 31, 2024, the company has a contingent liability related to export commitments. Failure to meet these commitments under the Export Promotion Capital Goods (EPCG) scheme may result in the imposition of penalties.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

United Cotfab Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-24 0 -
INE0S0I01011
₹70 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹70 ₹70
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is United Cotfab Ltd IPO?

Answer Field

United Cotfab Ltd IPO is a SME IPO of 51,84,000 equity shares of a face value of ₹10 aggregating up to ₹36.29 Crores. The issue is priced at ₹70 to ₹70 per share. The minimum order quantity is 2000 Shares. The IPO opens on June 13, 2024, and closes on June 19, 2024. Purva Sharegistry (I) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When United Cotfab Ltd IPO will open?

Answer Field

The United Cotfab Ltd IPO opens on June 13, 2024 and closes on June 19, 2024.

What is the lot size of United Cotfab Ltd?

Answer Field

United Cotfab Ltd lot size is 2000 shares, and the minimum amount required is ₹1,40,000.

How to apply for United Cotfab Ltd IPO?

Answer Field

You can apply in United Cotfab Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is United Cotfab Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for United Cotfab Ltd IPO will be done on June 20, 2024, and the allotted shares will be credited to your demat account by June 21, 2024.

When is United Cotfab Ltd IPO listing date?

Answer Field

The United Cotfab Ltd listing date is June 24, 2024.

Who is the registrar of United Cotfab Ltd IPO?

Answer Field

The registrar of United Cotfab Ltd IPO is Purva Sharegistry (I) Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of United Cotfab Ltd IPO?

Answer Field

The fresh issue size is ₹36.29 Crores equity shares.

What minimum lot size can retail subscribers subscribe to United Cotfab Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,40,000 amount.

How can I approve the UPI mandate request for United Cotfab Ltd IPO?

Answer Field

To apply for United Cotfab Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of United Cotfab Ltd?

Answer Field

The price of each United Cotfab Ltd share will be ranging in between ₹70 to ₹70 per share.

What is the cut-off time for the UPI mandate for United Cotfab Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 19, 2024.

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