United Cotfab IPO GMP Price Today : United Cotfab IPO GMP Price (IPO) is Open on 13 June 2024 and Close on 19 June 2024. United Cotfab IPO to Raise 5,184,000 shares (Approx ₹36.29 Cr) via IPO. The Fresh issue of 5,184,000 shares (Approx ₹36.29 Cr).
Our Company was originally incorporated as August 2015 We are engaged in the manufacturing of high quality open end yarn catering to the textile industry use Product textiles, sewing, crocheting, knitting, weaving, embroidery, and Rope Making More.
Our manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery. We follow a systematic approach that includes raw material selection, blending (if required), spinning, winding, and quality control.
Company was in the process acquisition of land admeasuring area of 7264 sq mtrs located at Village Timba, Taluka Daskroi, Ahmedabad, for setting up Manufacturing facility having an installed capacity of approx 9125 (MT) per annum.
Our Manufacturing facility is close to the rich cotton growing areas of Saurashtra region of Gujarat and Maharashtra. Our Company commenced the production of cotton yarn in April 2023. Our Manufacturing facility is equipped with modern and automatic plant and machinery.
The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of our Company.
Our technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which we are able to ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry.
United Cotfab IPO Review :-
https://youtu.be/oc-Ofkavh28
Our experienced team of technicians and operators ensure that every batch of open end yarn produced meets the highest quality parameters.
We have implemented a comprehensive quality management system that covers every stage of production. We conduct rigorous testing and inspection of raw materials, intermediate products and final yarns to ensure they meet the specified standards.
We are committed to sustainable manufacturing practices and environmental responsibility.
Our processes are designed to minimize waste, conserve energy and reduce the environmental impact. We have built strong relationship with a diverse range of clients, including textile manufacturers, garment exporters and distributors. Our emphasis on quality, reliability and timely delivery has helped us establish long term partnerships with our customers. our company was engaged in the business of trading of cotton yarn. In April 2023.
Our Company commenced the manufacturing of open ended cotton yarn. Cotton yarn is a type of yarn that is made from cotton fibres. Cotton yarn comes in various thicknesses, known as yarn weights, which determine its suitability for different products. Common yarn weights include lace, fingering, sport, worsted, and bulky, each with its own characteristics and recommended uses. It is widely used in the textile industry for various applications, including knitting, weaving, and crocheting. Cotton yarn is known for its softness, breathability, and versatility, making it a popular choice for clothing, home textiles, and other fabric-based products.
United Cotfab IPO Date & Price Band Details
| IPO Open Date | 13 June 2024 |
|---|---|
| IPO Close Date | 19 June 2024 |
| IPO Size | 5,184,000 shares (Approx ₹36.29 Cr) |
| Fresh Issue | 5,184,000 shares (Approx ₹36.29 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹70 Per Every Share |
| IPO Listing On | BSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
United Cotfab IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
Object of the Issue
- To Meet Working Capital Requirements.
- General Corporate Purposes.
- To meet Public Issue Expenses.
United Cotfab IPO Allotment & Listing Date (Details)
| IPO Open Date | 13 June 2024 |
|---|---|
| IPO Close Date | 19 June 2024 |
| Basis of Allotment | 20 June 2024 |
| Refunds | 21 June 2024 |
| Credit to Demat Account | 21 June 2024 |
| IPO Listing Date | 24 June 2024 |
United Cotfab Financial Reports
| ₹ in Lakhs | |||
|---|---|---|---|
| Year | Revenue | Net worth | PAT |
| 30 Sept 2023 | ₹5,596.72 | ₹1,300.34 | ₹295.18 |
| 2023 | ₹64.02 | ₹993.56 | ₹13.93 |
| 2022 | ₹1.88 | ₹681.97 | ₹1.60 |
| 2021 | ₹- | ₹0.22 | ₹-0.11 |
Our Company Promoter
- Mr. Nirmalkumar Mangalchand Mittal
- Mr. Gagan Nirmalkumar Mittal
Qualitative Factors
- Experienced Promoters.
- Location advantage of our manufacturing facility.
- Scalable Business Model.
United Cotfab Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| United Cotfab Limited | 10.00 | 0.14 | [.] | 1.40% | 9.65 | 44.20 |
| Peer Group | ||||||
| Lagnam Spintex Limited | 10.00 | 5.53 | 8.93 | 10.35% | 53.36 | 30,465.93 |
| PBM Polytex Limited | 10.00 | 0.43 | 209.12 | 0.24% | 183.75 | 20,220.84 |
| Vippy Spinpro Limited | 10.00 | 18.25 | 9.47 | 15.02% | 121.50 | 15,632.26 |
Comparison of Accounting Ratios with Listed Peer Group Companies
- United Cotfab Limited
- Lagnam Spintex Limited
- PBM Polytex Limited
- Vippy Spinpro Limited
Also Read : Ixigo IPO GMP Price, Details Today, Date, Allotment, Review
United Cotfab Company Contact Details
Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad,
Dascroi -382425, Gujarat, India.
Telephone No.: +91 987987 4955
Website: www.unitedcotfab.com
E-Mail: info@unitedcotfab.com
Contact Person: Ms. Muskan Kashyap
United Cotfab Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Address: B/1311-1314, Shilp Corporate Park Near
Rajpath Club, Rajpath Rangoli Road, S.G. Highway,
Ahmedabad, Gujarat 380054
Telephone Number: +91 79 4918 5784
Email Id: mb@beelinemb.com.
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
United Cotfab IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9 Shiv Shakti Industrial Estate, J.R. Boricha
Marg, Near Lodha Excelus, Lower Parel East, Mumbai –
400 011, Maharashtra, India.
Tel. Number: +91 022 4961 4132 / 3199 8810
Email Id: support@purvashare.com
Investors Grievance Id: newissue@purvashare.com
Website: www.purvashare.com
Contact Person: Ms. Deepali Dhuri
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