United Cotfab Limited SME IPO

Issue Size (Net)
up to ₹ 36.29 Cr

Price Band
₹ 70 per share

Issue Opens
Jun 13, 2024

Issue Closes
June 19, 2024

1. Company Information


Incorporated in 2015, United Cotfab Limited 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 manufacturing facility of the Company is situated in Taluka, Ahmedabad. The Manufacturing facility of the company has an installed capacity of approx 9125 (MT) per annum As of March 31, 2024, the company has 118 Employees.

2. Objects of the Issue

1.To Meet Working Capital Requirement;
2.General Corporate Purpose;
3.To Meet the Offer Expenses

United Cotfab Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets8,168.465,367.711,559.95107.10
Revenue11,552.7464.021.88
Profit After Tax866.6513.931.60-0.11
Net Worth1,356.42993.56681.970.22
Reserves and Surplus188.10
Total Borrowing4,750.933,821.18773.47106.50
Amount in ₹ Lakhs

United Cotfab Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
24-06-2024 Listing70.00₹13 – No Change₹83 (18.57%)24-Jun-2024 10:29
23-06-202470.00₹13 – No Change₹83 (18.57%)24-Jun-2024 0:24
22-06-202470.00₹13 – No Change₹83 (18.57%)23-Jun-2024 0:23
21-06-202470.00₹13 – Up₹83 (18.57%)22-Jun-2024 0:29
20-06-2024 Allotment70.00₹12 – Up₹82 (17.14%)20-Jun-2024 10:28
19-06-2024 Close70.00₹11 – Down₹81 (15.71%)19-Jun-2024 12:31
18-06-202470.00₹18 – Down₹88 (25.71%)19-Jun-2024 0:31
17-06-202470.00₹20 – No Change₹90 (28.57%)18-Jun-2024 0:25
16-06-202470.00₹20 – No Change₹90 (28.57%)17-Jun-2024 0:27
15-06-202470.00₹20 – No Change₹90 (28.57%)16-Jun-2024 0:23
14-06-202470.00₹20 – No Change₹90 (28.57%)14-Jun-2024 12:28
13-06-2024 Open70.00₹20 – Up₹90 (28.57%)13-Jun-2024 12:01
12-06-202470.00₹15 – Down₹85 (21.43%)13-Jun-2024 0:24
11-06-202470.00₹21 – No Change₹91 (30%)12-Jun-2024 0:32
10-06-202470.00₹21 – Up₹91 (30%)10-Jun-2024 15:56
09-06-202470.00₹15 – Up₹85 (21.43%)10-Jun-2024 0:26
08-06-202470.00₹0 – No Change₹70 (0%)9-Jun-2024 0:25
07-06-202470.00₹0 – No Change₹ (0%)7-Jun-2024 22:32

United Cotfab Limited SME IPO Details

SME IPO Issue Opening Date:June 13, 2024
SME IPO Issue Closing Date:June 19, 2024
SME IPO Issue Price:Rs.70 per share
Face ValueRs.10 per share
Lot Size2000 Shares
Issue Size5,184,000 shares(aggregating up to Rs.36.29 Cr)
Fresh Issue5,184,000 shares(aggregating up to Rs.36.29 Cr)
Issue TypeFixed Price Issue IPO
IPO Listing At:BSE SME

United Cotfab Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening DateThursday, June 13, 2024
Closing DateWednesday, June 19, 2024
Basis of AllotmentThursday, June 20, 2024
Initiation of RefundsFriday, June 21, 2024
Credit of Shares to DematFriday, June 21, 2024
Listing DateMonday, June 24, 2024
Cut-off time for UPI mandate confirmation5 PM on June 19, 2024

Prospectus File

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