United Cotfab Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹70 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹36.29 cr
- Total subscription
- 107.22×
- Opens
- 13 Jun 2024
- Closes
- 19 Jun 2024
- Allotment
- 20 Jun 2024
- Listing
- 24 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 51,84,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹36.29 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,20,06,000
- Shares after issue
- 1,71,90,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,40,000 |
| HNI | 2 | 4,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 17.23 | 1,330.8 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 7.97 | 0.14 | 0.02 |
| ROE | 72.76 | 1.66 | 0.47 |
| ROCE | 26.95 | 0.04 | -0.04 |
| RONW | 63.89 | 1.4 | 0.23 |
| PRE IPO(PE) | 8.78 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Experienced Leadership: United Cotfab Limited is led by experienced promoters with deep industry knowledge, offering valuable guidance and driving business growth.
- 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.
- 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.
Risk factors
- 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.
- 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.
- 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.
Promoters
Mr. Nirmalkumar Mangalchand Mittal
Mr. Gagan Nirmalkumar Mittal
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad, Dascroi -382425
+91 987987 4955
[email protected]Company website ↗Understanding COTFAB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.