United Cotfab IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 13 to Jun 19 2024
Price Band
₹70
Current GMP
₹75 (7.14%)
Subscription
107.16 times
IPO Details
| IPO Date | June 13, 2024 to June 19, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Fresh Issue | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,006,000 |
| Share holding post issue | 17,190,000 |
| Market Maker portion | 260,000 shares Spread X Securities |
IPO Date
June 13, 2024 to June 19, 2024
Listing Date
Monday, June 24, 2024
Face Value
₹10 per share
Price
₹70 per share
Lot Size
2000 Shares
Total Issue Size
5,184,000 shares (aggregating up to ₹36.29 Cr)
Fresh Issue
5,184,000 shares (aggregating up to ₹36.29 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share holding pre issue
12,006,000
Share holding post issue
17,190,000
Market Maker portion
260,000 shares Spread X Securities
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 114.71 |
| Retail Investors | 77.22 |
| Total ** | 107.16 |
Market Maker
1
Non-Institutional Buyers***
114.71
Retail Investors
77.22
Total **
107.16
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Jun 13, 2024 | 0.65 | 4.59 | 2.95 |
| Day 2 Jun 14, 2024 | 3.20 | 12.91 | 8.68 |
| Day 3 Jun 18, 2024 | 13.98 | 32.04 | 23.66 |
| Day 4 Jun 19, 2024 | 114.71 | 77.22 | 107.16 |
DayDay 1
Jun 13, 2024
NII*0.65
Retail4.59
Total2.95
DayDay 2
Jun 14, 2024
NII*3.20
Retail12.91
Total8.68
DayDay 3
Jun 18, 2024
NII*13.98
Retail32.04
Total23.66
DayDay 4
Jun 19, 2024
NII*114.71
Retail77.22
Total107.16
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 24-06-2024 | 70.00 | 13(18.57%) | 83 |
| 23-06-2024 | 70.00 | 13(18.57%) | 83 |
| 22-06-2024 | 70.00 | 13(18.57%) | 83 |
| 21-06-2024 | 70.00 | 13(18.57%) | 83 |
| 20-06-2024 | 70.00 | 12(17.14%) | 82 |
| 19-06-2024 | 70.00 | 11(15.71%) | 81 |
| 18-06-2024 | 70.00 | 18(25.71%) | 88 |
| 17-06-2024 | 70.00 | 20(28.57%) | 90 |
| 16-06-2024 | 70.00 | 20(28.57%) | 90 |
| 15-06-2024 | 70.00 | 20(28.57%) | 90 |
| 14-06-2024 | 70.00 | 20(28.57%) | 90 |
| 13-06-2024 | 70.00 | 20(28.57%) | 90 |
| 12-06-2024 | 70.00 | 15(21.43%) | 85 |
| 11-06-2024 | 70.00 | 21(30.0%) | 91 |
| 10-06-2024 | 70.00 | 21(30.0%) | 91 |
| 09-06-2024 | 70.00 | 15(21.43%) | 85 |
| 08-06-2024 | 70.00 | 0(0.0%) | 70 |
| 07-06-2024 | 70.00 | 0(0.0%) | (0%) |
Date24-06-2024
Price70.00
GMP13(18.57%)
Estimate List Price83
Date23-06-2024
Price70.00
GMP13(18.57%)
Estimate List Price83
Date22-06-2024
Price70.00
GMP13(18.57%)
Estimate List Price83
Date21-06-2024
Price70.00
GMP13(18.57%)
Estimate List Price83
Date20-06-2024
Price70.00
GMP12(17.14%)
Estimate List Price82
Date19-06-2024
Price70.00
GMP11(15.71%)
Estimate List Price81
Date18-06-2024
Price70.00
GMP18(25.71%)
Estimate List Price88
Date17-06-2024
Price70.00
GMP20(28.57%)
Estimate List Price90
Date16-06-2024
Price70.00
GMP20(28.57%)
Estimate List Price90
Date15-06-2024
Price70.00
GMP20(28.57%)
Estimate List Price90
Date14-06-2024
Price70.00
GMP20(28.57%)
Estimate List Price90
Date13-06-2024
Price70.00
GMP20(28.57%)
Estimate List Price90
Date12-06-2024
Price70.00
GMP15(21.43%)
Estimate List Price85
Date11-06-2024
Price70.00
GMP21(30.0%)
Estimate List Price91
Date10-06-2024
Price70.00
GMP21(30.0%)
Estimate List Price91
Date09-06-2024
Price70.00
GMP15(21.43%)
Estimate List Price85
Date08-06-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date07-06-2024
Price70.00
GMP0(0.0%)
Estimate List Price(0%)
IPO Important Dates
| IPO Open Date | Thursday, June 13, 2024 |
| IPO Close Date | Wednesday, June 19, 2024 |
| Basis of Allotment | Thursday, June 20, 2024 |
| Initiation of Refunds | Friday, June 21, 2024 |
| Credit of Shares to Demat | Friday, June 21, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
IPO Open Date
Thursday, June 13, 2024
IPO Close Date
Wednesday, June 19, 2024
Basis of Allotment
Thursday, June 20, 2024
Initiation of Refunds
Friday, June 21, 2024
Credit of Shares to Demat
Friday, June 21, 2024
Listing Date
Monday, June 24, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 19, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹140,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹140,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹280,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,168.46 | 5,367.71 | 1,559.95 |
| Revenue | 11,552.74 | 64.02 | 1.88 |
| Profit After Tax | 866.65 | 13.93 | 1.60 |
| Net Worth | 1,356.42 | 993.56 | 681.97 |
| Reserves and Surplus | 188.10 | ||
| Total Borrowing | 4,750.93 | 3,821.18 | 773.47 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20248,168.46
31 Mar 20235,367.71
31 Mar 20221,559.95
Period EndedRevenue
31 Mar 202411,552.74
31 Mar 202364.02
31 Mar 20221.88
Period EndedProfit After Tax
31 Mar 2024866.65
31 Mar 202313.93
31 Mar 20221.60
Period EndedNet Worth
31 Mar 20241,356.42
31 Mar 2023993.56
31 Mar 2022681.97
Period EndedReserves and Surplus
31 Mar 2024188.10
31 Mar 2023
31 Mar 2022
Period EndedTotal Borrowing
31 Mar 20244,750.93
31 Mar 20233,821.18
31 Mar 2022773.47
Key Performance Indicator
| ROE | 72.76% |
| ROCE | 26.95% |
| Debt/Equity | 3.42 |
| RoNW | 63.89% |
| P/BV | 6.19 |
| PAT Margin (%) | 7.52 |
| EPS (Rs) | 7.22 |
ROE
72.76%
ROCE
26.95%
Debt/Equity
3.42
RoNW
63.89%
P/BV
6.19
PAT Margin (%)
7.52
EPS (Rs)
7.22
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 260,000 (5.02%) |
| Other Shares Offered | 2,462,000 (47.49%) |
| Retail Shares Offered | 2,462,000 (47.49%) |
| Total Shares Offered | 5,184,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
260,000 (5.02%)
Other Shares Offered
2,462,000 (47.49%)
Retail Shares Offered
2,462,000 (47.49%)
Total Shares Offered
5,184,000 (100%)
Information about company
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.
Objectives of IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
To Meet Working Capital Requirements
General Corporate Purposes
To meet Public Issue Expenses
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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