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SME IPO Status: Listed [13th Jun 2024 to 19th Jun 2024]
United Cotfab IPO, a SME IPO of ₹36.29 Cr was launced on 13-06-2024 to 19-06-2024 and the shares got listed on BSE SME on 24-06-2024.
The public issue of United Cotfab IPO (544195) was offered at ₹70.00 per share and the ipo was listed at ₹75.00. It has delivered listing gain of 7.14%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 10000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 13th Jun 2024 |
| SME IPO Issue Closing Date: | 19th Jun 2024 |
| SME IPO Issue Price: | ₹70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹36.29 Cr |
| Fresh Issue: | ₹36.29 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 69.84% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544195 |
Get important updates regarding United Cotfab SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Jun 2024 |
| Refunds Initiation* | 21st Jun 2024 |
| Credit of Shares to Demat* | 21st Jun 2024 |
| SME IPO Listing Date* | 24th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹280000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 24-06-2024 | 70.00 | 13 | 19800 | ₹83 (18.57%) | 24-Jun-2024 10:29 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
United Cotfab Limited was founded in August 2015 and is involved in the production of high-quality open-end yarns for the textile industry. The manufacturing process is subject to stringent quality standards and is supported by advanced technology and machinery. The company follows a systematic approach which includes raw material selection, blending (if required), spinning, winding and quality control.
The production facility is located near the rich cotton growing areas in the Saurashtra region of Gujarat and Maharashtra. The company started production of cotton yarn in April 2023. The production facility is equipped with modern and automated equipment and machinery. The level of advancement determines the productivity of machinery and manpower, which in turn determines the production and profitability of the company.
The raw materials, intermediate products and final yarns are rigorously tested and controlled to ensure that they meet the set standards. The company is committed to sustainable production practices and environmental responsibility. Its processes are designed to minimize waste, save energy and reduce environmental impact. The company has developed close relationships with a wide range of customers, including textile manufacturers, garment exporters and distributors.
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Other Textile Products | ₹36.29 Cr | https://www.unitedcotfab.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,462,000 (50%) | 2,462,000 (50%) | 4,924,000 | |
| 1 | 13th Jun 2024 19:04 | 0.65x | 4.59x | 2.95x |
| 2 | 14th Jun 2024 19:04 | 3.20x | 12.91x | 8.68x |
| 3 | 18th Jun 2024 19:04 | 13.98x | 32.04x | 23.66x |
| 4 | 19th Jun 2024 18:21 | 114.71x | 77.22x | 107.16x |
United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,168.46 | 5,367.71 | 1,559.95 | 107.10 |
| Revenue | 11,552.74 | 64.02 | 1.88 | |
| Profit After Tax | 866.65 | 13.93 | 1.60 | -0.11 |
| Net Worth | 1,356.42 | 993.56 | 681.97 | 0.22 |
| Reserves and Surplus | 188.10 | |||
| Total Borrowing | 4,750.93 | 3,821.18 | 773.47 | 106.50 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| United Cotfab Limited | 0.14 | 9.65 | 517.1 | 1.4 | Standalone | |
| Lagnam Spintex Limited | 5.53 | 53.36 | 8.93 | 10.35 | Standalone | |
| Pbm Polytex Ltd. | 0.43 | 183.75 | 209.12 | 0.24 | Standalone | |
| Vippy Spinpro Ltd. | 18.25 | 121.5 | 9.47 | 15.02 | Standalone |
Last Updated on 28-Jun-2024 17:57:33
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase United Cotfab SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply United Cotfab SME IPO with Zerodha.
Alternate approch to apply in United Cotfab SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
United Cotfab SME IPO Review and Important Updates
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To subscribe or apply in United Cotfab SME IPO, you can use the following methods:
| United Cotfab SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in United Cotfab SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in United Cotfab SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in United Cotfab SME IPO. Most of the Syndicate Banks provide access to apply in United Cotfab IPO via ASBA process. You must have your net banking access, DP ID information to apply in United Cotfab SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in United Cotfab SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
United Cotfab SME IPO Review and Important Updates
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United Cotfab SME IPO is going to be list on 24-06-2024. BSE Code for United Cotfab is 544195.
Other relevant questions:
When United Cotfab SME IPO will be listing? United Cotfab SME IPO BSE listing date?United Cotfab SME IPO date of listing
United Cotfab SME IPO Allotment Date is 20-06-2024.
Other relevant questions:
United Cotfab SME IPO share allotment date?United Cotfab SME IPO allotment date?
