United Cotfab Limited IPO
- IPO Date13 Jun, 2024 to 19 Jun, 2024
- Listing Date24 Jun, 2024
- Face Value₹10 per share
- Issue Price₹70 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtBSE SME
- Total Issue Size51,84,000 Shares
(aggregating up to ₹36.29 Cr) - Fresh Issue51,84,000 Shares
(aggregating up to ₹36.29 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,20,06,000
- Shareholding post issue1,71,90,000
IPO Dates
Closing Date
19 Jun, 2024
Initiation of Refunds
21 Jun, 2024
Listing Date
24 Jun, 2024
13 Jun, 2024
Opening Date
20 Jun, 2024
Basis of Allotment
21 Jun, 2024
Credit of Shares
United Cotfab Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
United Cotfab Limited Promoter Holding
The Promoters of the company are Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 69.84% |
United Cotfab Limited COMPANY INFORMATION
United Cotfab IPO is a fixed price issue of Rs 36.29 crores. The issue is entirely a fresh issue of 51.84 lakh shares. United Cotfab IPO opens for subscription on June 13, 2024 and closes on June 19, 2024. The allotment for the United Cotfab IPO is expected to be finalized on Thursday, June 20, 2024. United Cotfab IPO will list on BSE SME with tentative listing date fixed as Monday, June 24, 2024. United Cotfab IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the United Cotfab IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. Refer to United Cotfab IPO DRHP for detailed 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 November 30, 2023, the company has a total of 85 Employees.
FAQs About United Cotfab Limited Ipo (United Cotfab Ipo)
United Cotfab Limited IPO will open on 13 Jun, 2024 and close on 19 Jun, 2024. Investors must apply within this period to participate.
The United Cotfab Limited IPO price band is set between ₹70.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The United Cotfab Limited IPO shares are expected to be listed on 24 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your United Cotfab Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The United Cotfab Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.