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united cotfab ipo

United Cotfab IPO

  • Status: Closed
  • RHP:
  • ₹ 140,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    13 Jun 2024

  • Close Date

    19 Jun 2024

  • IPO Price Range

    ₹ 70

  • IPO Size

    ₹ 36.29 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    24 Jun 2024

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IPO Timeline

United Cotfab IPO Subscription Status

Last Updated: 25 June 2024 4:39 PM by 5Paisa

Last Updated: 19th June, 2024 by 5paisa

United Cotfab IPO is all set to open from 13th June to 19th June 2024. The company makes high-quality open end yarn. The IPO includes a fresh issue of 5,184,000 shares worth ₹36.29 cr. The share allotment date is 20th June 2024, and the IPO will be listed on 24th June 2024 on the stock exchanges. The price band is ₹70 and the lot size is 2000 shares.    

Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Private Limited is the registrar. 

Objectives of United Cotfab IPO:

United Cotfab Limited plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    General corporate purposes. 
●    For expenses related to public issues. 

Established in 2015, United Cotfab makes high-quality open-end yarn. Its manufacturing facility is based in Village Timba, Taluka Daskroi, Ahmedabad, which is quite close to cotton fields in Saurashtra, Gujarat and Maharashtra. 

The company’s products are used in the textile industry for knitting, weaving, and crocheting.

Peer Comparison

●    Lagnam Spintex Limited
●    PBM Polytex Limited
●    Vippy Spinpro Limited

For More Information:
Webstory on United Cotfab IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 115.29 0.44 -
EBITDA 17.67 0.21 0.016
PAT 12.02 0.21 0.016
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 81.68 53.67 15.59
Share Capital 12.00 9.93 6.81
Total Borrowings 67.79 43.74 8.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities 7.47 -2.32 -6.87
Net cash from / (used in) investing activities -9.05 -31.44 -6.66
Net cash flow from / (used in) financing activities 1.57 33.62 13.49
Net increase (decrease) in cash and cash equivalents -0.01 -0.15 -0.047


Strengths

1.   The company has the advantage of the strategic location of its manufacturing facility.
2.   It has a scalable business model. 
3.   Experienced management team.
 

Risks

1.    The company has a limited operating history. 
2.    Its operating activity is concentrated in Gujarat & Maharashtra.
3.    It has reported losses in the past.
4.    It has reported negative cash flow in the past. 
5.    High working capital requirements. 
 

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FAQs

United Cotfab IPO opens from 13th June to 19th June 2024.
 

The United Cotfab IPO size is ₹36.29 cr. 
 

To apply for United Cotfab IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for United Cotfab IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

You will receive a mandate notification to block funds in your UPI app.
 

The price band of United Cotfab IPO is fixed at ₹70 per share. 
 

The minimum lot size of United Cotfab IPO is 2000 shares and the investment required is ₹1,40,000.
 

The share allotment date of United Cotfab IPO is 20th June 2024.
 

The United Cotfab IPO will be listed on 24th June 2024.
 

Beeline Capital Advisors Private Limited is the book-running lead manager for United Cotfab IPO.
 

United Cotfab plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    General corporate purposes. 
●    For expenses related to public issues.