United Cotfab IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: When will United Cotfab Ltd's IPO open for subscription?

The IPO subscription window is not announced yet .

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO is yet to be announced .

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

51,84,000 equity shares

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

To be announced

Closing Date

To be announced

Basis of Allotment

To be announced

Initiation of Refunds

To be announced

Credit of Shares to Demat

To be announced

Listing Date

To be announced

Cut-off time for UPI mandate confirmation

To be announced

About United Cotfab Ltd

United Cotfab is engaged in the manufacturing of high-quality open-end yarn catering to the textile industry. They follow a systematic approach that includes raw material selection, blending, spinning, winding, and quality control. Till March 2023, the company was engaged in the business of trading cotton yarn. But then, the company began producing cotton yarn in April 2023.

The company’s manufacturing facility is close to the rich cotton-growing areas of the Saurashtra region of Gujarat and Maharashtra. Their processes are designed to minimise waste, conserve energy and reduce the environmental impact. They have built strong relationships with a diverse range of clients, including textile manufacturers, garment exporters and distributors.

Natural fibres are regarded as the backbone of the Indian textile industry, which is expected to grow from US$138 billion to US$195 billion by 2025. India’s ready-made garment exports are likely to surpass US$ 30 billion by 2027, growing at a CAGR of 12-13%. Companies in this sector can thus have an advantage in their growth journey due to the growth of the sector overall.

United Cotfab Ltd IPO Details

United Cotfab Ltd IPO Date

The dates for bidding for the United Cotfab IPO are yet to be announced.

United Cotfab Ltd IPO Price Band

United Cotfab is a fixed price IPO. The exact price is yet to be announced.

United Cotfab Ltd IPO Lot Size

The United Cotfab Ltd IPO lot size is not announced yet.

United Cotfab Ltd IPO Objectives

The proceeds from the fresh issue will be used for:

To meet working capital requirements
General corporate purposes
To meet public issue expenses.

Peer Details

The following is a listed peer company of United Cotfab in India:

Lagnam Spintex Limited
PBM Polytex Limited
Vippy Spinpro Limited

How To Check the Allotment Status of the United Cotfab Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of United Cotfab Ltd

Registered office: M-4, Phase VI, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108, Jharkhand, India

Phone: +91 0657 2203812

E-mail: investors@United Cotfabindia.com

Financial Performance

Particulars	Period Ending on September 30, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022
Total Income	5,596.72	64.02	1.88
Profit After Tax	295.18	13.93	1.60
Return on Capital Employed	10.32%	0.04%	-0.04%
Current Ratio	1.30	1.15	0.61

Know before investing

Strengths

The company's manufacturing facility is situated in the close vicinity of the cotton-rich belt of Gujarat and Maharashtra. The strategic location of the company will help reduce its raw material costs.
The company intends to cater to the increasing demand of their existing customers and also to increase their existing customer base by enhancing the distribution reach of our products in different parts of the country and also around the world.
They focus on maximum capacity utilisation, developing linkages with quality raw material suppliers and achieving consequent economies of scale.

Risks

Their revenues are highly dependent on our operations in the geographical region of the states of Gujarat and Maharashtra. Any adverse development affecting our operations in these regions could have an adverse impact on our business, financial condition and results of operations. The states of Gujarat and Maharashtra contributed 94.75% and 5.25% of their total domestic revenue for the period ended on September 30, 2023.
Their top ten customers contribute 82.79% and 100% of their total revenue from operations for the period ended September 30, 2023 and for the year ended March 31, 2023, respectively.
Their top ten suppliers contributed 95.67% and 100% of their total purchases for the period ended on September 30, 2023, and the financial year ended on March 31, 2023, respectively.