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Open
13 Jun 2024
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Close
19 Jun 2024
3
Allotment
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Listing
Mon, Jun 24, 2024
Price Band
₹70 per share
Issue Size
51,84,000 shares (agg. up to ₹36 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Jun 24, 2024
Latest GMP
₹13
Est. Gain
18.57%
✦ AI Insight
GMP Trend
24-06-2024₹13Est. ₹83+18.57%
23-06-2024₹13Est. ₹83+18.57%
22-06-2024₹13Est. ₹83+18.57%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 110.13x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 81.68 | 53.68 | 15.60 | 1.07 |
| Total Income | 115.53 | 0.64 | 0.02 | |
| Profit After Tax | 8.67 | 0.14 | 0.02 | -0.00 |
| NET Worth | 13.56 | 9.94 | 6.82 | 0.00 |
| Reserves and Surplus | 1.88 | |||
| Total Borrowing | 47.51 | 38.21 | 7.73 | 1.07 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹31.90 (-3.33%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹402.55 (-1.21%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
| Sahaj Fashions Ltd. | SME | ₹13.96 Cr | ₹30 | null | ₹30.35 | +1.17% | ₹11.10 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 24.70 |
| 2 | General Corporate Purposes | 8.86 |
| 3 | Public Issue Expenses | 2.73 |
About United Cotfab IPO
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.+ Read More
Contact Details
United Cotfab Ltd. AddressSurvey No.191, Village-TimbaTaluka-Dascroi, TimbaDascroiAhmedabad, Gujarat, 382425+91 987987 4955info@unitedcotfab.comVisit Website