United Cotfab Limited

Company Profile
Company Name United Cotfab Limited
Open Date 13-06-2024
Close Date 19-06-2024
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹70 per share
Issue Size 51,84,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
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 has its registered office in Gujarat. The company's product portfolio includes Open End Cotton Yarn and Cotton Yarn. The company commenced production of cotton yarn in Apr 2023. 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. The company employs 118 people on various levels as on Mar 31, 2024, on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Mar-24
Total Assets 107.11 1,559.96 5,367.72 8,168.47
Net Assets 0.22 681.97 993.56 1,388.70
Total Borrowings 106.50 773.47 3,821.18 4,750.93
Total Revenue - 1.88 64.01 11,552.74
Profit After Tax -0.11 1.60 13.93 866.64

Tentative Timeline

Opening Date 13-06-2024
Closing Date 19-06-2024
Basis of Allotment 20-06-2024
Initiation of Refunds 21-06-2024
Credit of Shares to Demat 21-06-2024
Listing Date 24-06-2024

Objects of the Issue

To meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.

Contact Information

Registered Office United Cotfab Limited Survey No. 191, Village-Timba, Taluka-Dascroi, Timba Ahmedabad, Dascroi -382425
Phone +91 987987 4955
Email info@unitedcotfab.com
Website https://www.unitedcotfab.com/

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone +91-022-23018261/ 23016761
Email support@purvashare.com
Website https://www.purvashare.com/investor-service/ipo-query

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 69.84%

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