United Cotfab Ltd

United Cotfab Limited is engaged in the manufacturing of high quality open end yarn catering to the textile industry. Its manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery. The Company follows a systematic approach that includes raw material selection, blending (if required), spinning, winding, and quality control.

Open Demat Account

50years

United Cotfab Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
51.84 LTBA24.62 L120.06 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
13 Jun, 2419 Jun, 242000 TBA Fixed Price - SME24 Jun, 24

United Cotfab Ltd IPO Details

United Cotfab Ltd IPO Dates

  • 13 Jun 2024

    Opening date

  • 19 Jun 2024

    Closing date

  • 20 Jun 2024

    Basis of
    Allotment

  • 21 Jun 2024

    Initiation of
    Refunds

  • 21 Jun 2024

    Credit of
    Shares

  • 24 Jun 2024

    Listing date

Details

SectorType
SectorTextiles - Cotton
Sub SectorBlended
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII114.81x
Retail77.22x
Employee0x
Total101.84x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

United Cotfab Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations14.54TBATBA
EBITDA17.06TBATBA
PAT8.67TBATBA
Total Assets34.51TBATBA
Share Capital12.01TBATBA
Total Borrowings35.14TBATBA
Operating Activities (Net Cash)11.19TBATBA
Investing Activities (Net Cash)0.00TBATBA
Financing Activities (Net Cash)35.14TBATBA
Net Cashflow0.00TBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About United Cotfab Ltd

United Cotfab Limited was originally incorporated as United Cotfab LLP as a limited liability partnership under the provisions of the Limited Liability Partnership Act, 2008 vide Certificate of Incorporation dated August 25, 2015, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Later on, United Cotfab LLP was converted from a limited liability partnership to a private limited company under Part I chapter XXI of the Companies Act, 2013, pursuant to a resolution passed in the Partners Meeting of the LLP dated September 15, 2023 and consequently, the name of the company was changed to United Cotfab Private Limited and a fresh certificate of incorporation dated November 02, 2023 was issued to the company by the Registrar of Companies, Central Registration Centre. Subsequently, United Cotfab Private Limited was converted from a private limited company to a public limited company pursuant to a resolution passed in the Extra-Ordinary General Meeting of the company dated December 04, 2023 and the name of the company was changed to United Cotfab Limited with a fresh certificate of incorporation dated December 14, 2023 issued to the company by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of the Company is U13111GJ2023PLC145961.

GLOBAL OUTLOOK The global recovery from the COVID-19 pandemic and Russia's invasion of Ukraine remains slow and uneven. Despite economic resilience earlier this year, with a reopening rebound and progress in reducing inflation from last year's peaks, it is too soon to take comfort. Economic activity still falls short of its pre pandemic path, especially in emerging market and developing economies, and there are widening divergences among regions. Several forces are holding back the recovery. Some reflect the long-term consequences of the pandemic, the war in Ukraine, and increasing geoeconomic fragmentation. Others are more cyclical in nature, including the effects of monetary policy tightening necessary to reduce inflation, withdrawal of fiscal support amid high debt, and extreme weather events. Global growth is forecast to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. The projections remain below the historical (2000-19) average of 3.8 percent, and the forecast for 2024 is down by 0.1 percentage point from the July 2023 Update to the World Economic Outlook. For advanced economies, the expected slowdown is from 2.6 percent in 2022 to 1.5 percent in 2023 and 1.4 percent in 2024, amid stronger-than-expected US momentum but weakerthan-expected growth in the euro area. Emerging market and developing economies are projected to have growth modestly decline, from 4.1 percent in 2022 to 4.0 percent in both 2023 and 2024, with a down- ward revision of 0.1 percentage point in 2024, reflecting the property sector crisis in China. Forecasts for global growth over the medium term, at 3.1 percent, are at their lowest in decades, and prospects for countries to catch up to higher living standards are weak. Global inflation is forecast to decline steadily, from 8.7 percent in 2022 to 6.9 percent in 2023 and 5.8 percent in 2024. But the forecasts for 2023 and 2024 are revised up by 0.1 percentage point and 0.6 percentage point, respectively, and inflation is not expected to return to target until 2025 in most cases. INDIAN ECONOMY: The impact of the pandemic on India was seen in a significant GDP contraction in FY21. The following year, FY22, the Indian economy started to recover despite the Omicron wave of January 2022. This third wave did not affect economic activity in India as much as the previous waves of the pandemic did since its outbreak in January 2020. Mobility enabled by localised lockdowns, rapid vaccination coverage, mild symptoms and quick recovery from the virus contributed to minimising the loss of economic output in the January-March quarter of 2022. Consequently, output in FY22 went past its pre-pandemic level in FY20, with the Indian economy staging a full recovery ahead of many nations. The experience with the Omicron variant engendered a cautious optimism that it was possible to stay physically mobile and engage in economic activities despite the pandemic. FY23 thus opened with a firm belief that the pandemic was rapidly on the wane and that India was poised to grow at a fast pace and quickly ascend to the pre-pandemic growth path.

Peer Comparison:

  • Lagnam Spintex Ltd
  • PBM Polytex Ltd
  • Vippy Spinpro Ltd

United Cotfab Ltd IPO Key Points

Strengths

  • Experienced Promoters.
  • Location advantage of its manufacturing facility.
  • Scalable Business Model.

Risk

  • There are outstanding legal proceedings involving the Company, Promoters, Directors, and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • The company has a very limited operating history of its manufacturing operations, which may make it difficult for investors to evaluate its historical performance or future prospects.
  • There may be potential conflict of interests between the Company and other group Companies / entities or enterprises promoted by its Promoters or directors or in which the company promoters / directors may be interested.

Strategy

  • Cost Effective Manufacturing Process.
  • Entering into new geographies.
  • Maintaining strong relationship with customers.
  • Optimum Utilization of Resources.

United Cotfab Ltd IPO Key Points

  • Experienced Promoters.
  • Location advantage of its manufacturing facility.
  • Scalable Business Model.

How To Apply for United Cotfab Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

United Cotfab Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 13, 2024 and ends on Jun 19, 2024.

The price of United Cotfab Ltd IPO ranges between ₹0 to ₹0 per share.

The United Cotfab Ltd IPO opens on Jun 13, 2024 and closes on Jun 19, 2024.

The allotment for the United Cotfab Ltd IPO will be finalised on Jun 20, 2024. The shares will be listed on BSE and NSE on Jun 24, 2024.

The minimum lot size for United Cotfab Ltd IPO is 2000 shares, priced between ₹0 to ₹0 per share.

The GMP (Grey Market Premium) of United Cotfab Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of United Cotfab Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The United Cotfab Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 13, 2024, and closes on Jun 19, 2024. The allotment is finalised on Jun 20, 2024.

To apply for the United Cotfab Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.