United Cotfab IPO

Closed

Apply now
Don't have a Zerodha account? Sign up

13th – 19th Jun 2024
24 Jun 2024
₹70 – ₹70
2000 shares (₹140000)
36cr

Schedule

Issue open date 13 Jun 2024
Issue close date 19 Jun 2024
UPI mandate deadline 19 Jun 2024 (5 PM)
Allotment finalization 20 Jun 2024
Refund initiation 21 Jun 2024
Share credit 21 Jun 2024
Listing date 24 Jun 2024
Mandate end date 04 Jul 2024
Lock-in end date for anchor investors (50%) 20 Jul 2024
Lock-in end date for anchor investors (remaining) 13 Sep 2024

About

United Cotfab Limited’s IPO is set to launch on June 13, 2024, with subscriptions closing on June 19, 2024. Incorporated in 2015, the company is engaged in the manufacturing of high-quality open-end yarn catering to the textile industry. Its manufacturing facility, located in Taluka, Ahmedabad, has an installed capacity of approximately 9,125 (MT) per annum and commenced production in April 2023.

Funds Raised in the IPO Amount
Overall ₹36.29 crores
Fresh Issue ₹36.29 crores
Offer for sale 0

Financial Snapshot

Financial Year Ended March 2021 March 2022 March 2023 March 2024
Total Assets 10.71 155.99 536.77 816.84
Revenue 0.18 6.40 1,155.27
Profit After Tax (-0.01) 0.16 1.39 86.66
EPS (0.00) 0.02 0.14 7.97

*All figures except EPS are in ₹ Crores

Risk factors

  • Dependency on Few Suppliers: The company is dependent on a few suppliers for its purchases. Any loss of these suppliers may affect business operations. The top ten suppliers contribute a significant portion of total purchases.
  • Limited Operating History: The company has a limited operating history, making it difficult for investors to evaluate historical performance or future prospects.
  • Geographical Dependency: The company’s revenues are highly dependent on operations in the geographical regions of Gujarat and Maharashtra. Any adverse developments affecting operations in these regions could have a significant adverse impact on business, financial condition, and results of operations.

Note:

  • The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
  • The allotment status will be available by June 21, 2024, on the Registrar’s website and the BSE website.