Schedule of United Cotfab
| 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 |
Note: The 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 can be checked on the registrar's website and the exchange website.
About United Cotfab
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.
Financials of United Cotfab
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹36.29 crores |
| Fresh issue | ₹36.29 crores |
| Offer for sale | 0 |
*All figures except EPS are in ₹ Crores
Risks
- Dependency on a 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.