Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
United Cotfab IPO
Price Band
₹
Issue Size
₹36.29 Cr
Lot Size
2,000 shares
Min Investment
₹140,000
GMP
+₹13.0 (18.57%)
Issue Price
₹70.0
Subject to Sauda
₹19800
Paid only if allotted
United Cotfab IPO AI Summary
- United Cotfab IPO is listed on BSE SME in the Other Textile Products sector.
- Subscription window: 13 Jun–19 Jun 2024, listing on 24 Jun 2024.
- Current GMP is +₹13.0 (18.57%) — unofficial and can change daily.
United Cotfab Limited is set to enter the market with a focus on manufacturing open-end yarn for the textile industry. With significant revenue growth and a strong profit increase, the company aims to utilize the IPO proceeds for working capital and corporate purposes. Investors should consider the associated risks and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
United Cotfab IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
United Cotfab IPO Grey Market Premium (GMP) Today
GMP
+₹13.0
GMP %
+18.57%
Est. Listing
₹83.0
Updated: 25 Jul 2026 14:05
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹7.22
NAV
₹11.30
ROE
72.76%
ROCE
26.95%
RoNW
63.89%
P/B Value
6.19
P/E Ratio
9.7
Market Cap
₹120.33 Cr
PAT Margin
7.52%
Debt/Equity
3.42
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Vippy Spinpro Ltd. | 121.5 | 15.02% | 9.47 | 18.25 |
| Pbm Polytex Ltd. | 183.75 | 0.24% | 209.12 | 0.43 |
| Lagnam Spintex Limited | 53.36 | 10.35% | 8.93 | 5.53 |
| United Cotfab Limited This IPO | 9.65 | 1.4% | 517.1 | 0.14 |
Promoters
Nirmalkumar Mangalchand Mittal and Gagan Nirmalkumar Mittal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹0.64 Cr in the year ending 31 Mar 2023, rising significantly to ₹115.53 Cr by 31 Mar 2024. This represents a substantial increase in revenue over the year.
Profit Trend
Profit after tax was ₹0.14 Cr for the year ending 31 Mar 2023, increasing to ₹8.67 Cr by 31 Mar 2024. This shows a strong growth in profitability over the period.
Valuation
At the issue price of ₹70.0, United Cotfab Limited has an implied P/E ratio of 517.1, compared to peers trading at a P/E range of 8.93 to 209.12.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors averse to high-risk investments or those seeking stable returns may want to avoid IPOs like this, which can be subject to significant price fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on June 13, 2024, and closes on June 19, 2024. Allotment of shares will take place on June 20, 2024, with the listing expected on June 24, 2024.
Listing Gains — The Risk
Listing gains are the profits made when an IPO shares are sold on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from United Cotfab's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is United Cotfab IPO GMP today?
United Cotfab IPO GMP today is +₹13.0 (18.57%). GMP is an unofficial grey-market indicator and can change daily.
When does United Cotfab IPO open and close?
United Cotfab IPO opens on 13 June 2024 and closes on 19 June 2024.
When does United Cotfab IPO list on the stock exchange?
United Cotfab IPO listed on 24 June 2024 at ₹83.0.
What is the lot size for United Cotfab IPO?
The lot size for United Cotfab IPO is 2000 shares, requiring a minimum investment of ₹140,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹70.0.
When does the IPO open and close?
The IPO opens on June 13, 2024, and closes on June 19, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Jun 2024
Close
19 Jun 2024
Allotment
20 Jun 2024
Listing
24 Jun 2024
Similar IPOs in Other Textile Products
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for United Cotfab?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.