United Cotfab SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the United Cotfab IPO. Explore United Cotfab IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
United Cotfab Limited, originally incorporated as United Cotfab LLP in August 2015, has evolved from a limited liability partnership to a public limited company as of December 2023. Promoted by Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal, who bring over 55 years of combined experience in the cotton textile industry, United Cotfab leverages advanced technology and stringent quality control processes in its state-of-the-art manufacturing facility located in Ahmedabad. The facility commenced production in April 2023 and has an installed capacity of approximately 9125 MT per annum. Committed to sustainable practices, United Cotfab focuses on minimizing environmental impact while maintaining strong relationships with clients, including textile manufacturers, garment exporters, and distributors.
Key Points:
- Product Offering:
- Specializes in high-quality open-end yarn used in knitting, weaving, and crocheting.
- Adheres to stringent quality standards throughout the manufacturing process.
- Quality and Technology:
- Employs advanced spinning technology and processing techniques.
- Comprehensive quality management system ensures the highest standards.
- Committed to sustainable manufacturing practices.
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 13 Jun - 19 Jun 2024 |
| IPO Price Band | ₹ 70 per share |
| Fresh Issue | Upto 51,84,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 36.29 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 13 Jun 2024 |
| IPO Closing Date | 19 Jun 2024 |
| Basis Of Allotment | 20 Jun 2024 |
| Refunds | 21 Jun 2024 |
| Demat Transfer | 21 Jun 2024 |
| IPO Listing Date | 24 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | NA | 0.02 | 0.64 | 115.53 |
| Total Expenses | 0.001 | 0.003 | 0.43 | 103.51 |
| Net Profit/Loss | -0.001 | 0.016 | 0.14 | 8.67 |
| NPM (*) | NA | NA | 31.51 | 7.52 |
| Total Assets | 1.07 | 15.60 | 53.68 | 81.68 |
| Total Liabilities | 1.07 | 8.78 | 43.74 | 67.81 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.00 | 0.02 | 0.14 | 7.97 |
| ROE (%) | -40.91 | 0.47 | 1.66 | 72.76 |
| ROCE (%) | -0.11 | -0.04 | 0.04 | 26.95 |
| D/E Ratio | 389.36 | 1.13 | 3.85 | 3.42 |
| Current Ratio | 281.10 | 0.61 | 1.15 | 1.39 |
| EBITDA MARGIN (%) | NA | NA | 2.65 | 15.33 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| United Cotfab Limited | 0.44 | 517.1 | 0.14 | 1.40 | 9.65 |
| Lagnam Spintex Limited | 304.66 | 8.93 | 5.53 | 10.35 | 53.36 |
| PBM Polytex Limited | 202.21 | 209.12 | 0.43 | 0.24 | 183.75 |
| Vippy Spinpro Limited | 156.32 | 9.47 | 18.25 | 15.02 | 121.50 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 114.71 |
| Retail Individual Investor (RII) | 77.22 |
| Total | 107.16 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Purva Sharegistry (India) Private Limited
Phone: +91 022 4961 4132/3190 8810
Email: newissue@purvashare.com
Website: www.purvashare.com
Company Promoters
- MR. NIRMALKUMAR MANGALCHAND MITTAL
- MR. GAGAN NIRMALKUMAR MITTAL
Lead Managers
- Beeline Capital Advisors Private Limited
Company Address
United Cotfab Limited
Survey No. 191, Village-Timba, Taluka-Dascroi, Timba, Ahmedabad, Dascroi -382425, Gujarat, India
Phone: +91 987987 4955
Email: info@unitedcotfab.com
Website: www.unitedcotfab.com
FAQs
- What is the issue size of the United Cotfab SME IPO?The United Cotfab SME IPO has an issue size of ₹ 36.29 crore. This includes a fresh issue of Upto 51,84,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the United Cotfab IPO?The price band for the United Cotfab IPO is ₹ 70 per share.
- What are the bidding dates for the United Cotfab IPO?The United Cotfab IPO will open for bidding on 13 Jun 2024 and close on 19 Jun 2024.
- What is the allotment date for the United Cotfab IPO?The allotment date for the United Cotfab IPO is 20 Jun 2024.
- What is the listing date for the United Cotfab IPO?The listing date for the United Cotfab IPO is 24 Jun 2024.
- What is the United Cotfab IPO grey market premium?The grey market premium (GMP) for the United Cotfab IPO is currently at ₹13, with an expected listing gain of approximately 18.57%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.