United Cotfab Limited (BSE SME)
Jun 13, 2024 - Jun 19, 2024
| Price | ₹70 - ₹70 |
| Premium | ₹13 |
|---|---|
| Lot size | 2000 |
| Allotment | Jun 20, 2024 |
| Listing | Jun 24, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 140000 | 1231 |
| HNI | 2 | 4000 | 280000 | 1231 |
Last updated on 19 Jun 2024 05:57:08 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 2462000 | 337816000 | 137.21 |
| Retail | 2462000 | 190114000 | 77.22 |
| Total | 4924000 | 527930000 | 107.22 |
| Total Application : 114,473 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹12.89 | @8% ₹14.74 | @9% ₹16.58 | @10% ₹18.42 | @11% ₹20.26 | @12% ₹22.1 |
United Cotfab IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2462000 |
| Other | 47.5% | 2462000 |
| Market Maker | 5.02% | 260000 |
| Total No. of Shares | 100.0% | 5184000 |
United Cotfab IPO Details
| Issue Size | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Fresh Issue | 5,184,000 shares (aggregating up to ₹36.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,006,000 |
| Share holding post issue | 17,190,000 |
| Market Maker Portion | 260,000 Shares Spread X Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 72.76% | 1.66% | 0.47% |
| ROCE | 26.95% | 0.04% | -0.04% |
| RONW | 63.89% | 1.40% | 0.23% |
| D/E | 3.42 | 3.85 | 1.13 |
| EPS (basic & diluted) | 7.97 | 0.14 | 0.02 |
| P/E | 8.78 |
Company Financials
United Cotfab Limited Financial Information (Restated)
United Cotfab Limited's revenue increased by 3305.32% and profit after tax (PAT) rose by 770.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 8,168.46 | 5,367.71 | 1,559.95 | 107.10 |
| Revenue | 11,552.74 | 64.02 | 1.88 | |
| Profit | 866.65 | 13.93 | 1.60 | -0.11 |
| Net Worth | 1,356.42 | 993.56 | 681.97 | 0.22 |
| Reserves | 188.10 | |||
| Borrowing | 4,750.93 | 3,821.18 | 773.47 | 106.50 |
| Amount in ₹ Lakhs | ||||
About Company
Incorporated in 2015, United Cotfab Limited specializes in the production of high-quality open-end yarn for the textile industry, catering to clients such as textile manufacturers, garment exporters, and distributors. The company's product portfolio includes Open End Cotton Yarn and Cotton Yarn, produced through a manufacturing process that adheres to stringent quality standards and is supported by advanced technology and machinery. Situated in Taluka, Ahmedabad, the company's manufacturing facility boasts an installed capacity of approximately 9125 metric tons per annum. As of March 31, 2024, United Cotfab Limited employs a dedicated workforce of 118 employees.
Strength Factors
Experienced Promoters: United Cotfab Limited benefits from the leadership of seasoned promoters with extensive industry experience, providing strategic guidance and fostering business growth.
Location Advantage: The manufacturing facility's strategic location in Taluka, Ahmedabad, offers logistical advantages, including proximity to raw material sources and key markets, reducing transportation costs and improving supply chain efficiency.
Scalable Business Model: The company's scalable business model allows for expansion and adaptation to market demands, supported by its significant installed capacity and advanced technology, ensuring it can meet increasing customer needs and market opportunities effectively.
Risk Factors
Outstanding Legal Proceedings: The company, its promoters, directors, and group companies are involved in ongoing legal proceedings. Any adverse decisions in these cases could significantly impact the company's business, operational results, and financial condition.
Limited Operating History: With a relatively short history of manufacturing operations, it may be challenging for investors to accurately assess the company's historical performance or predict its future prospects.
Lender Charges: The company's movable and immovable properties are encumbered due to financing arrangements, which could pose risks if the company faces financial difficulties or defaults on its loans.
Beeline Capital Advisors Pvt Ltd
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query