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.
| Purpose | Amount (₹ Cr) |
|---|---|
| To Meet Working Capital Requirements | — |
| General Corporate Purposes | — |
| To meet Public Issue Expenses | — |
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 8,168 | 5,368 | 1,560 |
| Revenue | 11,553 | 64 | 2 |
| PAT | 867 | 14 | 2 |
| Net Worth | 1,356 | 994 | 682 |
| Reserves | 188 | — | — |
| Total Borrowing | 4,751 | 3,821 | 773 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,462,000 (47%) | — |
| Retail (RII) | — | 2,462,000 (47%) | — |
| Market Maker | — | 260,000 (5%) | — |
| Total | — | 5,184,000 (100%) | — |
* Amount calculated at upper price band (₹70) · ** Total includes all investor categories
- 1 Initiation of Refund 21 Jun 2024
- 2 Credit of Shares to Demat 21 Jun 2024
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹7 compares to post-issue EPS of ₹5 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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