COTFAB (United Cotfab Limited) is a textile company located in Taluka, Ahmedabad-382405, Gujarat India, specializing in the manufacturing and export of a wide range of fabrics.
United Cotfab operates as a manufacturer and trader in the textile sector. The variety of textile items manufactured has expanded throughout time.
The company has built a reputation for producing high-quality textile products and caters to both domestic and international markets.
IPO Details: COTFAB (United Cotfab Limited)
Date (IPO) : 13th – 19th Jun 2024
Listing date: 24 Jun 2024
Type: SME
Face Value: ₹10 per share
Price range: 70 – 70
Listing: BSE
Minimum order quantity (Lot Size): 2000
The IPO price for United Cotfab is ₹70/share. An application requires a minimum lot size of 2000 shares. Retail investors need to invest at least ₹140,000. HNIs can invest as little as ₹280,000 in two lots (4,000 shares).
Company Details: COTFAB (United Cotfab Limited)
Incorporated in 2015
Industry: Textile Manufacturing
Products: Cotton Open End Yarn. The firm provides a wide variety of textiles, including cotton, polyester, blends, and other textile items. They are well-known for their high-quality, long-lasting products with unique designs.
Market Presence: Cotfab has a significant presence in both the domestic and international textile sectors. They export their products to several nations, utilizing a comprehensive distribution network.
Quality Assurance: The firm prioritizes quality control and uses cutting-edge technology and machinery in its production operations to guarantee that high standards are met.
Purpose of IPO: COTFAB (United Cotfab Limited)
Expansion: Proceeds from the IPO will be used to expand manufacturing capacities and enter new markets.
Debt Reduction: Part of the funds may be utilized to reduce existing debts, strengthening the company’s financial health.
R&D: Investment in research and development to innovate and improve product offerings.
Investor Interest: Given the company’s strong market position and growth potential, there is considerable interest from both retail and institutional investors.
United Cotfab IPO Promoter Holding
The company’s Promoters are Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.
Share Holding Pre Issue 100.00%
Share Holding Post Issue 69.84%
Financial Snapshot
Financial Year Ended | March 2021 | March 2022 | March 2023 | March 2024 |
Total Assets | 10.71 | 155.99 | 536.77 | 816.84 |
Revenue | – | 0.18 | 6.40 | 1,155.27 |
Profit After Tax | (-0.01) | 0.16 | 1.39 | 86.66 |
EPS | (0.00) | 0.02 | 0.14 | 7.97 |
*All figures except EPS are in ₹ Crores
To Know more about the company visit Website: https://www.unitedcotfab.com/
To apply for an IPO: https://zerodha.com/ipo/380821/united-cotfab
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