PNN
Ahmedabad (Gujarat) [India], June 11: Ahmedabad-based United CotFab Limited is engaged in manufacturing high quality recycled open-end cotton yarn obtained from cotton waste generated from spinning industry. Originally incorporated as United Cotfab LLP in 2015, is now entering the equity markets and has announced an initial public offering opening on June 13, 2024. The company aims to raise Rs 36.29 crore at an issue price of Rs 70/- per share. Each share has a face value of Rs 10, which will be listed on the BSE SME platform. The IPO closing date is June 19, 2024.IPO Information:
Issue Opens – Thursday, June 13, 2024
Issue closes - Wednesday, June 19, 2024
Issue size- Rs 36.29 crore.
Issue price Rs 70/-
Face value – Rs 10/-
Issue Type – Fresh Issue – Fixed Value
Number of Shares – 51,84,000 Equity Shares
Lot Size – 2000 Equity Shares
HNI Quota – 24,62,000 Equity Shares
Retail Quota – 24,62,000 Equity Shares
Market Maker Quota – 2,60,000 equity shares
The lead manager of the issue is Beeline Capital Advisors Pvt. Ltd. Ltd. and the registrar of the issue is Purva Shareregistry (India) Pvt. Ltd. Ltd.
Gagan Nirmalkumar Mittal, Chairman and Managing Director, who has over 18 years of experience in the textile industry, said, “We are delighted to announce our upcoming IPO. We have a strong hold in the yarn industry and are involved in the manufacturing of cotton open end I have years of experience.” Yarn.We are engaged in the sales and distribution channel of recycled open end cotton yarn and cotton yarn is the end product of cotton spinning, which is important for cotton woven or knitted fabric.
The proceeds from the issue will be used to meet working capital requirement and general corporate purposes.
United Cotfab Ltd
United Cotfab Limited is based in Daskroi-Ahmedabad, originally incorporated as United Cotfab LLP in 2015 under the LLP Act, 2008. Equipped with modern and automated plant and machinery for manufacturing high quality open-end yarn for the textile industry. The company uses 100 percent raw material derived from cotton waste obtained from the spinning industry, the cotton waste is used to manufacture the company's final products in various ranges of yarn from 6 count to 30 count, thereby reducing the waste. Is recycled into yarn.These yarns are sold to corporates and brands to make sustainable apparel. Apart from supporting the environment, the company has installed a 1 MW solar power plant to harness green energy. The manufacturing process maintains strict quality standards with advanced technology and machinery support, along with a manufacturing facility with an annual installed capacity of approximately 9,125 MT. Yarn is widely used in knitting, weaving, crocheting and various textile products.
The company recorded revenue of Rs 115.53 crore.With profit after tax of Rs 8.67 crore. Compared to revenue of Rs 64.02 crore in financial year 2023-24. With profit after tax of Rs 0.14 crore. In the financial year 2022-23.
For more information please visit: www.unitedcotfab.com
Disclaimer
United Cotfab Limited (the “Company”) is considering the potential to launch an initial public offering of its equity shares (“IPO”), subject to the necessary approvals, market conditions and other considerations and has submitted a prospectus to the SME Platform. Is. BSE Limited (“BSE SME”).Potential investors should be aware that investing in equity shares involves a significant level of risk. For detailed information in respect of such risks, potential investors are advised to refer to the section titled “Risk Factors” in the Prospectus (the “Company”), which includes initial public offerings subject to necessary approvals, market conditions and other considerations. The ability to start is being considered.Offering your equity shares (“IPO”)
Ahmedabad (Gujarat) [India], June 11: Ahmedabad-based United CotFab Limited is engaged in manufacturing high quality recycled open-end cotton yarn obtained from cotton waste generated from spinning industry. Originally incorporated as United Cotfab LLP in 2015, is now entering the equity markets and has announced an initial public offering opening on June 13, 2024. The company aims to raise Rs 36.29 crore at an issue price of Rs 70/- per share. Each share has a face value of Rs 10, which will be listed on the BSE SME platform. The IPO closing date is June 19, 2024.IPO Information:
Issue Opens – Thursday, June 13, 2024
Issue closes - Wednesday, June 19, 2024
Issue size- Rs 36.29 crore.
Issue price Rs 70/-
Face value – Rs 10/-
Issue Type – Fresh Issue – Fixed Value
Number of Shares – 51,84,000 Equity Shares
Lot Size – 2000 Equity Shares
HNI Quota – 24,62,000 Equity Shares
Retail Quota – 24,62,000 Equity Shares
Market Maker Quota – 2,60,000 equity shares
The lead manager of the issue is Beeline Capital Advisors Pvt. Ltd. Ltd. and the registrar of the issue is Purva Shareregistry (India) Pvt. Ltd. Ltd.
Gagan Nirmalkumar Mittal, Chairman and Managing Director, who has over 18 years of experience in the textile industry, said, “We are delighted to announce our upcoming IPO. We have a strong hold in the yarn industry and are involved in the manufacturing of cotton open end I have years of experience.” Yarn.We are engaged in the sales and distribution channel of recycled open end cotton yarn and cotton yarn is the end product of cotton spinning, which is important for cotton woven or knitted fabric.
The proceeds from the issue will be used to meet working capital requirement and general corporate purposes.
United Cotfab Ltd
United Cotfab Limited is based in Daskroi-Ahmedabad, originally incorporated as United Cotfab LLP in 2015 under the LLP Act, 2008. Equipped with modern and automated plant and machinery for manufacturing high quality open-end yarn for the textile industry. The company uses 100 percent raw material derived from cotton waste obtained from the spinning industry, the cotton waste is used to manufacture the company's final products in various ranges of yarn from 6 count to 30 count, thereby reducing the waste. Is recycled into yarn.These yarns are sold to corporates and brands to make sustainable apparel. Apart from supporting the environment, the company has installed a 1 MW solar power plant to harness green energy. The manufacturing process maintains strict quality standards with advanced technology and machinery support, along with a manufacturing facility with an annual installed capacity of approximately 9,125 MT. Yarn is widely used in knitting, weaving, crocheting and various textile products.
The company recorded revenue of Rs 115.53 crore.With profit after tax of Rs 8.67 crore. Compared to revenue of Rs 64.02 crore in financial year 2023-24. With profit after tax of Rs 0.14 crore. In the financial year 2022-23.
For more information please visit: www.unitedcotfab.com
Disclaimer
United Cotfab Limited (the “Company”) is considering the potential to launch an initial public offering of its equity shares (“IPO”), subject to the necessary approvals, market conditions and other considerations and has submitted a prospectus to the SME Platform. Is. BSE Limited (“BSE SME”).Potential investors should be aware that investing in equity shares involves a significant level of risk. For detailed information in respect of such risks, potential investors are advised to refer to the section titled “Risk Factors” in the Prospectus (the “Company”), which includes initial public offerings subject to necessary approvals, market conditions and other considerations. The ability to start is being considered.Offering your equity shares (“IPO”)
