UNITED COTFAB Limited IPO GMP

UNITED COTFAB LIMITED is a manufacturer of 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.

UNITED COTFAB LIMITED, a Fixed Price issue amounting to Rs 36.28 crores, consisting entirely of a fresh issue of 51.84 lakh shares. The subscription period for the IPO opens on June 13, 2024, and closes on June 19, 2024. The allotment is expected to be finalized on THURSDAY, JUNE 20, 2024, and the shares will be listed on the BSE SME with a tentative listing date set for MONDAY, JUNE 24, 2024.

The price is set at ₹70 per share, with a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹140,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4000 shares), amounting to ₹280,000.

Beeline Capital Advisors Private Limited is the book-running lead manager, Purva Sharegistry (India) Private Limited is the registrar. Spread X Securities Private Limited is also the market maker for the United Cotfab IPO.

Grey Market Premium (GMP) of United Cotfab Limited

The Grey Market Premium is expected in the range of Rs 11 - Rs. 21 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Objectives of United Cotfab Limited

United Cotfab Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purposes

Refer to UNITED COTFAB RHP for more details about the Company.