Connect with us


United Cotfab makes stable debut on the stock market; lists at 7% premium | Market News

United Cotfab makes stable debut on the stock market;  lists at 7% premium |  Market News
United Cotfab makes stable debut on the stock market;  lists at 7% premium |  Market News


United Cotfab list: Shares of United Cotfab made a stable debut on BSE SME on June 24, 2024. The shares opened at Rs 75, marking a rise of 7.14 percent from the issue price of Rs 70.

After the listing, the stock jumped 12.5 per cent to hit an intraday high of Rs 78.75 per share.

Founded in 2015, United Cotfab Limited specializes in the production of premium open ended yarns for the textile sector. Its clientele includes textile manufacturers, clothing exporters and distributors. The company offers a range of products, including open ended cotton yarn and cotton yarn, manufactured at its state-of-the-art factory located in Taluka, Ahmedabad.

As of March 31, 2024, the company employed 118 people and operated an annual production capacity of approximately 9,125 metric tons.

The company's market capitalization is Rs 135.37 crore, according to the Bombay Stock Exchange (BSE).

Subscription details

United Cotfab's IPO saw strong demand, with an overall subscription rate of 107.16 times. Specifically, the Retail category has subscribed 77.22 times, while the Others category has subscribed 114.71 times as of June 19, 2024.

IPO Details

The United Cotfab IPO was a fixed price issue of Rs 36.29 crore, with a fresh issue of 51.84 lakh shares.

United Cotfab's IPO offering began on June 13, 2024 and ended on June 19, 2024.

Beeline Capital Advisors Pvt Ltd was the lead manager of United Cotfab's IPO, while Purva Sharegistry India Pvt Ltd was the issue registrar. The market maker for the United Cotfab IPO was Spread X Securities.


The Company plans to use the funds to meet its working capital requirements, general corporate purposes and to meet public offering expenses.

Financial performance

United Cotfab Limited's revenues soared by 17,945.5 per cent and profit after tax (PAT) soared by 6,121.4 per cent between the financial year ending March 31, 2024 and March 31, 2023.

First publication: June 24, 2024 | 11:21 a.m. EAST




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]