The IPO of United Cotfab is a fixed-price issue valued at ₹36.29 crores, consisting entirely of 51.84 lakh fresh shares. The subscription window for the United Cotfab IPO opens on June 13, 2024, and it will close on June 19, 2024. The allotment process is expected to be finalized on Thursday, June 20, 2024. The company plans to list its shares on the BSE SME, with a tentative listing date set for Monday, June 24, 2024.
The price per share for the IPO of United Cotfab is ₹70. Retail investors can apply for a minimum lot size of 2000 shares, requiring an investment of ₹140,000. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (4,000 shares), totaling ₹280,000.
Notably, United Cotfab operates in the textile manufacturing sector, specializing in the production of a wide range of fabrics. The book running lead manager for this IPO is Beeline Capital Advisors Pvt Ltd, while Purva Sharegistry India Pvt Ltd serves as the registrar for the issue. The market maker for the United Cotfab IPO is Spread X Securities.
Check the GMP of United Cotfab IPO below:
United Cotfab IPO Details:
| Company Name | United Cotfab |
| Sector | Travel and Tourism |
| IPO Type | SME |
| IPO Open date | 13th June 2024 |
| IPO Close date | 19th June 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
United Cotfab IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,40,000 |
| HNI (Min) | 2 | 4000 | 2,80,000 |
United Cotfab IPO Timeline:
| IPO Open Date | 13th June 2024 |
| IPO Close Date | 19th June 2024 |
| Basis of Allotment | 20th June 2024 |
| Refund Initiation Date | 21st June 2024 |
| Shares Credit to Demat | 21st June 2024 |
| Listing Date | 24th June 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
