United Cotfab Limited IPO GMP Today, Price Range and Company Details

United Cotfab Limited IPO offers shares at ₹70, with a ₹21 Grey Market Premium. Available in 2000 share lots, the subscription runs from June 13 to June 19, 2024.
United Cotfab Limited IPO GMP Today, Price Range and Company Details

As of June 12, 2024, United Cotfab has ₹21 as Grey Market Premium, with a price range of ₹70 per share. Offering lots of 2000 shares, the subscription window is open from June 13 to June 19, 2024.

United Cotfab Limited IPO GMP Today

The Grey Market Premium (GMP) for United Cotfab Limited is ₹21 as of June 12, 2024. This assessment coincides with a price of ₹70 per share for the IPO.

United Cotfab Limited IPO Review

United Cotfab Limited has shown robust financial growth, with revenues jumping from ₹44.20 lakhs in March 2023 to ₹11,529.41 lakhs by March 2024. Profits surged from ₹1.60 lakhs to ₹866.65 lakhs during this period, significantly boosting EPS from ₹0.02 to ₹7.97, indicating strong investor potential.

The company’s financial strength is evident from its enhanced asset base and improved inventory turnover, suggesting effective management and sales efficiency. However, a higher debt-equity ratio and an increasing current ratio highlight greater reliance on debt and liquidity pressures, respectively.

United Cotfab Limited IPO Date

United Cotfab Limited will start accepting subscriptions from June 13, 2024, to June 19, 2024

United Cotfab Limited IPO Price

United Cotfab Limited’s price range is ₹70 per share with a face value of ₹10 each.

United Cotfab Limited

United Cotfab Limited specialises in producing top-tier open-end yarn for the textile sector, using cutting-edge technology and machinery in their automated facility. They emphasise rigorous raw material testing, comprehensive quality control, and sustainability, focusing on minimising waste and conserving energy. Their commitment to quality, reliability, and timely delivery cultivates enduring client partnerships.

How To Apply For United Cotfab Ltd IPO?

To apply for the United Cotfab through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for United Cotfab on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the United Cotfab IPO at Alice Blue in just a few clicks!

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