United Cotfab Limited

About the company

## **About United Cotfab Limited** Incorporated in 2015, United Cotfab Limited is engaged in the business of trading cotton yarn. In April 2023, United Cotfab Limited commenced the manufacturing of open ended cotton yarn. Cotton yarn is a type of yarn that is made from cotton fibres. Cotton yarn comes in various thicknesses, known as yarn weights, which determine its suitability for different products. Common yarn weights include lace, fingering, sport, worsted, and bulky, each with its own characteristics and recommended uses. It is widely used in the textile industry for various applications, including knitting, weaving, and crocheting. Cotton yarn is known for its softness, breathability, and versatility, making it a popular choice for clothing, home textiles, and other fabric-based products. Yarn is the end product of spinning. It is the primary component for any Cotton woven or knitted fabric. Cotton yarn is used to make different types of fabrics. In some cases, the cotton yarn is blended with some other yarn in different ratios to provide different effects like shining or to lend more elasticity to the yarn. It is the yarn count and the twisting mode of the yarn that actually determines the overall strength and look of the manufactured fabric.The manufacturing facility is at Ahmedabad in the close vicinity of the cotton rich belt of Gujarat and Maharashtra. The small staple cotton is also available in the months of February to April. All infrastructure facilities like availability of skilled labour, raw material, technology; Communication, transportation etc. are easily available due to extensive industrialization in the area. The end users of cotton yarn can vary across different industries. Cotton yarn is commonly used in the textile and apparel industry for making various kinds of fabrics, grey cloth and denim. It is also used in the home furnishing industry for making curtains, drapes, and other fabric-based items. Additionally, cotton yarn is utilized in the crafting and DIY sector for knitting, crocheting, and other textile-based projects. They focus on maximum capacity utilization, developing linkages with quality raw material suppliers and achieving consequent economies of scale. United Cotfab Limited  Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. To Meet Working Capital Requirements  1. General Corporate Purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   13 Jun 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   19 Jun 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   15 Jun 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   21 Jun 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   20 Jun 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Jun 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.