News Details

( As on 10/06/2024 15:43)

United Cotfab announces launch of initial public offering

United Cotfab Ltd. has announced public offering of 5184000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 3,628.80 lakhs.

The company's initial public offer (IPO) will open on 13 June 2024 and is expected to close on 19 June 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 5184000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

United Cotfab Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.