What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the United Cotfab Limited IPO allotment date?

The basis of allotment for United Cotfab Limited IPO is scheduled to be finalized on 20 Jun 2024.

Where can I check United Cotfab Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Purva Sharegistry India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 21 Jun 2024.

IPO GreyPremiumLIVE

Grey Market Intelligence

United Cotfab Limited

ListedSME

Textiles · BSE

Founded in 2015, United Cotfab Limited manufactures high-quality open-end cotton yarn for the textile industry. They supply yarn to textile manufacturers, garment exporters, and distributors. The company produces Open End Cotton Yarn and Cotton Yarn using advanced technology and strict quality standards. Their manufacturing unit, located in Taluka, Ahmedabad, has a production capacity of around 9125 metric tons per year. As of March 31, 2024, the company has a dedicated team of 118 employees.

Price Band

₹70

Issue Size

₹36.29 Cr

Lot Size

2000 shares

GMP

₹13

+18.6%

Est. Listing

₹83

at current GMP

Subscribed

107.22x

overall

Open

13 Jun 2024

19 Jun 2024

Allotment

20 Jun 2024

Refund

21 Jun 2024

Demat Credit

22 Jun 2024

Listing

24 Jun 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

United Cotfab Limited Allotment Status

Designated Registrar: Purva Sharegistry India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

20 Jun 2024

Basis finalization

Refunds Initiate

21 Jun 2024

Mandate release

Demat Credit

22 Jun 2024

Shares in demat

Listing Debut

24 Jun 2024

Trading begins

About United Cotfab Limited Public Issue & Market Profile

United Cotfab Limited is bringing an initial public offering (IPO) in the Textiles sector with an aggregate issue size of ₹36.29 Crores. The shares are offered at a price band of ₹70 to ₹70 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-22, while un-allotted funds or UPI block mandates will be released on 2024-06-21.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.