The stock markets in India are in favourable territory and the overall investor sentiment remains positive. In the midst of it, a number of initial public issues have emerged and been instantly snapped up by a hungry investor community. The latest to enter the arena today is United Cotfab IPO whose subscription has simply skyrocketed. With such a strong performance, everyone is eyeing the United Cotfab IPO GMP today under the belief that the sentiment would be showing up in the grey market premium numbers. Has it really, or not? Check out the GMP as well as United Cotfab IPO subscription below and much more.
United Cotfab IPO subscription
Subscription started today (Thursday, June 13) and is set to end on Wednesday, June 19 due to the weekend falling in between.
United Cotfab IPO has been fully subscribed by 2.95 times today. The retail category subscription was 4.59 times, but NII category managed only 0.65 times today.
United Cotfab IPO GMP today
United Cotfab GMP today at 4:02 PM was in positive territory at Rs 12. The price band of the issue is Rs 70.00 and at current stage, the IPO may list at Rs 82, Chittorgarh.com revealed and put the “gain/loss” at 17.14%.
United Cotfab IPO details
United Cotfab IPO is a strictly fresh issue of shares and there is no offer-for-sale (OFS) component. This component comprises 51.84 lakh shares. For retail investors, the company has reserved as much as 50% of the net issue. Notably the HNI component is 4,62,000 shares. The issue is worth Rs 36.29 cr. United Cotfab IPO price band is Rs 70 with a face value of Rs 10. Importantly, the IPOs lot size is 2,000 shares.
Investors should also note who the lead managers and registrar are. While Beeline Capital Advisors is the lead manager, Purva Sharegistry is the registrar.
United Cotfab IPO dates
Among the other important dates for the United Cotfab IPO are:
United Cotfab IPO allotment. The same is expected to be finalised on June 20; the refund process is set to start to June 21 and for those lucky investors whose bids were successful the demat transfer is expected to happen on June 21. And finally, United Cotfab IPO listing is slated for June 24
About United Cotfab
It is engaged in the production of high-quality open-end yarn meant for the textile industry. The manufacturing process has received a boost through its use of cutting-edge technology.
United Cotfab IPO subscription has got off to a splendid start on day 1. Notably, United Cotfab IPO GMP today is in the green too. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
