Ahmedabad based United Cotfab Limited's IPO Opens on 13th June 2024

Ahmedabad (Gujarat) [India], June 11: Ahmedabad based United Cotfab Limited is engaged in manufacturing of high quality recycled open-end cotton yarn derived from the cotton waste from spinning industry. Originally incorporated in 2015 as United Cotfab LLP is now entering in to equity market and has announced an Initial Public Offer to open on 13th June 2024. The company is aiming to raise Rs 36.29 Crore at an Issue Price of Rs 70/- per share having face value of each share is Rs 10, set to be listed on the BSE SME platform. IPO Closing date is 19th June 2024.