United Cotfab IPO’s allotment date is scheduled for June 20 which means that those who have applied for the issue can check if they have been allocated the shares in the IPO. The issue was priced at a range of 70 per share with a face value of 10. Investors could bid for the IPO in lots of 2000 shares and in multiples thereafter. Investors can check the allotment status on the BSE platform or the website of IPO registrar Purva Sharegistry India.

United Cotfab Limited IPO: Net proceeds from the IPO will be used by the company for working capital needs, general corporate purposes and issue expenses.

The IPO is valued at 36.29 crore and has no offer-for-sale component. Net proceeds from the IPO will be used by the company for working capital needs, general corporate purposes and issue expenses. Beeline Capital Advisors manages the IPO while Spread X Securities is the market maker.

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