United Cotfab IPO allotment status expected on June 20: Steps to check status on BSE, Purva Sharegistry

United Cotfab IPO allotment status is scheduled to be finalised today, June 20, after a strong response from investors during the bidding round. The ₹36.29-crore BSE SME IPO was open for subscription between June 13 and June 19.

The initial public offer (IPO) of United Cotfab, a yarn manufacturer for the textile industry, is completely a fresh issue of 51.84 lakh shares of a face value of ₹10 each.

After the basis of share allotment under the IPO is finalized, the company will issue refunds to non-allottees and also credit shares to successful applicants. Subsequently, shares of the United Cotfab will be listed on the BSE SME platform.

Having participated in the bidding round, all these investors are eagerly awaiting to know their IPO allotment status, for which they can go to the official website of the BSE or visit the portal of the IPO registrar, Purva Sharegistry India Pvt Ltd.

Here's how to check the United Cotfab IPO allotment status on the BSE website:

• Go to BSE website through this link - https://www.bseindia.com/
• Select ‘public issue’ and click on ‘Status of Issue Application’ on the right
• Select 'Equity' under the section 'Issue Type'
• From the dropdown menu, choose 'United Cotfab Limited'
• Enter Application No./PAN to check status
• Confirm that you are 'Not a Robot'
• Click on the 'Submit' button to know the allotment status on your screen.

Steps to check the allotment status of the United Cotfab IPO on the registrar portal:

• Go to Purva Sharegistry India's official website - https://www.purvashare.com/
• Find 'Investor Service' tab at the top of the homepage
• Under the section, select 'IPO Allotment Query'
• Select company name 'United Cotfab' from drop-down menu
• Choose either Application No. or PAN
• Hit the 'Search' button
• Allotment status will appear on the screen.

Investors should remember that the allotment status will be known only after the basis of share allotment is finalized by the company. Also, only the successful applicant's name will appear during search by following the above mentioned steps on the said websites.

United Cotfab IPO subscription and other details

United Cotfab IPO was booked over 107 times on the final day, with bids coming in for 52.79 crore shares against 49.24 lakh shares on offer, according to BSE data.

Non-Institutional Investors (NIIs) bought over 28.26 crore shares against 24,62,000 shares set aside for them, with a subscription of 114.81 times. Retail investors offered bids for over 19.01 crore shares against 24,62,000 shares reserved under the category, showing a subscription of 77.21 times. The Qualified Institutional Buyers' (QIBs) portion saw bids for 5.51 crore shares on the final day of bidding.

United Cotfab IPO, with price fixed at ₹70 per share, closed for public subscription on June 19. The minimum lot size for subscription by retail investors was kept at 2,000 shares, seeking an investment of ₹1,40,000.

With the subscription over and allotment likely to be finalised today, the textile manufacturer will return money to those investors who have not received the IPO shares through bidding. They are expected to receive the refund on June 21 and the company will credit shares to successful investors on the same day.

Finally, the shares of the IPO will get listed on the BSE SME platform, with a tentative listing date being fixed as June 24.

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