United Polyfab Gujarat Share Price

United Polyfab Gujarat Limited was initially incorporated as 'United Polyfab (Unit-II) Private Limited' dated November 16, 2010, with the Registrar of Companies, Ahmedabad. Consequent upon the conversion to Public Limited, the name was changed to 'United Polyfab (Unit-II) Limited' dated December 3, 2015 and again to United Polyfab Gujarat Limited dated December 11, 2015, issued by Registrar of Companies. The Company is a vertically integrated textile manufacturer based in Ahmedabad, Gujarat. With operations spanning spinning, weaving, and finishing, the Company delivers high-quality cotton yarn and fabrics across diverse applications. In the initial stages of 3 years till September, 2013 the Company was engaged in the trading business of Grey cloth fabrics. However, Promoters are engaged in the business of manufacturing and trading since 2006. To avail the rich experience of promoters in the said field, the Company commenced the manufacturing/weaving of Grey denim, Grey shirting fabric and cotton grey fabric by installing 42 Airjet automatic Looms in October, 2013. It also does the job work of manufacturing/ weaving of gray denim, gray fabric, and gray cotton fabric. The Company is having two units. In one unit company is carrying the business of manufacturing of grey cloth & job work. It uses yarn cloth as raw material & manufactures grey cloth using that. In the second unit, company running spinning unit, in that, the Company uses cotton & manufactured yarn. The Company set up a spinning unit at Timba as a part of backward integration in 2014-15. The Company operates at its average production capacity of 1500000 meters of gray fabric, dyed Fabric, 100% cotton yarn production per month. After establishing the strong foothold in the trading and manufacturing (weaving/spinning) activities, as a part of the backward integration, the Company had set up a spinning unit with the installed capacity of 40,000 spindles at Timba Village, Daskroi. On 30 May 2016, the Company launched the IPO of 17,01,000 equity shares having the face value of Rs 10 each by raising funds aggregating to Rs 7.65 Crore through fresh issue.