United Polyfab Gujarat Limited SME IPO – Snapshot, Prospectus, Details

The company has received an approval letter dated April 15, 2016 from NSE for using its name in this offer document for listing shares on the NSE SME Platform.

Company Profile:-  The company was set up as on 11, December 2015 in Gujarat. Intial phase of the firm, it was only dealing the trading business of Grey cloth fabrics. Further, the company started the manufacturing/weaving of Grey denim, Grey shirting fabric and cotton grey fabric in October, 2013 due to which top line of the company has improved to Rs. 965.23 Lacs and Rs. 3183.66 Lacs in the FY 2014 and FY 2015 respectively.

Currently, company is having 42 Airjet automatic Looms having capacity to manufacture/weaving upto 688 meters grey denim/grey fabric/cotton grey fabric per day per 3 shifts Airjet automatic loom. Company operates at its average capacity of i.e. 7,00,000 meters per month.

The firm is also engaged to set up spinning unit with an installed capacity of 20064 spindles for which company has already purchased land admeasuring area of 15,935 sq. meters at village Timba, Daskroi, Ahmedabad.

Outlook of the company:-

  • Vast experience over 10 years with sound market knowledge
  • Prime Location of our weaving Unit
  • Quality Assurance

Purpose of the issue

  1. Expansion of business by setting up spinning unit;
  2. Meeting Public Issue Expenses.

United Polyfab Gujarat Limited SME IPO Prospectus

Summary Of Issue:

Issue Open:- May 25, 2016 – May 30, 2016
Issue Type Fixed Price Issue IPO
Issue Size (Shares) Fresh Issue of 1,701,000 Equity Shares of Rs 10
Issue Size in (Value) Rs. [ 7.65]Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [45] – Per Equity Share
Market lots [3000]Shares
Minimum Order Quantity [3000]Shares
Listing At SME, NSE

Promoters Of the Company:-

1) Mr. Nirmal Mittal:-  He is commerce graduate and having 35 years of experience in textile business. He is 59 years old.

2) Mr. Gagan Mittal :- He is having 9 years of experience in textile business. He is 33 years old.


Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Liabilities 3496.98 2745.19 2934.49 1146.43 106.24
Total Assets 3496.98 2745.19 2934.49 1146.43 106.24
Total Revenue 3496.49 3183.66 965.23 139.72 41.18
Total Expenses 3380.99 3118.44 927.34 139.13 40.81
Profit After Tax (PAT) 78.63 45.06 26.13 0.41 0.24


Lead Manager Details


808, Samedh Complex, Near Associated Petrol Pump,

C.G. Road, Ahmedabad – 380 006, Gujarat- India.

Tel No: +91-79- 40301750, Tele Fax No: +91- 79- 40024670

SEBI REGN NO: INM 000011260

Email Id: info@csapl.com

Website: www.csapl.com

Contact Person: Mr. Nevil R. Savjani

Registrar Of The Company


B-302, Sony Apartment, Opp. St. Jude High School, 90 ft. Road, Off

Andheri Kurla Road, Jarimari, Sakinaka, Mumbai – 400 072.

Tel: +91-22- 28520461/462, Fax:+91-22- 28511809

SEBI REGN NO: INR000003639

Email Id: service@satellitecorporate.com

Website: www.satellitecorporate.com

Contact Person: Mr. Michael Monteiro

Registered Office:

Survey No. 238, 239, Shahwadi, Opp. New Aarvee Denim,

Narol-Sarkhej Highway, Ahmedabad. Gujarat – 382405

Tel:- +91 9925232824;

Website: www.upgl.in

Company Secretary and Compliance Officer: Ms. Anjali Sangtani;

E-Mail: info@unitedpolyfab.com

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals