United Cotfab Share Price

United Cotfab Limited was originally incorporated as United Cotfab LLP as a limited liability partnership dated August 25, 2015, with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Later on, United Cotfab LLP was converted into United Cotfab Private Limited dated November 2, 2023 and then to United Cotfab Limited with a fresh certificate of incorporation dated December 14, 2023 obtained from the Registrar of Companies, Ahmedabad. The company is engaged in the manufacturing of high quality open end yarn catering to the textile industry. During Financial Year 202023, Company was in the process acquisition of land admeasuring area of 7264 sq mtrs located at Village Timba, Taluka Daskroi, Ahmedabad, for setting up Manufacturing facility having an installed capacity of approx 9125 (MT) per annum. The companies Manufacturing facility is close to the rich cotton growing areas of Saurashtra region of Gujarat and Maharashtra. The company Company commenced the production of cotton yarn in April 2023. The Manufacturing facility is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of our Company. The companies technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which the company is able to ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry. The experienced team of technicians and operators ensure that every batch of open end yarn produced meets the highest quality parameters. The company has implemented a comprehensive quality management system that covers every stage of production. The company conducts rigorous testing and inspection of raw materials, intermediate products and final yarns to ensure they meet the specified standards. Till March, 2023, The company was engaged in the business of trading of cotton yarn. In April 2023, the Company commenced the manufacturing of open ended cotton yarn with effect from December 8, 2023.The Company launched the IPO by issuing 5184000 equity shares of Rs 10 each and raised Rs 36.29 Crore through fresh issue on 19 June 2024.