United Polyfab Gujarat Limited has informed the Exchange about General Updates
UNITEDPOLY · price
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United Polyfab Gujarat Limited has received in-principle approval from BSE Limited for direct listing of 2,29,51,550 equity shares of Rs. 10 each. The approval was granted on April 30, 2026, by BSE's Internal Regulatory Oversight and Review Group. The company, formerly known as United Polyfab (Unit-11) Pvt. Ltd., is pursuing a direct listing route rather than a traditional IPO. The approval is valid for 45 days, and the company must now complete several formalities including paying initial listing fees of Rs. 20,000 and annual listing fees of Rs. 2,85,000, submitting a detailed listing application, shareholding pattern, and board documents.
This is a positive development for the company as it moves toward listing on BSE, providing liquidity to existing shareholders. However, it does not involve fresh capital raise typical of an IPO, so investor interest may be limited.