- Summary
- The IPO of Vedant Poly Fabs would be available from 2nd November 2026 to 4th November 2026. The price band per share ranges from ₹88 to ₹94, and the company’s total offer size is ₹56.68 crore.
- Vedant Poly Fabs is an organization that manufactures flexible packaging materials for various industries, including food, beverages, dairy, and consumer goods. The lot size of shares is 1,200. For retail investors, the minimum and maximum application amounts are 2 lots of 2,400 shares, totaling ₹2,25,600.
- Under the S-HNI category, the minimum is 3 lots of 3,600 shares, amounting to ₹3,38,400, and the maximum is 8 lots of 9,600 shares, amounting to ₹9,02,400.
The Vedant Poly Fabs IPO is a book-built SME issue valued at ₹56.68 crore with a fresh issue of ₹51.01 crore and an OFS of ₹5.67 crore. The Vedant Poly Fabs IPO dates are from 2 November 2026 to 4 November 2026, with a price range of ₹88 – ₹94 per share.
The basis of allotment will be on 5 November 2026, while refunds and demat credit of shares will be on 6 November 2026. Listing will be done on 9 November 2026 on NSE Emerge.
The lot size is 1,200 shares; under the retail category, a minimum of 2 lots, totaling 2,400 shares, amounts to ₹2,25,600. Under the B-HNI category, the minimum is 9 lots of 10,800 shares, totaling ₹10,15,200.
Vedant Poly Fabs IPO Key Details
Here is a quick look at the important details of the Vedant Poly Fabs IPO:
| IPO Open Date | 2 November, 2026 |
| Close Date | 4 November, 2026 |
| Face value | ₹10 per share |
| Price Band | ₹88 to ₹94 |
| Issue price | – |
| IPO Lot Size | 1,200 shares |
| Offer for sale | 6,03,600 shares |
| Fresh issue | 54,26,400 shares |
| Issue Type | Bookbuilding IPO |
| Listing at | NSE SME |
| Total Issue Size (₹ Crore) | 60,30,000 shares (~₹57 cr) |
| Minimum Investment | ₹2,25,600 (2,400 shares) |
Vedant Poly Fabs IPO Timeline
The key dates for the Vedant Poly Fabs IPO are given below:
| Bidding Opens | 2 November, 2026 |
| Bidding Closes | 4 November, 2026 |
| Allotment Planned For | 5 November, 2026 |
| Refunds Start On | 6 November, 2026 |
| Share Credit to Demat | 6 November, 2026 |
| Listing Scheduled | 9 November, 2026 |
| Cut-off for UPI mandate | 4 November, 2026 5:00 PM |
Vedant Poly Fabs Key Performance Indicators (KPIs)
Vedant Poly Fabs IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 38.03% | 47.31% | 20.97% |
| ROCE (%) | 46.34% | 62.07% | 23.73% |
| Debt-Equity (times) | 1.11 | – | – |
| RoNW (%) | 25.95% | 29.57% | 16.48% |
| PAT Margin (%) | 9.52% | 5.63% | 1.28% |
| EBITD Margin (%) (Operating) | 16.50% | 9.56% | 2.60% |
| Price Book Value | 3.28 | – |
Vedant Poly Fabs IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 9,780 | 5,540 | 1,888 |
| Revenue from operations | 11,513.91 | 8,102.12 | 4,953.46 |
| Profit After Tax | 1,096.62 | 456.06 | 63.59 |
Vedant Poly Fabs IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Vedant Poly Fabs IPO Grey Market Premium
The listing date for the Vedant Poly Fabs IPO is expected on 9, November 2026, with a price range of ₹88- ₹94 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| GMP Date | GMP | Est. Listing Price on upper price-₹94.00 | Est. Profit* | Trend |
| 30-Oct 19:28 | ₹0 (0.00%) ─ | ₹94 | ₹0 | Initial |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Vedant Poly Fabs IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | – |
| QIB | Not more than 50% of the net offer |
| NIIs | Not less than 15% of the net offer |
| Retail Investors | Not less than 35% of the net offer |
| Total Shares | – |
Vedant Poly Fabs IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 2 | 2,400 | ₹2,25,600 |
| Individual Investor – Maximum | 2 | 2,400 | ₹2,25,600 |
| S-HNI Minimum | 3 | 3,600 | ₹3,38,400 |
| S-HNI Maximum | 8 | 9,600 | ₹9,02,400 |
| B-HNI Minimum | 9 | 10,800 | ₹10,15,200 |
Vedant Poly Fabs IPO Anchor Investors
The allotment status of the Vedant Poly Fabs IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Vedant Poly Fabs IPO Prospectus
For more information on the Vedant Poly Fabs IPO, check the links below:
| DRHP |
| RHP |
About Vedant Poly Fabs IPO
Incorporation: 2018
Managing Director: Pankaj Kumar Maheshwari
Vedant Poly Fabs Limited is involved in the production of flexible packaging materials and distributes them to other companies in India. Some of the products offered by this company include multi-layer plastic films, shrink films, barrier films, printed laminates and pouches for milk and edible oil packaging. The products are mainly used in the food and beverages, dairy and consumer goods industries.
This company deals with various manufacturing operations, such as film extrusion, printing, laminating, slitting, quality testing, and pouching. It also offers packaging materials that are custom-made according to customer’s specifications. This company operates on a model of selling packaging materials to other companies.
| Issue Registrar | Cameo Corporate Services Ltd. |
| Lead Manager | Affinity Global Capital Market Pvt. Ltd. |
Vedant Poly Fabs IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ Lakhs) |
| Funding incremental working capital requirements of the company | 1,759.30 |
| Prepayment or repayment of all or a portion of certain secred/ unsecured outstanding borrowings | 800.00 |
| Funding capital expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility | 651.29 |
| General corporate purposes |
Strengths of Vedant Poly Fabs IPO
Vedant Poly Fabs Ltd. is engaged in producing flexible packaging materials for companies across various industries, including food, beverages, and dairy. The company’s financial performance, manufacturing capacity, and profitability are among the factors to consider when evaluating the company’s IPO.
- Growth in Revenues: Vedant Poly Fabs generated revenue from operations of ₹11,513.91 lakhs in FY26, compared with ₹8,102.12 lakhs in FY25 and ₹4,953.46 lakhs in FY24. This shows an increase in the company’s business activity.
- Variety of Products and Customization: The company manufactures three-layer and five-layer plastic films, shrink films, barrier films, printed laminates, and milk and oil pouches. This variety of products enables the company to meet different packaging requirements of food, dairy, and consumer goods companies. The company can customize the thickness, composition, size, and print on films.
- Being Exposed to Growth in the Flexible Packaging Market: The company’s business activities are in India’s flexible packaging industry. According to industry estimates provided by the company during its IPO, the flexible packaging market in India is expected to grow from USD 20.41 billion in 2025 to USD 35.11 billion in 2030, at a compound annual growth rate of 11.46%.
Risks of Vedant Poly Fabs IPO
While Vedant Poly Fabs Ltd. is experiencing robust performance, with growth in both revenues and profits, it is important for investors to consider the firm’s high borrowings, reliance on suppliers and clients, and cash flows, which influence its ability to maintain such growth.
- High Dependence on a Smaller Number of Suppliers: The top 5 suppliers accounted for 79.32% of total supplies in FY26, and the top 10 accounted for 90.16%. Such heavy reliance on a small number of suppliers is risky, as any disruption or price increases can disrupt production schedules and raise costs.
- Risks of Customer Concentration: The company’s top five customers accounted for 59.97% of revenue in FY26, while its top ten customers accounted for 69.44%. Reliance on customer concentration exposes revenue to changes in the purchasing decisions, orders, and contract terms of the company’s major customers. Loss of a major customer or a decrease in orders could result in idle production capacity and pressure on profitability.
- Competition within the Packaging Industry: Vedant Poly Fabs faces competition from organized manufacturers and small-scale packaging companies that may produce the same product at different rates. The competition might constrain the company’s capacity to increase its selling prices or maintain the same with favorable terms. An increase in input costs without raising selling prices would challenge the company’s EBITDA of 16.50% in FY26.
Vedant Poly Fabs IPO Review
Vedant Poly Fabs Ltd is involved in the flexible packaging business, manufacturing plastic films, printed laminates, barrier films, and pouches for applications in industries such as food, dairy, and consumer goods. In FY26, Vedant Poly Fabs Ltd earned revenue from operations of ₹11,513.91 lakhs and a profit after tax of ₹1,096.62 lakhs, higher than the ₹8,102.12 lakhs in revenue and ₹456.06 lakhs in profit earned by the company in FY25.
The current issue is a book-built one that consists of both fresh issues and an offer for sale. The company intends to use a portion of the funds raised to meet its working capital requirements and to purchase machinery.
However, the top five suppliers accounted for 79.32% of total purchases, while the top five customers accounted for 59.97% of total sales in FY26.
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Vedant Poly Fabs IPO FAQs
Vedant Poly Fabs is involved in the flexible packaging business, manufacturing plastic films, printed laminates, barrier films, and pouches for applications in industries such as food, dairy, and consumer goods. The offer starts on 2, November, 2026 and ends on 4, November, 2026.
Investors can apply for the IPO through their stockbroker or through any approved online IPO portal. Investors usually have the option to apply for the IPO through the ASBA route via banks.
Investors are required to evaluate the company themselves by considering the merits and demerits of the company’s financials, borrowings, customers, suppliers, and the purpose for raising funds via the IPO.
There is no guaranteed return from an IPO. Post-listing stock price may vary depending on market conditions, demand, performance, and trading activity. GMP is also unscheduled and can be revised even prior to listing.
Vedant Poly Fabs IPO is set to open on November 2, 2026. The closing date of the IPO is November 4, 2026, as per the available IPO schedule.
The number of shares in each lot is 1,200. The price band is ₹88-₹94, and the listing is on the NSE SME platform.
The allotment date is set for November 5, 2026. The next step will be the refund and allotment of shares in accordance with the final allotment.
The shares will be listed on November 9, 2026. The listing will be done on the NSE SME platform as per the IPO schedule.
