VEDANT POLY FABS LTD. SHARES MAKE FLAT DEBUT

VPFL Shares of Vedant Poly Fabs made a flat debut on the stock market on November 9, 2026, listing at their initial public offering price of Rs 94 per share on the NSE Emerge platform. The listing came marginally below grey market expectations. Ahead of the debut, the shares were trading at a grey market premium (GMP) of around Rs 1, or 1.06 percent, over the upper end of the IPO price band, according to Investor Gain. However, the GMP is an unofficial indicator and does not guarantee actual listing performance. The company had set the IPO price band at Rs 88-94 per share, with a face value of Rs 10 each. The public issue opened for subscription on November 2 and closed on November 4, 2026. The IPO received an overall subscription of 1.85 times, according to NSE data. The individual investor category was subscribed 2.26 times, while the non-institutional investor (NII) segment witnessed 1.34 times subscription. The qualified institutional buyers category, excluding anchor investors, was subscribed 1 time. Vedant Poly Fabs is engaged in manufacturing flexible packaging materials. Its product portfolio includes multilayer low-density films, shrink films, barrier films, printed laminates, and packaging solutions such as milk and oil pouches. The company primarily serves business-to-business customers across various industries, including food and beverages and other consumer goods.