Vedant Poly Fabs IPO
Updated 28 Oct 2026, 6:50 pm.
Minimum investment (Individual investors (IND))
₹2,25,600
2 lots · 2,400 shares at the upper price band
Price band
₹88–94
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹56.68 Cr
Allotment status
Allotment is due on 5 Nov 2026. Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised5 Nov 2026(upcoming)
- Refunds start6 Nov 2026(upcoming)
- Shares credited to demat6 Nov 2026(upcoming)
- Listing9 Nov 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹88–94
- Issue size
- ₹56.68 Cr
- Lot size
- 1,200
- Opens
- 2 Nov 2026
- Closes
- 4 Nov 2026
- Allotment
- 5 Nov 2026
- Listing
- 9 Nov 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Cameo Corporate Services Ltd.
- Minimum investment
- ₹2,25,600 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹51 Cr
- Offer for sale
- ₹6 Cr
- Listing at
- NSE SME
- Refunds
- 6 Nov 2026
- Shares credited
- 6 Nov 2026
- Promoter holding
- 100% before · 70.08% after
- Lead managers
- Affinity Global Capital Market Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 28 Oct 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 2 to 4 Nov, 2026 |
|---|---|
| Listing Date | Mon, Nov 9, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹88 to ₹94 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,30,000 shares (agg. up to ₹ 57 Cr) |
|---|---|
| Fresh Issue | 54,26,400 shares (agg. up to ₹ 51 Cr) |
| Offer for Sale | 6,03,600 shares of ₹ 10 (agg. up to ₹ 6 Cr) |
| Share Holding Pre Issue | 1,47,25,214 shares |
| Share Holding Post Issue | 2,01,51,614 shares |
IPO Timetable (Tentative)
- IPO Open
- Mon, Nov 2, 2026
- IPO Close
- Wed, Nov 4, 2026
- Allotment
- Thu, Nov 5, 2026
- Refund
- Fri, Nov 6, 2026
- Credit of Shares
- Fri, Nov 6, 2026
- Listing
- Mon, Nov 9, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50.00% of the Net offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15.00% of the Net Offer |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,25,600 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,25,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,38,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,02,400 |
| B-HNI (Min) | 9 | 10,800 | ₹10,15,200 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
About Vedant Poly Fabs Ltd.
Vedant Poly Fabs Limited was incorporated in December 2018 and is engaged in the manufacturing of flexible packaging materials for businesses across India. The company operates as a B2B supplier and offers a diverse range of packaging products, including 3-layer and 5-layer LD films, shrink films, barrier films, printed laminates, and milk and oil pouches, catering to industries such as food & beverages and other consumer goods.
Since commencing operations, the company has expanded its product portfolio, strengthened its manufacturing capabilities, and established dedicated teams across sales, design, production, logistics, and dispatch. In March 2026, it further enhanced its manufacturing capacity by adding lamination, slitting, and pouching machines, while also installing a reprocessing unit to improve resource utilization and recycle manufacturing waste.
The company follows an integrated manufacturing process covering raw material procurement, film extrusion, printing, lamination, slitting, quality control, packing, and dispatch. As of March 31, 2026, Vedant Poly Fabs had a workforce of 72 employees, including 41 permanent and 31 contractual employees, supporting its manufacturing and business operations.
Strengths
Integrated manufacturing operations
Diversified flexible packaging product portfolio
Strong quality control systems
Strategic manufacturing location
In-house transportation and logistics capabilities
Direct sales model with diversified customer base
Product development and customization capabilities
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 97.80 | 55.40 | 18.88 |
| Total Income | 115.31 | 81.58 | 49.73 |
| Profit After Tax | 10.97 | 4.56 | 0.64 |
| EBITDA | 19.18 | 8.30 | 1.48 |
| NET Worth | 42.26 | 15.42 | 3.86 |
| Reserves and Surplus | 27.53 | 4.57 | 3.75 |
| Total Borrowing | 46.82 | 13.32 | 6.35 |
| Amount in ₹ Crore |
Vedant Poly Fabs Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Packaging
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vama Wovenfab Ltd. | SME | ₹49.54 Cr | ₹341 | 11.04 | ₹323.95 | -5.00% | ₹81.40 |
| Shakti Polytarp Ltd. | SME | ₹26.93 Cr | ₹59 | 7.38 | ₹57.08 | -3.25% | ₹50.34 |
| Injecto Polymers Ltd. | SME | ₹56.12 Cr | ₹100 | 9.48 | ₹95.95 | -4.05% | ₹94.50 |
| Dhaval Packaging Ltd. | SME | ₹36.36 Cr | ₹97 | 12.05 | ₹111.68 | +15.13% | ₹112.00 |
| Diksha Polymers Ltd. | SME | ₹17.90 Cr | ₹112 | 9.79 | ₹120.20 | +7.32% | ₹193.00 |
| RFBL Flexi Pack Ltd. | SME | ₹35.33 Cr | ₹50 | 9.75 | ₹55.10 | +10.20% | ₹91.00 |
| Knack Packaging Ltd. | Mainboard | ₹439.50 Cr | ₹170 | 18.34 | ₹182.98 | +7.64% | ₹208.67 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of the Company | 17.59 |
| 2 | Prepayment or Repayment of all or a portion of certain secured or/and unsecured outstanding borrowings availed by the company | 8.00 |
| 3 | Funding Capital Expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility | 6.51 |
| 4 | General Corporate Purposes | — |
| 5 | To meet the offer related expenses | — |
| Total | 32.11 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 38.03% |
| ROCE | 46.34% |
| Debt/Equity | 1.11 |
| RoNW | 25.95% |
| PAT Margin | 9.52% |
| EBITDA Margin | 16.50% |
| NAV | 28.70 |
| P/B (x) | 3.28 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.45 | 5.44 |
| P/E (x) | 12.62 | 17.28 |
| Market Cap at Offer Price | ₹138.42 Cr. | ₹189.43 Cr. |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group100%
Post IPO
- Promoter and Promoter Group70.08%
- Public29.92%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 70.08% |
| Public | — | 29.92% |
| Total | 100% | 100% |
Company Promoters: Pankaj Kumar Maheshwari, Sujata Maheshwari and Sethsawaria Poly Fab LLP.
Offer For Sale - Selling Shareholder
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Sethsawariya Poly Fab LLP | Promoter | 6,03,600 | 5.67 |
| Total | — | 6,03,600 | 5.67 |
Vedant Poly Fabs IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Cameo Corporate Services Ltd.
044-28460390/28460391/28460392
investor@cameoindia.com
IPO Lead Manager(s)
Affinity Global Capital Market Pvt.Ltd.
Contact Details
Vedant Poly Fabs Ltd. Address
6/1/Q Digberia Road, Barasat
P.O. Badu, PS Barasat North 24 Parganas
Badu
Barasat, West Bengal , 700128
+91 8240877760
cs@vedantpolyfabs.com
Vedant Poly Fabs IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
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Vedant Poly Fabs: common questions
Answered from this issue's own record.
