VEDANT POLY FABS IPO
VEDANT POLY FABS is a SME IPO with a current status of CLOSED. The price band is 88 - 94. The issue opens on 02 NOV and closes on 04 NOV. The listing date is 09 NOV.
Price Band
88 - 94
Unofficial GMP
₹1.5
Lot Size
2,400 shares
Minimum Investment
₹2,25,600
VEDANT POLY FABS IPO GMP
The latest available GMP is ₹1.5. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹95.50
Estimated Gain
+1.6%
VEDANT POLY FABS IPO GMP History
5
31 OCT
15
01 NOV
15
02 NOV
2
05 NOV
1.5
06 NOV
VEDANT POLY FABS IPO Details
- IPO Type
- SME
- Status
- CLOSED
- Price Band
- 88 - 94
- Issue Size
- 58.68 CR
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹48.14 Cr
- Offer for Sale
- ₹5.67 Cr
- Face Value
- 10
- Lot Size
- 2,400
- Minimum Investment
- 2,25,600
- Exchange
- NSE SME
- Registrar
- Cameo Corporate Services Ltd.
- Lead Managers
- Affinity Global Capital Market
- Market Maker
- ₹2.87 Cr
VEDANT POLY FABS IPO Dates
- Open Date
- 02 NOV
- Close Date
- 04 NOV
- Allotment Date
- 05 NOV
- Refund Date
- 06 NOV
- Demat Credit Date
- 06 NOV
- Listing Date
- 09 NOV
VEDANT POLY FABS IPO Subscription
- QIB
- 1.0x
- NII / HNI
- 1.38x
- Retail
- 2.26x
- Employee
- --
- Total Subscription
- 1.90x
VEDANT POLY FABS IPO Financials
Revenue
FY2026
₹115.14 Cr
+42.11% vs FY2025
PAT
FY2026
₹10.97 Cr
+140.57% vs FY2025
Total Assets
FY2026
₹97.80 Cr
+76.53% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 49.53 | 81.02 | 115.14 |
| Net Profit | 0.64 | 4.56 | 10.97 |
| Total Assets | 18.87 | 55.40 | 97.80 |
VEDANT POLY FABS IPO Valuation
- Market Cap (Post IPO)
- ₹189.43 Cr
- EPS
- ₹6.90
- P/E Ratio
- 13.62x
- Price to Book Value
- 3.04x
- Industry P/E
- 20.95x
- ROE
- 7.92%
- ROCE
- 8.93%
- RONW
- 30.52%
- Debt / Equity
- 0.98x
- PAT Margin
- 11.48%
- EBITDA Margin
- 21.76%
- Valuation
- FAIR
VEDANT POLY FABS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| B&A Packaging India Ltd. | ₹142.19 Cr | ₹7.06 Cr | ₹14.24 | 14.11x | -- | 7.90% | 0.21 |
| Barflex Polyfilms Ltd. | ₹118.67 Cr | ₹3.91 Cr | ₹1.93 | 26.43x | -- | 7.34% | 0.21 |
| RFBL Flexi Pack Ltd. | ₹148.37 Cr | ₹8.25 Cr | ₹5.08 | 17.79x | -- | 31.11% | 0.38 |
VEDANT POLY FABS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,25,600 |
| Retail Maximum | 2 | 2,400 | ₹2,25,600 |
| Small HNI | 3 | 3,600 | ₹3,38,400 |
| Big HNI | 9 | 10,800 | ₹10,15,200 |
VEDANT POLY FABS IPO Reservation
- QIB
- 0.00%
- NII / HNI
- 39.96%
- Retail
- 60.03%
VEDANT POLY FABS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 100%
- Post-IPO Promoter Holding
- 70.08%
VEDANT POLY FABS Company Overview
Vedant Poly Fabs Limited is an Indian manufacturer of flexible packaging materials, incorporated in December 2018 and headquartered in Barasat, West Bengal. The company operates as a Business-to-Business (B2B) supplier, manufacturing flexible plastic films and packaging solutions for customers across India. Its product portfolio includes three-layer and five-layer Low-Density (LD) films, shrink films, barrier films, printed laminates, milk pouches and oil pouches. These products are primarily used in food and beverage packaging and other consumer goods applications. The company operates an integrated manufacturing process covering raw material procurement, film extrusion, printing, lamination, slitting, pouching, quality control, packaging and dispatch. In March 2026, the company expanded its manufacturing capabilities by adding lamination, slitting and pouching machinery and installing a reprocessing unit to recycle manufacturing waste. The company sells directly to customers and also operates its own transportation and logistics arrangements to support product delivery. Vedant Poly Fabs focuses on providing customised flexible packaging solutions, product quality and integrated manufacturing services to industrial and consumer goods customers.
VEDANT POLY FABS Business Model
**Core Business – Flexible Packaging Materials Manufacturing** **1. LD Films** - 3-Layer LD Films - 5-Layer LD Films - Multilayer Plastic Films **2. Shrink Films** - Industrial Shrink Films - Packaging Shrink Films **3. Barrier Films** - Multilayer Barrier Films - Specialised Flexible Packaging Films **4. Printed Laminates** - Custom Printed Laminates - Flexible Packaging Laminates **5. Packaging Pouches** - Milk Pouches - Oil Pouches - Food Packaging Pouches **Manufacturing Process** - Raw Material Procurement - Film Extrusion - Printing - Lamination - Slitting - Pouching - Quality Control - Packaging and Dispatch **End-user Industries** - Food & Beverages - Dairy Industry - Edible Oil Industry - FMCG - Consumer Goods - Industrial Packaging
VEDANT POLY FABS Objects of the Issue
Total IPO size at upper price band: ₹56.68 crore Purpose Amount Working Capital Requirements ₹17.59 Cr Repayment / Prepayment of Borrowings ₹8.00 Cr Purchase and Installation of Plant & Machinery ₹6.51 Cr General Corporate Purposes Balance
VEDANT POLY FABS Strengths
1. Integrated Manufacturing Capabilities: The company manages extrusion, printing, lamination, slitting and pouching operations. 2. Diversified Product Portfolio: Manufactures multiple flexible packaging products, including multilayer films, shrink films, barrier films and printed laminates. 3. Strong Revenue Growth: Revenue increased from ₹49.73 crore in FY2024 to ₹115.31 crore in FY2026. 4. Strong Profitability Growth: PAT increased from ₹0.64 crore in FY2024 to ₹10.97 crore in FY2026. 5. Manufacturing Expansion: Additional machinery and a reprocessing unit were installed in March 2026. 6. Direct Customer Relationships: The company supplies products directly to B2B customers across India. 7. Own Logistics Arrangements: Transportation and logistics capabilities support customer deliveries. 8. Recycling Capability: The reprocessing unit helps reuse manufacturing waste and improve resource utilisation. 9. Growing Packaging Demand: Demand for flexible packaging is supported by food, dairy, edible oil and FMCG industries.
VEDANT POLY FABS Risks
1. High Supplier Concentration: Top 10 suppliers contributed approximately 90.16% of total purchases in FY2026, creating significant procurement dependency. 2. Customer Concentration: Dependence on a limited number of customers may affect revenue stability if major customers reduce or discontinue purchases. 3. High Borrowings: Total borrowings increased substantially to approximately ₹46.82 crore in FY2026. 4. Raw Material Price Volatility: Changes in polymer, plastic resin and other petroleum-based raw material prices can affect manufacturing margins. 5. Working Capital Risk: Flexible packaging manufacturing requires substantial inventory, receivables and operating funds. 6. Competition Risk: The company competes with established flexible packaging manufacturers and regional players. 7. Profitability Sustainability: The rapid increase in PAT may not continue at the same pace in future financial years. 8. Manufacturing Execution Risk: New machinery and capacity expansion may face delays, cost overruns or lower-than-expected utilisation. 9. Environmental Compliance Risk: Plastic packaging manufacturing is subject to environmental regulations, waste management requirements and plastic recycling obligations. 10. SME Liquidity Risk: SME-listed shares may experience higher price volatility and limited trading liquidity.
VEDANT POLY FABS Frequently Asked Questions
What is the VEDANT POLY FABS IPO price band?
The VEDANT POLY FABS IPO price band is 88 - 94.
What is the latest VEDANT POLY FABS IPO GMP?
The latest available VEDANT POLY FABS IPO GMP in the IPOWEB database is ₹1.5. GMP is unofficial and does not guarantee a listing gain.
When does the VEDANT POLY FABS IPO open and close?
The VEDANT POLY FABS IPO opens on 02 NOV and closes on 04 NOV.
When is the VEDANT POLY FABS IPO allotment date?
The VEDANT POLY FABS IPO allotment date is 05 NOV.
When is the VEDANT POLY FABS IPO listing date?
The VEDANT POLY FABS IPO listing date is 09 NOV.
What is the VEDANT POLY FABS IPO subscription?
The latest total subscription available for the VEDANT POLY FABS IPO is 1.90x.