Vedant Poly Fabs IPO: Price Band, Lot Size, Financials & Review
Vedant Poly Fabs IPO opens on Mon, 2 Nov 2026 and closes on Wed, 4 Nov 2026. The price band is ₹88 – ₹94 with a lot of 1200 shares, so one retail lot costs ₹2,25,600 at the upper band. The latest GMP is +₹5 (+5.32%), implying an estimated listing price of ₹99.
- Open Date
- 2 Nov 2026
- Close Date
- 4 Nov 2026
Last updated
- Price band
- ₹88 – ₹94
- Lot size
- 1,200 shares
- Min. investment
- ₹2,25,600
- Issue size
- ₹56.68 Cr
- GMP
- +₹5
Vedant Poly Fabs IPO details
Vedant Poly Fabs IPO is a ₹56.68 Cr book-building IPO on the SME segment, listing on NSE. It combines a fresh issue of ₹51.01 Cr (90.00%) with an offer for sale of ₹5.67 Cr (10.00%) by existing shareholders. Only the fresh issue money goes to the company.
The issue opens on Mon, 2 Nov 2026 and closes on Wed, 4 Nov 2026. Allotment is expected on Thu, 5 Nov 2026 and listing on Mon, 9 Nov 2026.
The price band is ₹88 to ₹94 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,25,600. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,25,600).
Cameo Corporate Services Limited is the registrar, and Affinity Global Capital Market Pvt Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The latest Vedant Poly Fabs IPO GMP is +₹5 as of 31 Oct (+5.32% against the upper price band of ₹94), implying an estimated listing price of ₹99. Across 2 days of tracking, GMP ranged from 0 (30 Oct) to +₹5 (31 Oct).
| Latest GMP | +₹5 |
|---|---|
| GMP vs upper band | +5.32% |
| Estimated listing price | ₹99 |
| Highest (31 Oct) | +₹5 |
| Lowest (30 Oct) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Vedant Poly Fabs IPO day-wise GMP.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 68,400 | 1.19% |
| Non-Institutional | 22,60,800 | 39.49% |
| └ BNII | 15,07,200 | 26.33% |
| └ SNII | 7,53,600 | 13.16% |
| Retail Investors | 33,96,000 | 59.32% |
| Total | 57,25,200 | 100.00% |
Vedant Poly Fabs IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,25,600 |
| Retail (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 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹51.01 Cr (90.00%) with an offer for sale of ₹5.67 Cr (10.00%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹94, the issue is priced at 12.62x pre-issue earnings and 13.62x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 17.79x (3 companies).
Promoter holding falls from 100.00% before the issue to 70.08% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹7.45 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 12.62x |
| EPS (post-issue) EPS on the enlarged share capital | ₹6.9 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 13.62x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 70.08% |
Vedant Poly Fabs Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹81.58 Cr to ₹115.31 Cr, and profit after tax fell from ₹4,56,060 Cr to ₹10.97 Cr. The PAT margin for 31 Mar 2026 was 9.51%.
| Period ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 100.88 | 97.80 | 55.40 | 18.88 |
| Total Income | 30.49 | 115.31 | 81.58 | 49.73 |
| Profit After Tax | 3.48 | 10.97 | 4,56,060.00 | 0.64 |
| EBITDA | 6.59 | 19.00 | 7.74 | 1.29 |
| Net Worth | 45.60 | 42.26 | 15.42 | 3.86 |
| Reserve & Surplus | 30.88 | 27.53 | 4.57 | 3.75 |
| Total Borrowings | 44.81 | 46.82 | 13.32 | 6.35 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 7.92 | 38.03 | 47.31 | 20.97 |
| ROCE % | 8.93 | 46.34 | 62.07 | 23.73 |
| Debt / Equity | 0.98 | 1.11 | 0.86 | 1.65 |
| RoNW % | 30.52 | 25.95 | 29.57 | 16.48 |
| Pat Margin % | 11.48 | 9.52 | 5.63 | 1.28 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Vedant Poly Fabs Ltd | 10 | — | 2.36 | 2.36 | 30.52% | 30.97 |
| B&a Packaging India Ltd | 10 | 14.11 | 14.24 | 14.24 | 7.90% | 180.16 |
| Barflex Polyfilms Ltd | 10 | 26.43 | 1.93 | 1.93 | 7.34% | 38.82 |
| RFBL Flexi Pack Ltd | 10 | 17.79 | 5.08 | 3.54 | 31.11% | 16.32 |
Notes
The figures for Vedant Poly Fabs Limited are based on the restated results for the stub period ended June 30, 2026.
The figures for the peer group i.e. B&A Packaging India Ltd and RFBL Flexi Pack Limited are based on the standalone audited results for the Financial Year ended March 31, 2026 and for Barflex Polyfilms Limited are based on the consolidated audited results for the consolidated audited results for the financial year ended as on 31st March, 2026.
Current Market Price (CMP) is the price of the respective scrip as on October 23, 2026.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | 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 | 32.1 |
About Vedant Poly Fabs Limited
Incorporated in December 2018, Vedant Poly Fabs Limited is a manufacturer of flexible packaging materials, catering primarily to business-to-business (B2B) customers across India. The company offers a diversified range of packaging products, including three-layer and five-layer LD films, shrink films, barrier films, printed laminates, and pouches for milk and edible oil. Its products serve various industries, particularly food and beverages and other consumer goods sectors.
Since commencing operations, the company has expanded its product portfolio, strengthened its manufacturing capabilities, and developed dedicated teams across sales, design, production, logistics, and dispatch. In March 2026, it further enhanced its production infrastructure by installing lamination, slitting, and pouching machinery. The company also introduced a reprocessing unit to improve resource utilisation and facilitate the recycling of manufacturing waste.
Vedant Poly Fabs follows an integrated manufacturing process encompassing raw material procurement, film extrusion, printing, lamination, slitting, quality control, packaging, and dispatch. This integrated approach enables the company to manage multiple stages of production and cater to customers' varied packaging requirements.
As of March 31, 2026, the company employed 72 personnel, comprising 41 permanent employees and 31 contractual workers, supporting its manufacturing, operational, and business activities.
Promoters
- Mr. Pankaj Kumar Maheshwari
- Mrs. Sujata Maheshwari
- M/S Sethsawaria Poly Fab LLP
Contact details
Vedant Poly Fabs Ltd.
6/1/Q Digberia Road, Barasat
P.O. Badu, PS Barasat North 24 Parganas
Badu
Barasat, West Bengal, 700128
Tel: +91 8240877760
Email: cs@vedantpolyfabs.com
Website:http://www.vedantpolyfabs.com/
Vedant Poly Fabs IPO FAQs
- What is the Vedant Poly Fabs IPO price band?
- The Vedant Poly Fabs IPO price band is ₹88 to ₹94 per share.
- What is the Vedant Poly Fabs IPO lot size and minimum investment?
- The Vedant Poly Fabs IPO lot size is 1200 shares. The minimum retail investment is ₹2,25,600 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,25,600.
- When does Vedant Poly Fabs IPO open and close?
- Vedant Poly Fabs IPO opens on Mon, 2 Nov 2026 and closes on Wed, 4 Nov 2026.
- What is the Vedant Poly Fabs IPO GMP today?
- The latest Vedant Poly Fabs IPO GMP is +₹5 as of 31 Oct (+5.32% against the upper price band of ₹94), implying an estimated listing price of ₹99. Across 2 days of tracking, GMP ranged from 0 (30 Oct) to +₹5 (31 Oct). GMP is an unofficial grey market indicator and can change quickly.
- What is the Vedant Poly Fabs IPO allotment date?
- The Vedant Poly Fabs IPO basis of allotment is expected on Thu, 5 Nov 2026. You can check your allotment status on the Cameo Corporate Services Limited website.
- What is the Vedant Poly Fabs IPO listing date?
- Vedant Poly Fabs IPO is expected to list on NSE on Mon, 9 Nov 2026.
- Is the Vedant Poly Fabs IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹51.01 Cr (90.00%) with an offer for sale of ₹5.67 Cr (10.00%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Vedant Poly Fabs IPO?
- The registrar for the Vedant Poly Fabs IPO is Cameo Corporate Services Limited, and the book running lead manager is Affinity Global Capital Market Pvt Ltd.
- How to apply for the Vedant Poly Fabs IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Wed, 4 Nov 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.