VP
Vedant Poly Fabs Limited IPO
Flexible Packaging Materials · B2B Industrial Supply · Barasat, West Bengal
📋 NSE SME IPO
Fresh + OFS
NSE SME
₹94
Upper Price
₹56.68 Cr
Issue Size
Nov 9, 2026
Listing Date
₹189.43 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Monday, 2 November 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 4 November 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Thursday, 5 November 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 6 November 2026
Unallotted funds returned; shares credited to demat
🏷️
Monday, 9 November 2026
Trading begins on NSE SME from 10:00 AM IST
📋 IPO Details
IPO Open Date2 November 2026 (Mon)
IPO Close Date4 November 2026 (Wed)
Listing Date9 November 2026 (Mon)
Face Value₹10 per share
Price Band₹88 to ₹94
Issue Price (Upper Band)₹94 per share
Issue TypeBookbuild IPO — Fresh + OFS
Lot Size1,200 shares (Min App: 2 Lots / 2,400 Shares)
Total Issue Size60,30,000 shares (₹56.68 Cr)
Fresh Issue54,26,400 shares (₹51.01 Cr)
Offer for Sale (OFS)6,03,600 shares (₹5.67 Cr)
Market Maker Portion3,04,800 shares
Net Offered to Public57,25,200 shares (₹53.82 Cr)
Pre-Issue Shares1,47,25,214
Post-Issue Shares2,01,51,614
Promoter Holding (Pre → Post)100% → 70.08%
Market Cap (Pre-IPO)₹138.42 Cr
Market Cap (Post-IPO)₹189.43 Cr
Listing ExchangeNSE SME
Lead ManagerAffinity Global Capital Market Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹94| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 2 | 2,400 | ₹2,25,600 |
| Retail — Maximum | 2 | 2,400 | ₹2,25,600 |
| S-HNI (sNII) — Min | 3 | 3,600 | ₹3,38,400 |
| S-HNI (sNII) — Max | 8 | 9,600 | ₹9,02,400 |
| B-HNI (bNII) — Min | 9 | 10,800 | ₹10,15,200 |
⚠️ Note: Investors can bid for a minimum of 2,400 shares (2 lots) and in multiples of 1,200 shares thereafter. Market Maker reservation comprises 3,04,800 shares.
👥 Investor Reservation
Allocated portion of Net Offer0.00%
QIB Portion
209 Shares
60.03%
Retail Portion
33,96,000 Shares
39.96%
NII Portion
22,60,800 Shares
📊 Subscription Status
Day 1 · 2 Nov 2026 5:55 PM
| Category | Subscription | Shares Bid For |
|---|---|---|
| QIB (Ex Anchor) | 0.00x | 0 |
| NII / HNI | 0.83x | 18,84,000 |
| — bNII (> ₹10L) | 0.85x | 12,79,200 |
| — sNII (< ₹10L) | 0.80x | 6,04,800 |
| Retail Individual | 0.14x | 4,68,000 |
| Total | 0.42x | 23,52,000 |
*Total Applications: 282 · Excludes Anchor & Market Maker portion
📈 Company Financials
Restated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 100.88 | 97.80 | 55.40 | 18.88 |
| Total Income | 30.49 | 115.31 | 81.58 | 49.73 |
| PAT | 3.48 | 10.97 | 4.56 | 0.64 |
| EBITDA | 6.59 | 19.00 | 7.74 | 1.29 |
| Net Worth | 45.60 | 42.26 | 15.42 | 3.86 |
| Reserves & Surplus | 30.88 | 27.53 | 4.57 | 3.75 |
| Total Borrowing | 44.81 | 46.82 | 13.32 | 6.35 |
Income Growth
FY 2023–24₹49.73 Cr
FY 2024–25₹81.58 Cr
FY 2025–26₹115.31 Cr
🎯 Key Performance Indicators
38.03%
ROE (Mar 26)
7.92% (Jun 26)
1.11
Debt/Equity (Mar 26)
0.98 (Jun 26)
46.34%
ROCE (Mar 26)
8.93% (Jun 26)
9.52%
PAT Margin (Mar 26)
11.48% (Jun 26)
16.50%
EBITDA Margin (Mar 26)
21.76% (Jun 26)
25.95%
RoNW (Mar 26)
30.52% (Jun 26)
3.28x
Price/Book (Mar 26)
3.04x (Jun 26)
₹28.70
NAV (Mar 26)
₹30.97 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹7.45
FY26 earnings + pre-issue shares
P/E: 12.62xPost-IPO EPS
₹6.90
Annualised post-issue basis
P/E: 13.62xPrice to Book Value
3.04x
At upper price band ₹94
Market Cap
₹189.43 Cr
At upper offer price ₹94
ℹ️
Pre-IPO EPS (₹7.45) relies on a pre-issue equity base of 1,47,25,214 shares and restated FY26 PAT of ₹10.97 Cr. Post-issue EPS (₹6.90) applies annualized Q1 FY27 earnings to an expanded post-issue equity of 2,01,51,614 shares following the fresh issuance of 54,26,400 shares. Post-IPO Market Capitalisation reaches ₹189.43 Cr at the upper band.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Funding incremental working capital requirements of the Company
₹24.61 Cr
2
Prepayment or Repayment of all or a portion of certain secured or/and unsecured outstanding borrowings availed by the company
₹8.00 Cr
3
Funding Capital Expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility
₹6.51 Cr
4
General Corporate Purposes & To meet the offer related expenses
Balance
Total Identified Proceeds Goal
₹39.12 Cr
🏢 About Vedant Poly Fabs Ltd.
Est. 2018 · Barasat, West Bengal · B2B Flexible Packaging MaterialsVedant Poly Fabs Limited, incorporated in December 2018, is a prominent B2B manufacturer specializing in high-quality flexible packaging materials supporting industries spanning food & beverages, agro-chemicals, and fast-moving consumer goods (FMCG) across India. The company executes fully integrated manufacturing covering raw material procurement, film extrusion, precision printing, multi-layer lamination, slitting, rigorous quality control, and streamlined dispatching. Its comprehensive product portfolio features advanced 3-layer and 5-layer LD films, versatile shrink films, secure barrier films, high-resolution printed laminates, and specialized milk and oil packaging pouches.
In line with a robust growth strategy, Vedant significantly augmented its manufacturing infrastructure in March 2026 by commissioning advanced lamination, slitting, and pouching machinery. Additionally, the firm operationalized a dedicated in-house reprocessing unit purposefully designed to optimize resource utilization and recycle manufacturing waste effectively, boosting operational sustainability. Located strategically in Barasat, West Bengal, the company maintains direct logistics and dispatch capabilities enabling seamless nationwide supply. Backed by a dedicated workforce of 61 employees across production, quality testing, and corporate functions as of June 30, 2026, the company recorded significant financial acceleration with FY26 revenue expanding by 41% to ₹115.31 crore.
Brand Ecosystem
📦
Flexible Packaging Films
High-strength 3-layer and 5-layer LD films, shrink films, and highly secure barrier films.
🛒
Consumer Pouches & Laminates
Printed laminates and specialized durable pouches tailored for the milk and edible oil sectors.
⚙️
Integrated Extrusion & Printing
End-to-end manufacturing from raw material extrusion to multi-layer lamination and precision slitting.
♻️
Sustainable Reprocessing
In-house waste reprocessing unit focused on resource optimization and sustainable material recycling.
Competitive Strengths
🏆Diversified B2B packaging portfolio mitigating dependency across the food, beverage, and FMCG sectors.
🏭Strategically integrated manufacturing operations maximizing margins and ensuring rapid turnaround times.
🚚Strong in-house transportation and logistics capabilities enabling an optimized direct sales delivery model.
📈Outstanding financial performance posting a robust FY26 PAT of ₹10.97 Cr with a high 38.03% ROE.
Company Promoters
PM
Pankaj Kumar Maheshwari, Sujata Maheshwari & Sethsawaria Poly Fab LLP
Promoters, Vedant Poly Fabs Ltd.
Key Selling Shareholders (OFS)
Sethsawariya Poly Fab LLP6,03,600 Shares (₹5.67 Cr)
📅 Key Dates
IPO Opens2 Nov 2026
IPO Closes4 Nov 2026
Allotment5 Nov 2026
Refund & Share Credit6 Nov 2026
Listing Day9 Nov 2026
💡 Quick Summary
Price Band₹88 – ₹94
Upper Price₹94 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,25,600 (2 Lots)
Issue Size₹56.68 Cr
ListingNSE SME
🏦 Registrar & Lead Manager
Lead Manager
Affinity Global Capital Market Pvt.Ltd.
📍 Registered Address
Vedant Poly Fabs Ltd.
6/1/Q Digberia Road, P.O. Badu,
North 24 Parganas, Badu,
Barasat, West Bengal — 700128
📞 8240877760
[email protected]
6/1/Q Digberia Road, P.O. Badu,
North 24 Parganas, Badu,
Barasat, West Bengal — 700128
📞 8240877760
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Vedant Poly Fabs IPO RHP for informational purposes only. This layout follows the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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