Vedant Poly Fabs IPO
SME IPO · Closed, awaiting listing · price band ₹88–₹94
Key points
- 100% offer for sale: the company gets no money. Existing shareholders are selling ₹5.67 cr of shares.
- GMP ₹1 (+1.1%) over ₹94. Unofficial, changes often.
- FY26: income ₹115 cr (+41.3%), profit ₹10.97 cr (−100.0%).
Check allotment status
Allotment is done on Thu 5 Nov; shares reach demat accounts by Fri 6 Nov. You need your PAN or application number.
- Cameo Corporate Servicesthe registrar for this IPOCheck →
- BSE allotment statuschoose Equity, then the issue nameCheck →
- NSE IPO bid and allotment checklog in with PANCheck →
If shares are not allotted, the blocked amount is released to your bank account by Fri 6 Nov.
Timetable
- OpensMon 2 Nov
- ClosesWed 4 Nov
- AllotmentThu 5 Nov
- RefundFri 6 Nov
- Shares in dematFri 6 Nov
- ListingMon 9 Nov
Dates after the closing day are tentative and can shift by a day.
Why is Vedant Poly Fabs raising money?
This IPO is entirely an offer for sale. The company does not receive any money; the ₹5.67 cr goes to the shareholders who are selling. The business itself gets no new capital from this IPO.
What the new money will be used for
- Funding incremental working capital requirements of the Company₹24.61 cr
- Prepayment or Repayment of all or a portion of certain secured or/and unsecured outstanding borrowings availed by the company₹8 cr
- Funding Capital Expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility₹6.51 cr
- General Corporate Purposes₹7.53 cr
- To meet the offer related expenses₹4.36 cr
Grey market premium (GMP)
Unofficial. GMP is what traders in an unregulated market say they will pay before listing. No exchange publishes it, it can change several times a day and it is often wrong on listing day. From 1 market website, checked 08 Nov 2026, 12:08 PM IST.
About Vedant Poly Fabs
Vedant Poly Fabs Limited was incorporated in December 2018 and manufactures 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 increased manufacturing capacity by adding lamination, slitting, and pouching machines, and installed 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.
Financials (₹ crore)
Vedant Poly Fabs Ltd.'s revenue increased by 41% and profit after tax (PAT) dropped by 100% between the years ending March 31, 2026 and March 31, 2025.
| ₹ crore | Jun 2026 | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| Total Income | 30 | 115 | 82 | 50 |
| Profit After Tax | 3 | 11 | 4,56,060 | 1 |
| EBITDA | 7 | 19 | 8 | 1 |
| Net worth | 46 | 42 | 15 | 4 |
| Borrowing | 45 | 47 | 13 | 6 |
| Assets | 101 | 98 | 55 | 19 |
Restated figures from the offer document. A part-year period (for example 3 months to June) is not comparable with a full year.
Valuation and returns
| Jun 2026 | Mar 2026 | |
|---|---|---|
| ROE | 7.92% | 38.03% |
| ROCE | 8.93% | 46.34% |
| Debt/Equity | 0.98 | 1.11 |
| RoNW | 30.52% | 25.95% |
| PAT Margin | 11.48% | 9.52% |
| EBITDA Margin | 21.76% | 16.50% |
| NAV | 30.97 | 28.70 |
| P/B (x) | 3.04 | 3.28 |
P/E = price ÷ earnings per share. A negative P/E means the company made a loss. Compare with listed peers in the same business before reading much into it.
Promoters: Pankaj Kumar Maheshwari, Sujata Maheshwari and Sethsawaria Poly Fab LLP.
Issue details
- Price band
- ₹88–₹94
- Lot size
- 1200 shares
- Minimum investment
- ₹1,12,800 (1 lot at ₹94)
- Total issue size
- ₹56.68 cr (0.60 crore shares)
- Fresh issue / OFS
- Fresh capital cum OFS
- Face value
- ₹10 per share
- Reserved for
- QIB 1.19% · NII 39.49% · Retail 59.32%
- Anchor investors
- –
- Employee discount
- –
- Retail limit
- ₹2 lakh
- UPI mandate deadline
- 04-Nov-2026 (up to 5:00 PM)
- Listing on
- NSE SME
- Lead managers
- Affinity Global Capital Market Private Limited
- Registrar (allotment status)
- Cameo Corporate Services Limited · priya@cameoindia.com
Offer document (RHP) on NSE: download. It is long; the "Objects of the Offer" and "Risk Factors" chapters matter most.
Quick answers
How do I check Vedant Poly Fabs IPO allotment status?
Allotment is on Thu 5 Nov. Check it on the registrar's website (Cameo Corporate Services) or on the BSE and NSE allotment pages using your PAN or application number.
Does Vedant Poly Fabs get the IPO money?
No. The IPO is 100% offer for sale, so all ₹5.67 cr goes to the selling shareholders.
What is the minimum investment in the Vedant Poly Fabs IPO?
One lot of 1200 shares, which costs ₹1,12,800 at the upper price of ₹94.
When will Vedant Poly Fabs list?
The tentative listing date is Mon 9 Nov, with allotment on Thu 5 Nov.
Company figures are from the offer document as summarised by market websites; issue details and subscription are from NSE. Updated 08 Nov 2026, 12:08 PM IST. Education only, not investment advice. Read the offer document, especially the risk factors, before applying. All IPOs →