Vedant Poly Fabs Limited
Bookbuilding IPO · NSE
- Price band
- ₹88 - ₹94
- Lot size
- 1,200 shares
- Issue amount
- ₹56.68 cr
- Total subscription
- 1.95×
- Opens
- 2 Nov 2026
- Closes
- 4 Nov 2026
- Allotment
- 5 Nov 2026
- Listing
- 9 Nov 2026
Offer at a glance
Issue overview
- Issue size
- 6,03,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,05,600
- Fresh issue
- ₹51.01 cr
- Offer for sale
- ₹5.67 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,12,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,47,25,214
- Shares after issue
- 2,01,77,054
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,25,600 |
| sHNI | 3 | 3,600 | ₹3,38,400 |
| bHNI | 9 | 10,800 | ₹10,15,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 4 Nov 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,415 | 3,195 |
| HNIs(10L +) | 419 | 50 |
| HNIs (2-10L) | 209 | 274 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.64 | 0.64 |
| RETAIL | 31.92 | 72.08 |
| NIB | 21.25 | 32.26 |
| HNIs 2+ | 7.08 | 13.49 |
| HNIs 10+ | 14.17 | 18.77 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| EPS | 2.36 | 10.01 | 4.24 | 0.59 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 8.93 | 30.65 | 43.66 | 16.94 |
| RONW | 30.52 | 25.95 | 29.57 | 16.48 |
| PRE IPO(PE) | 0 | 9.39 | 0 | 0 |
| POST IPO(PE) | 13.62 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Vedant Poly Fabs Limited | 0 | 0 | 10.00 | 28.70 | 25.95 | 10.05 |
| B&A Packaging India Limited | 12.25 | 0 | 10.00 | 180.16 | 7.90 | 14.24 |
| Barflex Polyfilms Limited | 29.66 | 0 | 10.00 | 38.82 | 4.07 | 1.93 |
Company information
Company profile
Vedant Poly Fabs Limited, incorporated in December 2018, manufactures flexible packaging materials for businesses across India. Operating under a business-to-business (B2B) model, the company offers a wide range of products, including 3-layer and 5-layer LD films, shrink films, barrier films, printed laminates, and milk and oil pouches, serving industries such as food and beverages and other consumer goods. 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 capabilities by installing additional lamination, slitting and pouching machines, along with a reprocessing unit to improve resource utilisation and recycle manufacturing waste. Its integrated manufacturing process covers raw material procurement, film extrusion, printing, lamination, slitting, quality control, packaging and dispatch, enabling the company to manage multiple stages of production. As of March 31, 2026, Vedant Poly Fabs Limited employed 72 people, comprising 41 permanent employees and 31 contractual workers, supporting its manufacturing and business operations.
Strengths
- Diversified Packaging Product Portfolio: The company manufactures multilayer LD films, shrink films, barrier films, printed laminates, and milk and oil pouches for food, beverage and consumer product packaging.
- Integrated Manufacturing Capabilities: Its manufacturing process covers extrusion, printing, lamination, slitting and pouching, allowing it to offer customised packaging solutions to business customers.
- Strong Financial Growth: Revenue increased from ₹81.58 crore in FY2025 to ₹115.31 crore in FY2026, while profit after tax rose from ₹4.56 crore to ₹10.97 crore.
Risk factors
- High Working Capital Requirements: The company requires substantial funds for raw materials, inventory and customer payments, which may affect cash flow and day-to-day operations.
- Rising Borrowings: Total borrowings increased from ₹13.32 crore in FY2025 to ₹46.82 crore in FY2026, increasing financial obligations and repayment pressure.
- Raw Material and Environmental Risks: Fluctuations in plastic resin prices and stricter regulations on plastic packaging may increase production costs, affect demand and require additional investment.
Promoters
Pankaj Kumar Maheshwari
Sujata Maheshwari
Sethsawaria Poly Fab LLP
Registrar & documents
Lead manager
Affinity Global Capital Market Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
6/1/Q Digberia Road, Barasat, P.O. Badu, PS Barasat North 24 Parganas, Badu, Barasat- I, West Bengal, 700128
+918240877760
[email protected]Company website ↗Understanding VPFL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.