Vedant Poly Fabs IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listing Tomorrow
Dates
Nov 02 to Nov 04 2026
Price Band
₹88 - 94
Current GMP
₹1 (1.06%)
Subscription
1.90 times
IPO Details
| IPO Date | 2 to 4 Nov, 2026 |
| Listing Date | Mon, Nov 9, 2026 |
| Face Value | 10 per share |
| Price Band | 88 to 94 |
| Issue Price | 94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,30,000 shares (agg. up to ₹ 56.68 Cr) |
| Reserved for Market Maker | 3,04,800 shares (agg. up to ₹ 3 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 51,21,600 shares (agg. up to ₹ 48.14 Cr) |
| Offer for Sale | 6,03,600 shares of ₹ 10 (agg. up to ₹ 5.67 Cr) |
| Net Offered to Public | 57,25,200 shares (agg. up to ₹ 53.82 Cr) |
| Share Holding Pre Issue | 1,47,25,214 shares |
| Share Holding Post Issue | 2,01,51,614 shares |
| NSE Symbol | VPFL |
| ISIN | INE2RWX01016 |
IPO Date
2 to 4 Nov, 2026
Listing Date
Mon, Nov 9, 2026
Face Value
10 per share
Price Band
88 to 94
Issue Price
94 per share
Lot Size
1,200 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
60,30,000 shares (agg. up to ₹ 56.68 Cr)
Reserved for Market Maker
3,04,800 shares (agg. up to ₹ 3 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
51,21,600 shares (agg. up to ₹ 48.14 Cr)
Offer for Sale
6,03,600 shares of ₹ 10 (agg. up to ₹ 5.67 Cr)
Net Offered to Public
57,25,200 shares (agg. up to ₹ 53.82 Cr)
Share Holding Pre Issue
1,47,25,214 shares
Share Holding Post Issue
2,01,51,614 shares
NSE Symbol
VPFL
ISIN
INE2RWX01016
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.00 |
| NII*** | 1.38 |
| bNII (> ₹10L) | 1.12 |
| sNII (< ₹10L) | 1.90 |
| Individual Investors | 2.26 |
| Total ** | 1.90 |
Market Maker
1
QIB (Ex Anchor)
1.00
NII***
1.38
bNII (> ₹10L)
1.12
sNII (< ₹10L)
1.90
Individual Investors
2.26
Total **
1.90
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Nov 2 (Day 1) | 0.00 | 0.83 | 0.85 | 0.80 | 0.14 | 0.41 |
| Nov 3 (Day 2) | 327.27 | 0.94 | 0.75 | 1.33 | 0.83 | 0.89 |
| Nov 4 (Day 3) | 1.00 | 1.38 | 1.12 | 1.90 | 2.26 | 1.90 |
DayNov 2
(Day 1)
QIB (Ex Anchor)0.00
NII*0.83
NII (> ₹10L)0.85
NII (< ₹10L)0.80
Individual Investors0.14
Total0.41
DayNov 3
(Day 2)
QIB (Ex Anchor)327.27
NII*0.94
NII (> ₹10L)0.75
NII (< ₹10L)1.33
Individual Investors0.83
Total0.89
DayNov 4
(Day 3)
QIB (Ex Anchor)1.00
NII*1.38
NII (> ₹10L)1.12
NII (< ₹10L)1.90
Individual Investors2.26
Total1.90
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 08-11-2026 | 94 | 1 (1.06%) | 95 |
| 07-11-2026 | 94 | 1 (1.06%) | 95 |
| 06-11-2026 | 94 | 1 (1.06%) | 95 |
| 05-11-2026 | 94 | 1 (1.06%) | 95 |
| 04-11-2026 | 94 | 1 (1.06%) | 95 |
| 03-11-2026 | 94 | 11 (11.70%) | 105 |
| 02-11-2026 | 94 | 15 (15.96%) | 109 |
| 01-11-2026 | 94 | 15 (15.96%) | 109 |
| 31-10-2026 | 94 | 5 (5.32%) | 99 |
GMP Date08-11-2026
IPO Price94
GMP1 (1.06%)
Est. Listing Price95
GMP Date07-11-2026
IPO Price94
GMP1 (1.06%)
Est. Listing Price95
GMP Date06-11-2026
IPO Price94
GMP1 (1.06%)
Est. Listing Price95
GMP Date05-11-2026
IPO Price94
GMP1 (1.06%)
Est. Listing Price95
GMP Date04-11-2026
IPO Price94
GMP1 (1.06%)
Est. Listing Price95
GMP Date03-11-2026
IPO Price94
GMP11 (11.70%)
Est. Listing Price105
GMP Date02-11-2026
IPO Price94
GMP15 (15.96%)
Est. Listing Price109
GMP Date01-11-2026
IPO Price94
GMP15 (15.96%)
Est. Listing Price109
GMP Date31-10-2026
IPO Price94
GMP5 (5.32%)
Est. Listing Price99
IPO Important Dates
| IPO Open | Mon, Nov 2, 2026 |
| IPO Close | Wed, Nov 4, 2026 |
| Allotment | Thu, Nov 5, 2026 |
| Refund | Fri, Nov 6, 2026 |
| Credit of Shares | Fri, Nov 6, 2026 |
| Listing | Mon, Nov 9, 2026 |
IPO Open
Mon, Nov 2, 2026
IPO Close
Wed, Nov 4, 2026
Allotment
Thu, Nov 5, 2026
Refund
Fri, Nov 6, 2026
Credit of Shares
Fri, Nov 6, 2026
Listing
Mon, Nov 9, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,25,600 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,25,600 |
| S-HNI (Min) | 3 | 3600 | ₹3,38,400 |
| S-HNI (Max) | 8 | 9600 | ₹9,02,400 |
| B-HNI (Min) | 9 | 10800 | ₹10,15,200 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2400
Amount₹2,25,600
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2400
Amount₹2,25,600
ApplicationS-HNI (Min)
Lots3
Shares3600
Amount₹3,38,400
ApplicationS-HNI (Max)
Lots8
Shares9600
Amount₹9,02,400
ApplicationB-HNI (Min)
Lots9
Shares10800
Amount₹10,15,200
Financial Information
| 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 |
| Reserves and Surplus | 30.88 | 27.53 | 4.57 | 3.75 |
| Total Borrowing | 44.81 | 46.82 | 13.32 | 6.35 |
Period EndedAssets
30 Jun 2026100.88
31 Mar 202697.80
31 Mar 202555.40
31 Mar 202418.88
Period EndedTotal Income
30 Jun 202630.49
31 Mar 2026115.31
31 Mar 202581.58
31 Mar 202449.73
Period EndedProfit After Tax
30 Jun 20263.48
31 Mar 202610.97
31 Mar 20254,56,060.00
31 Mar 20240.64
Period EndedEBITDA
30 Jun 20266.59
31 Mar 202619.00
31 Mar 20257.74
31 Mar 20241.29
Period EndedNET Worth
30 Jun 202645.60
31 Mar 202642.26
31 Mar 202515.42
31 Mar 20243.86
Period EndedReserves and Surplus
30 Jun 202630.88
31 Mar 202627.53
31 Mar 20254.57
31 Mar 20243.75
Period EndedTotal Borrowing
30 Jun 202644.81
31 Mar 202646.82
31 Mar 202513.32
31 Mar 20246.35
Key Performance Indicator
| ROE | 7.92% |
| ROCE | 8.93% |
| Debt/Equity | 0.98 |
| RoNW | 30.52% |
| PAT Margin | 11.48% |
| EBITDA Margin | 21.76% |
| NAV | 30.97 |
| P/B (x) | 3.04 |
ROE
7.92%
ROCE
8.93%
Debt/Equity
0.98
RoNW
30.52%
PAT Margin
11.48%
EBITDA Margin
21.76%
NAV
30.97
P/B (x)
3.04
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vedant Poly Fabs | 2.36 | 2.36 | 30.97 | 9.96 | 30.52 | 3.13 | Restated |
| B&A Packaging India | 14.24 | 14.24 | 180.16 | 14.11 | 7.90 | 1.11 | Standalone |
| Barflex Polyfilms | 1.93 | 1.93 | 38.82 | 26.43 | 7.34 | 1.34 | Consolidated |
| RFBL Flexi Pack | 5.08 | 3.54 | 16.32 | 17.79 | 31.11 | 5.63 | Standalone |
Company NameVedant Poly Fabs
EPS (Basic)2.36
EPS (Diluted)2.36
NAV (₹ per share)30.97
P/E (x)9.96
RoNW (%)30.52
P/BV Ratio3.13
Financial statementsRestated
Company NameB&A Packaging India
EPS (Basic)14.24
EPS (Diluted)14.24
NAV (₹ per share)180.16
P/E (x)14.11
RoNW (%)7.90
P/BV Ratio1.11
Financial statementsStandalone
Company NameBarflex Polyfilms
EPS (Basic)1.93
EPS (Diluted)1.93
NAV (₹ per share)38.82
P/E (x)26.43
RoNW (%)7.34
P/BV Ratio1.34
Financial statementsConsolidated
Company NameRFBL Flexi Pack
EPS (Basic)5.08
EPS (Diluted)3.54
NAV (₹ per share)16.32
P/E (x)17.79
RoNW (%)31.11
P/BV Ratio5.63
Financial statementsStandalone
IPO Reservation
| QIB | 68,400 |
| NII (HNI) | 22,60,800 |
| − bNII > ₹10L | 15,07,200 |
| − sNII < ₹10L | 7,53,600 |
| Retail | 33,96,000 |
| Market Maker | 3,04,800 |
| Total | 60,30,000 |
QIB
68,400
NII (HNI)
22,60,800
− bNII > ₹10L
15,07,200
− sNII < ₹10L
7,53,600
Retail
33,96,000
Market Maker
3,04,800
Total
60,30,000
Information about company
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.
As of June 30, 2026, the Company had 61 employees across its manufacturing facility and office operations, including Directors, Key Managerial Personnel, and Senior Managerial Personnel responsible for business operations, compliance, administration, marketing, and accounting.
Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding incremental working capital requirements of the Company
2: Prepayment or Repayment of all or a portion of certain secured or/and unsecured outstanding borrowings availed by the company
3: Funding Capital Expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility
4: General Corporate Purposes
5: To meet the offer related expenses
: Total
Disclaimer
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