Minimum Investment
About Company
Company Name: Vedant Poly Fabs Limited
Industry / Sector: Packaging / Flexible Packaging Materials
Founded Year: December 2018
Promoters: Pankaj Kumar Maheshwari, Sujata Maheshwari, Sethsawaria Poly Fab LLP
Vedant Poly Fabs Limited, incorporated in December 2018, manufactures flexible packaging materials for business-to-business (B2B) customers across India. Its product portfolio includes 3-layer and 5-layer low-density (LD) films, shrink films, barrier films, printed laminates, and milk and oil pouches used in the food & beverage and other consumer goods industries. The company follows an integrated manufacturing process covering raw material procurement, film extrusion, printing, lamination, slitting, quality control, packing, and dispatch. In March 2026, it further expanded its manufacturing capacity by adding lamination, slitting, and pouching machines, and installed a reprocessing unit for recycling manufacturing waste. As of June 30, 2026, the company had 61 employees across its manufacturing facility and office operations. The IPO aims to fund working capital needs, repay borrowings, and purchase plant & machinery.
IPO Basic Details
| Company Name | Vedant Poly Fabs Limited |
| IPO Type | SME IPO |
| Price Band | ₹88 – ₹94 |
| Lot Size | 1,200 Shares |
| Total Issue Size | 60,30,000 Equity Shares (₹56.68 Cr) |
IPO Strengths & Risks
Strengths
- Integrated manufacturing operations from film extrusion to final packaging
- Diversified flexible packaging product portfolio
- Strong quality control systems
- Strategic manufacturing location in West Bengal
- In-house transportation and logistics capabilities
- Direct sales model with diversified customer base
- Product development and customization capabilities
- In-house reprocessing unit for plastic waste promoting circularity
Risks
- Customer concentration risk inherent in a B2B manufacturing model
- Volatility in raw material prices (polymers, resins)
- Intense competition in the fragmented flexible packaging industry
- Environmental and regulatory risks associated with plastic manufacturing
- High working capital intensity as reflected in the Debt/Equity ratio of 0.98 (as of Jun 30, 2026)
- SME IPO with limited liquidity and smaller scale of operations
- Dependence on the cyclical FMCG and food & beverage sectors
IPO Important Dates
| IPO Open Date | 02 Nov 2026 |
| IPO Close Date | 04 Nov 2026 |
| Basis of Allotment | 05 Nov 2026 |
| Refund Initiation | 06 Nov 2026 |
| Demat Credit Date | 06 Nov 2026 |
| Listing Date | 09 Nov 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | 0.00% of the Net Issue (209 shares) |
| Retail Quota | 60.03% of the Net Issue (33,96,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2,400 | ₹2,25,600 (at upper band) |
| Retail Maximum | 2 Lots | 2,400 | ₹2,25,600 (at upper band) |
| S-HNI Minimum | 3 Lots | 3,600 | ₹3,38,400 (at upper band) |
| S-HNI Maximum | 8 Lots | 9,600 | ₹9,02,400 (at upper band) |
| B-HNI Minimum | 9 Lots | 10,800 | ₹10,15,200 (at upper band) |
Key Performance Indicators (KPI)
| ROE | 7.92% (Jun 30, 2026), 38.03% (Mar 31, 2026) |
| ROCE | 8.93% (Jun 30, 2026), 46.34% (Mar 31, 2026) |
| RoNW | - |
| PAT Margin | 11.48% (Jun 30, 2026), 9.52% (Mar 31, 2026) |
| EBITDA Margin | 21.76% (Jun 30, 2026), 16.50% (Mar 31, 2026) |
| EPS | ₹7.45 (Pre-IPO), ₹6.90 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.98 (Jun 30, 2026), 1.11 (Mar 31, 2026) |
| P/E Ratio | 12.62 (Pre-IPO), 13.62 (Post-IPO) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2027 (Jun 30, 2026) | ₹100.88 Cr | ₹30.49 Cr | ₹3.48 Cr | ₹6.59 Cr | ₹45.60 Cr | ₹44.81 Cr |
| FY2026 (Mar 31, 2026) | ₹97.80 Cr | ₹115.31 Cr | ₹10.97 Cr | ₹19.00 Cr | ₹42.26 Cr | ₹46.82 Cr |
| FY2025 (Mar 31, 2025) | ₹55.40 Cr | ₹81.58 Cr | ₹4.56 Cr | ₹7.74 Cr | ₹15.42 Cr | ₹13.32 Cr |
| FY2024 (Mar 31, 2024) | ₹18.88 Cr | ₹49.73 Cr | ₹0.64 Cr | ₹1.29 Cr | ₹3.86 Cr | ₹6.35 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | Not Available |
IPO Subscription Data
| Total Subscription | 0.89x (Day 2, Nov 03, 2026, 5:54 PM) |
| QIB (Ex Anchor) | 327.27x |
| HNI Subscription | 0.94x |
| Retail Subscription | 0.83x |
| Anchor | - |
IPO Intermediaries
Registrar: Cameo Corporate Services Ltd.
Registrar Website: https://www.cameoindia.com
IPO Lead Manager(s)
Company Information
Address: 6/1/Q Digberia Road, P.O. Badu, North 24 Parganas, Badu, Barasat, West Bengal, 700128
Website: https://www.vedantpolyfabs.com
Email: cs@vedantpolyfabs.com
Phone: +91 8240877760
IPO Documents
Frequently Asked Questions (FAQ)
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