SME
IPO ·
NSE Emerge
Vedant Poly Fabs Ltd
Upcoming
B2B maker of flexible packaging materials such as LD, shrink and barrier films, printed laminates and pouches.
Issue details
Price band
₹88 – ₹94
Face value
₹10
Lot size
2,400 shares
Minimum investment
₹2,25,600
Issue size
₹56.68 Cr
Fresh issue
₹51.01 Cr
Offer for sale
₹5.67 Cr
Issue type
Book Built
Exchange
NSE Emerge
Key dates
Opens
2 Nov 2026
Closes
4 Nov 2026
UPI mandate cut-off
5:00 PM on 4 Nov 2026
Allotment
TBA
Refunds
6 Nov 2026
Shares in demat
6 Nov 2026
Listing
TBA
Subscription and listing
Subscription
Not open yet
Listing price
Not listed yet
Registrar
Cameo Corporate Services Ltd
Lead manager
Affinity Global Capital Market Pvt Ltd
Grey market premium
Latest GMP
₹0
Est. listing price
₹94 (+0.0%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
—
Up to 50.00% of net offer
Retail
—
At least 35% of net offer
NII
—
At least 15.00% of net offer
Finaccle’s quick read
Avoid
PAT jumped from ₹0.64 Cr in FY24 to ₹10.97 Cr in FY26 on a small base, debt/equity is 1.11, and the post-issue P/E of 17.28 is above recently listed packaging SME peers (about 9.5–12).
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Vedant Poly Fabs is a B2B maker of flexible packaging materials, supplying films, laminates and pouches mainly to food, beverage and other consumer-goods companies. It had 72 staff at March 2026 and reported total income of about ₹115 Cr in FY26. The company plans to list on NSE SME.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
38.03%
ROCE
46.34%
Debt / equity
1.11
PAT margin
9.52%
P/E post issue
17.28
Market cap
₹189.43 Cr
Use of IPO money
Incremental working capital
₹17.59 Cr
Prepayment/repayment of borrowings
₹8.00 Cr
Plant and machinery capex
₹6.51 Cr
General corporate purposes
—
Strengths
✓
Integrated in-house manufacturing with quality controls
✓
Broad flexible-packaging range across film types
✓
Own transport fleet and direct sales to customers
✓
Income up 41% in FY26 with ROE of 38%
Risks to watch
!
Debt/equity of 1.11; borrowings jumped from ₹13.32 Cr to ₹46.82 Cr
!
PAT rose from ₹0.64 Cr in FY24 to ₹10.97 Cr in FY26, a small base
!
Post-issue P/E of 17.28 is above recently listed packaging SME peers (about 9.5–12)
!
Includes a small OFS by a promoter entity
!
Thin margin, commodity-linked packaging business
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.