Vedant Poly Fabs Limited is a Barasat, West Bengal-based manufacturer of flexible packaging materials, catering to businesses across India. Incorporated in December 2018, the company operates on a Business-to-Business (B2B) model, supplying customised packaging solutions to the food and beverage, dairy and consumer goods industries.
The company’s product portfolio includes 3-layer and 5-layer Low-Density (LD) films, shrink films, barrier films, printed plastic packaging, printed laminates, aluminium foil laminates, and milk and oil pouches.
The company operates an integrated manufacturing facility in Barasat, undertaking film extrusion, printing, lamination, slitting, pouching and quality control. In 2025, it installed a plastic waste reprocessing unit, followed by additional lamination, slitting and pouching machines in March 2026 to enhance manufacturing capacity.
Additionally, the company trades billet strips used in engineering and fabrication industries. Its operations are supported by in-house design, production and logistics teams, along with eight delivery vehicles.
As of March 31, 2026, the company had 72 employees, including 41 permanent and 31 contractual employees.
Vedant Poly Fabs IPO – Details
| IPO Opening Date | 02 November 2026 |
| IPO Closing Date | 04 November 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 60,30,000 Shares Worth ₹56.68 Crore Fresh Issue: 54,26,400 Shares Worth ₹51.01 Crore Offer For Sale: 6,03,600 Shares Worth ₹5.67 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹88 – ₹94 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vedant Poly Fabs IPO – Date Schedule
| IPO Open Date | 02 November 2026 |
| IPO Close Date | 04 November 2026 |
| Basis of Allotment | 05 November 2026 |
| Initiation of Refund | 06 November 2026 |
| Credit of Shares to Demat | 06 November 2026 |
| IPO Listing Date | 09 November 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 04, 2026 |
Vedant Poly Fabs IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,25,600 |
| Retail (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 |
Competitive Strength
- Integrated manufacturing operations.
- Diversified flexible packaging product portfolio.
- Strong quality control systems.
- Strategic manufacturing location.
- In-house transportation and logistics capabilities.
- Direct sales model with diversified customer base.
- Product development and customization capabilities.
Company Promoters
- Kapil Garg
- Shalini Garg
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹49.73 Cr | ₹48.87 Cr | ₹0.64 Cr | ₹6.35 Cr |
| 31 March 2025 | ₹81.58 Cr | ₹74.97 Cr | ₹4.56 Cr | ₹13.32 Cr |
| 31 March 2026 | ₹115.31 Cr | ₹100.59 Cr | ₹10.97 Cr | ₹46.82 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 38.03% |
| ROCE | 46.34% |
| Debt/Equity | 1.11 |
| RoNW | 25.95% |
| PAT Margin | 9.52% |
| EBITDA Margin | 16.50% |
| NAV | 28.70 |
| Price to Book Value | 3.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.45 | 5.44 |
| P/E (x) | 12.62 | 17.28 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding incremental working capital requirements of the Company. | ₹17.59 |
| Prepayment or Repayment of all or a portion of certain secured or/and unsecured outstanding borrowings availed by the company. | ₹8.00 |
| Funding Capital Expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility. | ₹6.51 |
| General Corporate Purposes. | – |
| To meet the offer related expenses. |
✅Strengths
- Integrated manufacturing facilities.
- Diversified flexible packaging products.
- Revenue grew to ₹115.14 crore in FY26.
- Strong contribution from lamination products.
- Caters to multiple packaging industries.
⚠️Risks
- High customer concentration.
- Dependence on key suppliers.
- Significant working capital requirements.
- Potential regulatory compliance risks.
- Intense industry competition.
Vedant Poly Fabs IPO Promoter Holding
| Pre-Issue Share Holding | 88.11% |
| Post Issue Share Holding | 63.64% |
Vedant Poly Fabs IPO Prospectus
- Vedant Poly Fabs IPO DRHP
- Vedant Poly Fabs IPO RHP
Company Contact Information
| Vedant Poly Fabs Limited 6/1/Q Digberia Road, Barasat P.O. Badu, PS Barasat North 24 Parganas Badu, Barasat, West Bengal, 700128 Phone: +91 8240877760 Email: cs@vedantpolyfabs.com Website: https://vedantpolyfabs.com/ |
Vedant Poly Fabs IPO Registrar
| Cameo Corporate Services Ltd. Phone: 044-28460390/28460391/28460392 Email: investor@cameoindia.com Website: https://ipostatus1.cameoindia.com/ |
Vedant Poly Fabs IPO Lead Manager(s)
| 1. Affinity Global Capital Market Pvt. Ltd. |
Vedant Poly Fabs IPO FAQ
| What is the Vedant Poly Fabs IPO? Vedant Poly Fabs IPO is an SME IPO. The issue is priced at ₹88 – ₹94 per equity share. The IPO is to be listed on NSE SME. |
| When will Vedant Poly Fabs IPO open? The IPO is to open on 02 November 2026 for QIB, NII and Retail Investors. |
| What is Vedant Poly Fabs IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Vedant Poly Fabs IPO Size? Vedant Poly Fabs IPO size is ₹56.68 Crore. |
| What are the Vedant Poly Fabs IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,25,600, while the maximum bid is 2400 Shares for ₹2,25,600. |
| What is the Vedant Poly Fabs IPO Allotment Date? Vedant Poly Fabs IPO allotment date is 05 November 2026. |
| What is the Vedant Poly Fabs IPO Listing Date? Vedant Poly Fabs IPO listing date is 09 November 2026. The IPO is to be listed on the NSE SME. |
