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Vedant Poly Fabs IPOALLOTMENT
Vedant Poly Fabs Limited is a West Bengal-based manufacturer of flexible plastic packaging materials, films and laminates for food, dairy and consumer goods industries.
- Open2 Nov
- Close4 NovToday
- Allotment5 Nov
- Refund6 Nov
- Demat6 Nov
- Listing9 Nov
Listing on
09 Nov 26
Allotment 05 Nov 26
Grey market premium
₹0(+0.00%)
Est. listing ~ ₹94
Overview
Price band
₹88-94
Lot size
1,200 shares
Minimum application 2 lots
Face value
₹10 / share
Issue type
Book Built Issue
Min. investment
₹2,25,600
2 lots · 2,400 shares
Listing at
NSE
Issue Size : 60,30,000 shares worth ₹56.68 Cr
- Fresh Issue : 54,26,400 shares worth ₹51.01 Cr
- Offer for Sale : 6,03,600 shares worth ₹5.67 Cr
IPO Share Reservation
Total
94.88%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,25,600 |
| Retail (Max) | 2 | 2,400 | ₹2,25,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,38,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,02,400 |
| B-HNI (Min) | 9 | 10,800 | ₹10,15,200 |
Subscription
- QIB1.00xQIB1.00xQualified Institutional BuyersShares offered 68,400Shares applied 68,400Bid amount ₹0.64 Cr
- NII (HNI)1.52xNII (HNI)1.52xNon-Institutional InvestorsShares offered 22,60,800Shares applied 34,32,000Bid amount ₹32.26 Cr
- S-HNI1.90xS-HNI1.90xSmall HNI · ₹2L – ₹10LShares offered 7,53,600Shares applied 14,35,200Bid amount ₹13.49 Cr
- B-HNI1.32xB-HNI1.32xBig HNI · above ₹10LShares offered 15,07,200Shares applied 19,96,800Bid amount ₹18.77 Cr
- Retail2.26xRetail2.26xRetail Individual InvestorsShares offered 33,96,000Shares applied 76,68,000Bid amount ₹72.08 Cr
- Total1.95xTotal1.95xAll categories combinedShares offered 57,25,200Shares applied 1,11,68,400Bid amount ₹105 Cr
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 49.73 | 48.87 | 0.64 | 18.88 | 6.35 |
| Mar 2025 | 81.58 | 74.97 | 4.56 | 55.4 | 13.32 |
| Mar 2026 | 115.31 | 100.59 | 10.97 | 97.8 | 46.82 |
KPI & Valuation
Key performance indicators
- ROE
- 38.03%
- PAT Margin
- 9.52%
- ROCE
- 46.34%
- EBITDA Margin
- 16.5%
- Debt to Equity Ratio
- 1.11
- Price to Book Value
- 3.28
- RoNW
- 25.95%
As of 31 Mar 2026
Valuation
- EPS Pre IPO
- ₹7.45
- EPS Post IPO
- ₹5.44
- P/E Pre IPO
- 12.62
- P/E Post IPO
- 17.28
Strengths & risks
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.
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| 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 |
| 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. | - |
Promoter Holdings
Company Promoter(s)
- Kapil Garg
- Shalini Garg
Registrar & contacts
Registrar
Cameo Corporate Services Ltd.
Company
Vedant Poly Fabs Limited
- 6/1/Q Digberia Road, Barasat P.O. Badu, PS Barasat North 24 Parganas Badu, Barasat, West Bengal, 700128
- +91 8240877760
- cs@vedantpolyfabs.com
- https://vedantpolyfabs.com/
Documents
Lead managers
About Vedant Poly Fabs
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.