MUMBAI / NEW DELHI, OCTOBER 28, 2026 — Flexible packaging manufacturer Vedant Poly Fabs Limited has formalized the price band for its upcoming initial public offering at ₹88 to ₹94 per equity share. The ₹56.68 Crore public issue is scheduled to open for subscription on Monday, November 2, 2026, and conclude on Wednesday, November 4, 2026, on the NSE SME platform, according to regulatory offer filings submitted ahead of launch.
Key Takeaways at a Glance
- Issue & Valuation Snapshot: Vedant Poly Fabs IPO is a book-built offer seeking to raise ₹56.68 Crore within a fixed price band of ₹88 to ₹94 per equity share.
- Structure & Dilution: The issue combines a Fresh Issue of 54.26 lakh shares (₹51.01 Crore) and an Offer for Sale (OFS) of 6.04 lakh shares (₹5.67 Crore).
- Bidding Timeline: Public bidding runs from November 2 to November 4, 2026, with an application market lot of 1,200 equity shares on the NSE SME platform.
Vedant Poly Fabs IPO Dates, Issue Schedule & Bidding Timeline
The book-building process for Vedant Poly Fabs Limited will open on November 2, 2026, giving non-institutional and retail participants a three-day application window. Investors tracking primary market schedules on our open and upcoming IPO calendar can review the confirmed operational dates below:
| Event / triggers Milestone | Confirmed Calendar Date |
|---|---|
| IPO Opening Date | November 02, 2026 |
| IPO Closing Date | November 04, 2026 |
| Basis of Allotment Finalization | Pending official announcement upon RHP filing / SEBI clearance |
| Initiation of Refunds / Unblocking of ASBA Funds | Pending official announcement upon RHP filing / SEBI clearance |
| Credit of Equity Shares to Demat Accounts | Pending official announcement upon RHP filing / SEBI clearance |
| Listing Date on NSE SME | Pending official announcement upon RHP filing / SEBI clearance |
Vedant Poly Fabs IPO Price Band, Capital Structure & Lot Economics
The capital structure of the issue aggregates to 60,30,000 equity shares. The fresh capital component comprises 54,26,400 equity shares amounting to ₹51.01 Crore, which directly enters the corporate balance sheet to support corporate operations. The secondary component represents an Offer for Sale (OFS)—a mechanism where existing promoters or early investors sell their holdings without proceeds accruing to the operating entity—of 6,03,600 shares valued at ₹5.67 Crore.
Affinity Global Capital Market Private Limited is acting as the sole Book Running Lead Manager to manage the book-building and syndication process. As with SME exchange frameworks overseen by the Securities and Exchange Board of India (SEBI), mandatory application ticket sizes are configured above standard mainboard limits to reflect the institutional profile of the SME segment.
| Issue Metric / Parameter | Verified Figure / Operational Detail |
|---|---|
| Issue Price Band | ₹88 to ₹94 per equity share |
| Application Market Lot Size | 1,200 shares |
| Total Issue Size (Shares) | 60,30,000 shares |
| Total Gross Issue Size (Upper Band) | ₹56.68 Crore |
| Fresh Issue Component (Shares / Amount) | 54,26,400 shares (₹51.01 Crore) |
| Offer for Sale (OFS) Component | 6,03,600 shares (₹5.67 Crore) |
| Minimum Retail Application Requirement | 2,400 shares (2 lots) / ₹2,25,600 |
| Minimum Non-Institutional (HNI) Bid | 3,600 shares (3 lots) / ₹3,38,400 |
| Proposed Listing Exchange Platform | NSE SME |
Vedant Poly Fabs IPO GMP Today (Grey Market Premium)
As of Wednesday, October 28, 2026, GMP data is pending initial price discovery across primary tracking platforms (Chittorgarh & IPOWatch). Unofficial grey market forward quotations generally begin recording volume after anchor allotment confirmations and official Red Herring Prospectus (RHP) dispatch. Market watchers can monitor the latest premium trends and dealer quotes via our live IPO Grey Market Premium (GMP) tracker.
Grey market activities remain unorganized, non-exchange mechanisms subject to localized dealer interest. Investors are advised that absence of early quotes simply mirrors the scheduled multi-day gap ahead of the November 2 subscription launch.
Business Model & Operational Overview: Vedant Poly Fabs
Established in 2018, Vedant Poly Fabs Limited operates as a manufacturer of flexible packaging materials built around a business-to-business (B2B) operating model. Situated in Barasat, West Bengal, the company supplies critical packaging infrastructure tailored to industrial processors and consumer product distributors across domestic markets.
The company’s core product matrix centers on advanced polymer engineering, including:
- Multilayer Low-Density (LD) Films: Engineered for tensile strength and puncture resistance across industrial wrapping and logistics.
- Barrier & Shrink Films: Specialized moisture, light, and gas isolation solutions deployed in perishable food and chemical supply chains.
- Printed Plastic Films & Laminates: High-speed automated packaging reels customized for consumer-facing goods.
- Liquid Packaging Substrates: Certified containment layers tailored specifically for wholesale milk and edible oil distribution.
Analytical Risk Assessment: Growth triggers vs. Operating Risks
Evaluating capital allocation into SME manufacturing issues requires weighing structural sector demand alongside inherent operating dependencies.
Key Operational triggers
- FMCG & Dairy Packaging Tailwinds: Non-discretionary consumer consumption in milk, edible oils, and packaged foods creates recurring baseline volume demand for specialized barrier films.
- Predominant Fresh Capital Allocation: With ₹51.01 Crore of the total ₹56.68 Crore issue raised as fresh issue equity, the capital inflow directly finances operational scaling rather than serving predominantly as promoter exits.
- Regional Manufacturing Positioning: Operating out of West Bengal provides logistics and freight cost efficiencies across eastern and northeastern industrial corridors.
Key Operational Risks
- Polymer Raw Material Price Volatility: Low-density polyethylene (LDPE) and allied plastic resins are crude-oil derivatives; sharp international price swings directly impact gross margins if cost increases cannot be passed on.
- Regulatory & Environmental Oversight: Single-use plastic regulations and extended producer responsibility (EPR) mandates set by state and central pollution boards require continuous technological compliance.
- NSE SME Trading Liquidity: The mandatory application and secondary trading lot constraint (1,200 shares) creates narrower trading liquidity relative to mainboard listed equities.
What to Check Before Applying
- Use of Fresh Proceeds: Check the explicit deployment schedule for the ₹51.01 Crore fresh capital across debt repayment, machinery purchases, and working capital.
- Customer Concentration Profile: Verify from the RHP what percentage of total revenue originates from the top 5 and top 10 dairy and packaging clients.
- Working Capital Intensity: Examine trade receivable turnover and inventory holding periods common to B2B packaging converters.
- Post-Issue Promoter Shareholding: Review the remaining equity stake held by the promoters following the execution of the 6.04 lakh share Offer for Sale.
Once bidding concludes, applicants can check their allotment allotment status through our dedicated IPO allotment status verification hub using Application Number, PAN, or DP Client ID.
Frequently Asked Questions
What are the opening and closing dates for the Vedant Poly Fabs IPO?
The Vedant Poly Fabs IPO officially opens for bidding on Monday, November 2, 2026, and closes on Wednesday, November 4, 2026. The issue operates on the NSE SME platform through an electronic book-building mechanism.
What is the price band and minimum retail investment required?
The price band is fixed at ₹88 to ₹94 per share with a market lot size of 1,200 shares. Individual retail applicants bidding for the minimum prescribed application size of 2 lots (2,400 shares) require an outlay of ₹2,25,600 at the upper price band.
What is the Grey Market Premium (GMP) for Vedant Poly Fabs IPO?
GMP data is pending initial price discovery across primary tracking platforms (Chittorgarh & IPOWatch). Unofficial forward quotes typically establish initial reference trades closer to the issue opening date following the release of complete regulatory filings.
SEBI Compliance & Statutory Disclaimer
The information and analysis presented on IPO Bulletin (ipobulletin.com) are for informational and educational purposes only and do not constitute financial, investment, or legal advice. Securities market investments are subject to market risks; please read all offer documents (DRHP/RHP) thoroughly before committing capital. Grey Market Premium (GMP) figures are unofficial, unregulated street estimates. Always consult a SEBI-registered investment advisor before making financial decisions.
Sources referenced: SEBI, NSE India filings, Chittorgarh, IPOWatch, IPO Central.
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