Vedant Poly Fabs IPO 2026: GMP Today, Subscription Status, Price Band and Allotment Details

Vedant Poly Fabs IPO 2026: Latest Update

Vedant Poly Fabs Limited has opened its ₹56.68 crore SME IPO for subscription on November 2, 2026. The issue will remain open until November 4, 2026, with a price band of ₹88 to ₹94 per equity share.

The company operates in the flexible packaging industry, manufacturing plastic films, printed packaging materials, laminates and pouches for businesses across food, beverages and consumer goods.

The IPO comprises a fresh issue and an offer for sale. The company intends to use the fresh issue proceeds for working capital, repayment or prepayment of borrowings, machinery purchases and general corporate purposes.

The shares are proposed to be listed on the NSE SME platform on November 9, 2026.

Vedant Poly Fabs IPO Details

At the upper price band of ₹94, an application for 1,200 shares amounts to ₹1,12,800. Investors should verify the applicable minimum application quantity and investor-category rules in the final offer documents before applying.

Vedant Poly Fabs IPO GMP Today

The Grey Market Premium (GMP) is an unofficial indicator of demand and market sentiment before an IPO's listing.

According to a reported November 2, 2026, market snapshot, Vedant Poly Fabs IPO GMP reached approximately ₹15 per share.

At this reported premium, the indicative listing price works out to ₹109 per share.

GMP is not an official exchange price. It can fluctuate, and the estimated listing price is only an illustration, not a guaranteed return or listing outcome.

Vedant Poly Fabs IPO Subscription Status

The IPO opened for bidding on November 2, 2026.

At the time of preparing this article, a verified live subscription breakdown across QIB, NII and retail categories was not available.

Subscription data may change throughout the bidding period. Investors should check the latest exchange-reported figures rather than rely on early market expectations.

About Vedant Poly Fabs Limited

Vedant Poly Fabs Limited is a West Bengal-based manufacturer of flexible packaging products, serving business customers in several industries.

Its product portfolio includes:

• Multilayer LDPE plastic films

• Three-layer and five-layer films

• Printed plastic packaging materials

• Laminated rolls and packaging films

• Milk and edible oil packaging rolls and pouches

• Shrink films and related flexible packaging solutions

The company's manufacturing operations include extrusion, printing, lamination, slitting and pouching. It has also invested in plastic waste reprocessing capabilities to reuse certain manufacturing waste materials.

Its customers operate in sectors such as food and beverages, consumer products and other packaging-dependent industries.

Flexible packaging plays an important role in product protection, transportation, storage and branding, making product quality, printing capabilities and manufacturing efficiency important competitive factors.

Vedant Poly Fabs IPO Financial Performance

The company's reported financial results show a considerable improvement in revenue and profitability.

Revenue grew by approximately 41.3% in FY2026 compared with FY2025, while profit after tax increased by around 140.6%.

The improvement indicates strong reported earnings growth. However, investors should also assess whether margins can remain sustainable, particularly in a business exposed to plastic raw material costs and working capital requirements.

Objectives of the Vedant Poly Fabs IPO

The fresh issue proceeds are intended to support the company's operating and expansion plans.

Working capital requirements: Funding day-to-day business requirements, including inventory, production expenses and customer credit.

Repayment or prepayment of borrowings: Reducing selected outstanding secured or unsecured loans and managing financing costs.

Purchase of plant and machinery: Improving production capabilities through capital expenditure at the existing manufacturing facility.

General corporate purposes: Supporting eligible business requirements and corporate activities.

Offer-related expenses: Covering applicable costs associated with the public issue.

The offer for sale component represents shares sold by existing shareholders. Proceeds from those shares will go to the selling shareholders rather than the company.

Growth Opportunities for Vedant Poly Fabs

Packaging industry demand: Growing consumption of packaged food, beverages and consumer products can support demand for flexible packaging materials.

Product diversification: A wider range of films, laminates and pouches may help the company serve different customer requirements.

Manufacturing integration: In-house production processes can provide greater control over quality, printing, finishing and delivery.

Recycling capabilities: Reprocessing suitable manufacturing waste may support material efficiency and operational improvements.

Capacity and machinery investment: New equipment may help improve production output and fulfilment capabilities as business demand grows.

Risks of Investing in Vedant Poly Fabs IPO

Investors should consider the following business risks before making an investment decision.

• Raw material price fluctuations: Plastic granules and packaging inputs can experience price volatility, affecting margins.

• Working capital pressure: Inventory requirements and delayed customer payments can create cash-flow challenges.

• Regional revenue concentration: Dependence on particular geographic markets may expose the company to local demand changes.

• Competitive pressures: Flexible packaging is a competitive industry where pricing, product quality and customer relationships matter.

• Borrowings: Loan repayment requirements and financing costs may influence profitability and financial flexibility.

• SME market risks: SME-listed shares may experience higher volatility and lower liquidity.

Vedant Poly Fabs IPO Important Dates

The above schedule follows the published IPO timeline and may be subject to official updates.

Vedant Poly Fabs IPO: Final Overview

Vedant Poly Fabs IPO is a ₹56.68 crore SME public issue offering exposure to India's flexible packaging manufacturing industry.

The company reported revenue of ₹115.31 crore and profit after tax of ₹10.97 crore in FY2026, reflecting significant year-on-year growth. Its proposed use of funds focuses on working capital, debt management and manufacturing investments.

The reported GMP of ₹15 on November 2 suggests positive unofficial market sentiment, but it should not be treated as a reliable prediction of listing performance. Subscription figures and investor demand should also be assessed using verified updates during the offer period.

Investors should review the company's valuation, financial statements, offer document, borrowing position and industry risks before deciding whether to participate in the IPO.