Vedant Poly Fabs shares to list on SME platform today; check GMP ahead of debut

Shares of Vedant Poly Fabs are set to make their debut on the NSE SME platform on Monday, November 9. The IPO is commanding a grey market premium (GMP) of around 1%, indicating expectations of a listing marginally above the issue price.

The IPO received an overall subscription of 1.90 times, while the retail individual investor category was subscribed 2.26 times. The Rs 56.68 crore IPO comprised a fresh issue of 54.26 lakh equity shares aggregating to Rs 51.01 crore and an offer for sale (OFS) of 6.04 lakh shares worth Rs 5.67 crore.

The issue was open for subscription from November 2 to November 4, 2026. The basis of allotment was finalised on November 5, while the shares are scheduled to list on the NSE SME platform on November 9.


Vedant Poly Fabs fixed the IPO price band at Rs 88 to 94 per share, with a lot size of 1,200 shares. Retail investors were required to apply for a minimum of two lots, or 2,400 shares, translating into an investment of Rs 2,25,600 at the upper end of the price band. For high-net-worth individual (HNI) investors, the minimum application size was three lots, or 3,600 shares, amounting to Rs 3,38,400.

Affinity Global Capital Market Pvt. Ltd. acted as the book-running lead manager to the issue, while Cameo Corporate Services Ltd. was the registrar.

Vedant Poly Fabs IPO GMP today

Vedant Poly Fabs shares were commanding a grey market premium (GMP) of Rs 1 per share, or around 1%, over the upper end of the issue price band of Rs 94. This indicates an estimated listing price of Rs 95 per share.

However, the grey market premium is an unofficial indicator of investor sentiment and does not guarantee the actual listing price or potential returns.

IPO objects of the issue

Vedant Poly Fabs intends to deploy a significant portion of the IPO proceeds towards meeting its incremental working capital requirements, for which it has earmarked Rs 24.61 crore.

The company has allocated another Rs 8 crore towards the prepayment or repayment of certain outstanding secured and/or unsecured borrowings. Additionally, Rs 6.51 crore will be utilised for capital expenditure, including the procurement and installation of plant and machinery at its existing manufacturing facility.

The balance proceeds will be used for general corporate purposes and to cover issue-related expenses.

About Vedant Poly Fabs Ltd.

Incorporated in December 2018, Vedant Poly Fabs Ltd. is engaged in manufacturing flexible packaging materials, which it supplies to businesses across India through a business-to-business (B2B) model. Its product portfolio comprises three-layer and five-layer low-density (LD) films, shrink films, barrier films, printed laminates, and milk and oil pouches. These products are used across industries, including food and beverages and other consumer goods. Since starting operations, the company has broadened its product portfolio, upgraded its manufacturing capabilities and built dedicated teams for sales, design, production, logistics and dispatch.

In March 2026, the company expanded its manufacturing capabilities with the installation of lamination, slitting and pouching machines. It also commissioned a reprocessing unit to enhance resource utilisation and recycle manufacturing waste. Vedant Poly Fabs follows an integrated manufacturing process, beginning with raw material procurement and extending through film extrusion, printing, lamination, slitting, quality control, packaging and final dispatch. As of June 30, 2026, the company employed 61 people across its manufacturing facility and office operations. The workforce included directors, key managerial personnel and senior managerial personnel overseeing business operations, compliance, administration, marketing and accounting.

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