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Vedant Poly Fabs Limited

SME IPOOpenFlexible Packaging

Price band₹88 – ₹94per share · face value ₹10

Minimum investment₹1,05,6001 lot · 1200 shares at lower band

IPO dates2 Nov – 4 NovCloses 4 Nov, 5:00 PM

GMP UNOFFICIAL₹15▲ +15.96%Est. listing price ₹109Subscription PUBLIC0.42xNot fully subscribedDay 1 so far · as of 6:30 PM, 2 Nov 2026

Reviewed by our team. This analysis was prepared from the offer document on 28 Oct 2026. Figures can contain errors; check them against the offer document before relying on them. It is information, not investment advice.

About Vedant Poly Fabs Limited

What the company does and where it sits in its industry

INVESTORTRACK ANALYSIS

Vedant Poly Fabs Limited is engaged in the manufacturing of flexible packaging materials and operates as a business-to-business (B2B) supplier to customers across India.

We are engaged in the manufacturing of flexible packaging materials and operate as a business-to-business (B2B) supplier to customers across India.

Our product portfolio includes multilayer Low-Density (LD) films such as 3-layer and 5-layer films, shrink films, barrier films, printed laminates, and milk and oil pouches. These products are used for packaging applications across industries, including food and beverages and other consumer products.

We manufacture products based on customer specifications, including size, thickness, material composition and printing requirements. Our operations are carried out through multiple stages such as extrusion, printing, lamination, slitting and pouching at our manufacturing facility.

Main products & services

Multilayer Low-Density (LD) films such as 3-layer and 5-layer films, shrink films, barrier films, printed laminates, and milk and oil pouches.

Business model

We operate on a business-to-business (B2B) model, where our sales are driven through direct engagement with customers and repeat orders.

Competitive positioning

Promoters

Who controls the company, and how much of it they hold

OFFICIAL IPO DATA

Pankaj Kumar Maheshwari, Sujata Maheshwari, Sethsawaria Poly Fab LLP

Before the issue100.0%

After the issueNot available yet

Strengths & risks

Points to weigh, drawn from the offer document and the figures on the other tabs

INVESTORTRACK ANALYSIS

Strengths5 points

Integrated Manufacturing Operations
We carry out our manufacturing operations at our in-house facility, where multiple stages of the production process are undertaken within our premises. These include extrusion of films, printing, lamination, slitting and rewinding.
Quality Control Mechanism
Our manufacturing operations are supported by an in-house laboratory equipped with various testing instruments for evaluating the quality and performance of our products at various stages.
Strategic Locational Advantage
Our manufacturing facility is located in Barasat, West Bengal, which provides connectivity through established road and rail networks, facilitating movement of raw materials and finished goods.

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Diversified Product Portfolio
We manufacture a range of flexible packaging products, including multilayer LD films, printed laminates and pouches, which are used across various packaging applications.
In-house Transportation Capability
We utilise our own transportation fleet, comprising 8 vehicles, for delivery of finished goods to customer locations in a controlled manner.

Risks5 points

Dependence on top suppliers for raw materials
Our Top 10 suppliers contribute significantly to the supply of raw material procurement, and any shortfall or increase in costs may adversely affect our business and results of operations.
Substantial dependence on key customers
We derive a substantial portion of our revenue from a limited number of key customers, and the loss of any significant customer may adversely affect our business.
Manpower and machine intensive operations
Our operations are manpower-intensive and depend on our workforce for carrying out manufacturing activities, making us vulnerable to strikes, work stoppages, or increased wage demands.

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Significant working capital requirements
Our business operations require a significant amount of working capital primarily to finance inventory and maintain trade receivables, and our inability to meet these requirements could affect results.
Revenue concentration in West Bengal
A significant portion of our revenue has been generated from the state of West Bengal, and any adverse developments in this region could impact our revenues and profitability.

This analysis is informational and objective. It is not a recommendation to apply for or avoid the IPO.

Contact the company

Websitewww.vedantpolyfabs.com Email[email protected]Phone+91 8240877760 Compliance officer · Sourindra Nath Mukherjee[email protected]

Registered office6/1/Q Digberia Road, Barasat, P.O. Badu, PS Barasat North 24 Parganas, Badu, Barasat- I, West Bengal, India 700128

Next tabFinancials · Revenue ₹115.14 Cr in FY26