Vedant Poly Fabs IPO opens today at Rs 88-94 on NSE Emerge
By Rohit SharmaMarkets Analyst, Peepals Business
Representative image: promil69 / Pixabay
Packaging maker Vedant Poly Fabs opens its Rs 56.68 crore SME IPO on 2 November 2026 at Rs 88-94 a share; bidding closes on 4 November and listing is set for 9 November.
What Happened
The Vedant Poly Fabs IPO opens for bidding today, 2 November 2026. The packaging maker is selling shares at Rs 88 to Rs 94 each in an initial public offering (IPO) of about Rs 56.68 crore on NSE Emerge, the National Stock Exchange's platform for small and medium enterprises (SMEs). Bidding closes on Wednesday, 4 November, allotment is expected on 5 November, and the shares are scheduled to list on Monday, 9 November.
Key Facts
- Issue size: about Rs 56.68 crore, made up of a fresh issue of about Rs 51.01 crore and an offer for sale of about Rs 5.67 crore by existing shareholders.
- Price band: Rs 88 to Rs 94 per share.
- Bidding window: 2 to 4 November 2026; tentative allotment 5 November; tentative listing 9 November on NSE Emerge.
- Minimum application: about Rs 2.26 lakh at the upper price, according to IPO listing sites, which differ on whether this is one lot of 2,400 shares or two lots of 1,200.
- Business: a business-to-business maker of flexible packaging, including plastic films, printed laminates and milk and oil pouches, incorporated in 2018 and based in Barasat, West Bengal, according to reports.
- Results: revenue of about Rs 115 crore and profit after tax of about Rs 11 crore in the year ended March 2026, according to figures in the company's release and market data sites.
Why It Matters
An IPO is the first time a company sells its shares to the public. SME IPOs are a separate, smaller market with their own rules: the minimum investment is much higher than for most main-board issues, so they are aimed at investors with more money to commit, and shares trade in fixed lots. That is why the minimum application here is more than Rs 2 lakh.
The fresh issue is new money for the company. The offer for sale is different: it lets existing shareholders sell part of their stake, and that money goes to them, not to the business. In this issue, about nine-tenths of the amount raised is fresh capital.
Packaging is a steady but competitive business. Companies such as Vedant Poly Fabs supply films and pouches to dairies, edible oil packers and other manufacturers. Their profits depend on the price of plastic raw materials, which move with crude oil, and on how quickly customers pay. Investors usually check these details, including cash flow and customer payments, in the red herring prospectus, the main offer document filed for the issue.
Vedant Poly Fabs IPO at a glance Item | Detail Issue size | About Rs 56.68 crore Fresh issue / offer for sale | About Rs 51.01 crore / Rs 5.67 crore Price band | Rs 88 to Rs 94 a share Bidding dates | 2 to 4 November 2026 Listing (tentative) | 9 November 2026, NSE Emerge
Impact
Short-term: Subscription figures over the three days will show demand from institutions, wealthy individuals and retail investors. Allotment is due on 5 November.
Long-term: If the listing goes through, the company will have new capital and a market price for its shares, and will have to report its results publicly as a listed company.
Who is affected: Investors considering SME IPOs, the company's existing shareholders, and its customers and suppliers in the packaging chain.
This story is for information only and is not investment advice. Read the offer document and consider the risks before applying for any IPO.
Key Takeaway
Vedant Poly Fabs is raising about Rs 56.68 crore through an SME IPO open from 2 to 4 November 2026 at Rs 88-94 a share, with listing on NSE Emerge planned for 9 November.
Questions and Answers
When does the Vedant Poly Fabs IPO open and close?
It opens on 2 November 2026 and closes on 4 November 2026. Allotment is expected on 5 November and listing on NSE Emerge on 9 November.
What is the price band of the Vedant Poly Fabs IPO?
Rs 88 to Rs 94 per share. At the upper price, the minimum application is about Rs 2.26 lakh, according to IPO listing sites.
What does Vedant Poly Fabs do?
It makes flexible packaging for other businesses, such as plastic films, printed laminates and pouches for milk and edible oil. It reported revenue of about Rs 115 crore and profit of about Rs 11 crore in the year to March 2026.
How much of the money goes to the company?
About Rs 51.01 crore comes from new shares and goes to the company. The remaining Rs 5.67 crore is an offer for sale, which goes to existing shareholders selling part of their holdings.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Rohit Sharma, Markets AnalystCovers Markets Watch and more for Peepals Business. All stories by Rohit Sharma
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Rohit Sharma is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
