VPF

Vedant Poly Fabs Ltd.

Open SME NSE Fresh Issue + OFS
🔥🔥🔥🔥🔥

Vedant Poly Fabs manufactures flexible packaging materials including LD films, shrink films, barrier films, and printed laminates for industries such as food & beverages and consumer goods. The company operates an integrated B2B manufacturing facility serving diverse industrial clients across India.

Price Band
₹88–₹94
Lot Size
1200 shares
Issue Size
₹56.68 Cr
GMP
+₹15
Est. Listing
+16%
Subscription
1.90×
Open Date
02 Nov
Close Date
04 Nov
Allotment
05 Nov
Listing Date
09 Nov
Min Investment
₹1,12,800

Overview

About the Company

Vedant Poly Fabs Limited was established in December 2018 and operates as a manufacturer of flexible packaging materials for businesses throughout India. The company functions as a B2B supplier, providing an extensive range of products including 3-layer and 5-layer LD films, shrink films, barrier films, printed laminates, and milk and oil pouches. These products serve industries such as food & beverages and other consumer goods sectors. The organization has systematically developed its manufacturing capabilities since inception, establishing dedicated teams for sales, design, production, logistics, and dispatch. In March 2026, the company enhanced its production capacity by installing lamination, slitting, and pouching machinery, alongside a reprocessing unit to optimize resource utilization and recycle manufacturing waste. The company's operations encompass a complete integrated manufacturing cycle from raw material procurement through film extrusion, printing, lamination, slitting, quality control, packing, and dispatch.

Company Details

Founded
2018
Headquarters
Barasat, West Bengal
Industry
Flexible Packaging
Employees
61
Promoter
Pankaj Kumar Maheshwari, Sujata Maheshwari and Sethsawaria Poly Fab LLP
Issue Type
Fresh Issue + OFS

📋 Objects of Issue (Use of Proceeds)

  • › Funding incremental working capital requirements of the Company (₹24.61 Cr)
  • › Prepayment or repayment of certain secured or unsecured outstanding borrowings (₹8.00 Cr)
  • › Capital expenditure for purchase and installation of plant and machinery at existing manufacturing facility (₹6.51 Cr)
  • › General corporate purposes
  • › Meeting offer related expenses

✅ Strengths

  • ✓ Integrated manufacturing operations covering the entire production cycle
  • ✓ Diversified flexible packaging product portfolio serving multiple industries
  • ✓ Strong quality control systems ensuring product reliability
  • ✓ Strategic manufacturing location with logistical advantages
  • ✓ In-house transportation and logistics capabilities
  • ✓ Direct sales model with diversified customer base reducing dependency
  • ✓ Product development and customization capabilities for client-specific needs
  • ✓ Established presence in polypropylene and polymer packaging manufacturing
  • ✓ Experienced promoter and senior management team with industry expertise

⚠️ Risks

  • ! Business depends on continuous supply of polymer granules at stable prices, exposing operations to raw material volatility
  • ! Company derives significant revenue from a limited group of major customers, creating concentration risk
  • ! Operational success relies on proposed expansion financed via fresh issue proceeds
  • ! Working capital requirements are substantial and subject to customer payment cycle fluctuations
  • ! Manufacturing operations are concentrated in a single production facility, creating geographic risk
  • ! Small and medium enterprise segment with inherently higher volatility and limited liquidity
  • ! Profit after tax decreased by 100% between FY2025 and FY2026 indicating significant earnings volatility