Vedant Poly Fabs Ltd.
VEDANTSME
Ask Iris
Overview
Vedant Poly Fabs Limited is a West Bengal-based B2B manufacturer of flexible packaging materials, including multilayer LD films, shrink and barrier films, printed laminates, and milk and oil pouches. It runs an integrated facility covering extrusion, printing, lamination, slitting and pouching, and also undertakes limited bill-to-ship trading of billet strips.
- Opening Date
Nov 02, 2026
- Closing Date
Nov 04, 2026
- Listing Date
Nov 09, 2026
- IPO Type
SME
- IPO Status
Upcoming
- Issue Size
56.68 Cr
- Fresh Issue
51.01 Cr
- Offer for Sale
5.67 Cr
- Price Band
₹88 - ₹94
- Lot Size
1200
IPO Timeline
Financials
Use of IPO funds
Key Performance Indicator
- P/E Ratio
12.62
- EPS
7.45
- ROE
7.92%
- ROCE
8.93%
- RONW
30.52%
- Debt to Equity Ratio
0.98
- PAT Margin
11.48%
- EBITDA Margin
21.76%
- P/B
3.04
Bull vs Bear
Bull case
- •
An integrated facility handles film-making through finishing, helping coordinate custom orders and control quality across production stages.
- •
Direct customer engagement and an in-house design team can make tailored packaging solutions easier to develop and execute.
- •
India's flexible packaging market is projected to grow 11.46% annually through 2030, creating room for suppliers serving varied packaging needs.
Bear case
- •
The top 10 suppliers provided 90.16% of purchases in Fiscal 2026, so supply disruption or higher input prices could interrupt production and squeeze margins.
- •
The top 10 customers generated 69.44% of Fiscal 2026 sales, so losing a major buyer could sharply reduce revenue and strain cash collections.
- •
Manufacturing depends on workers and machines, so labour shortages, wage increases, disputes, or equipment-related disruption could delay deliveries and raise costs.
Net takeaway
The long-term case rests on an integrated manufacturing setup that can produce customised flexible packaging and on a market with room to grow. That can work if the company converts customer demand into repeat orders while keeping quality and deliveries reliable, but its dependence on a few suppliers and customers creates real pressure points. The one thing to monitor is customer concentration, because large order losses could quickly affect sales and cash flow.
Subscription Rate
Subscription data will be available once the IPO opens.
