Vedant Poly Fabs Limited, a flexible packaging materials manufacturer, opened its SME IPO for subscription on November 2, 2026 . The issue closes on November 4, with allotment on November 5 and listing on the NSE SME platform expected on November 9, 2026 .
Key IPO Details
The price band is ₹88 to ₹94 per share. The lot size is 1,200 shares. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,25,600 at the upper price band . HNI investors need a minimum of 3 lots (3,600 shares), amounting to ₹3,38,400 .
The total issue size is approximately ₹56.68 crore .
Grey Market Premium (GMP)
As of the morning of November 2, the GMP stood at approximately ₹15 per share, according to the Economic Times Hindi. Based on the upper price band of ₹94, this implies an estimated listing price of around ₹109, a potential gain of roughly 15.96% .
However, GMP is an informal, unregulated indicator and changes frequently. It should not be treated as a guarantee of listing performance. Other GMP trackers showed a more modest premium of ₹4.25 as of October 31, highlighting the volatility of grey market signals .
Should You Apply?
SME IPOs carry higher risk and lower liquidity than mainboard issues. Vedant Poly Fabs operates in the flexible packaging sector, which has steady industrial demand but is not a high-growth theme. The modest GMP suggests muted but positive market interest. Retail investors should consider their risk appetite and the minimum ₹2.25 lakh commitment before applying.
FAQ
Q1: When does Vedant Poly Fabs IPO open and close?
The IPO opened on November 2, 2026, and closes on November 4, 2026 .
Q2: What is the price band and lot size?
Price band is ₹88–94 per share. Lot size is 1,200 shares. Retail minimum is 2 lots (2,400 shares) .
Q3: What is the current GMP?
GMP was approximately ₹15 per share as of November 2 morning, indicating a potential listing gain of around 15.96% over the upper price band . GMP is unofficial and volatile.
Q4: When will Vedant Poly Fabs list?
Listing is expected on November 9, 2026, on the NSE SME platform .
