The Initial Public Offering (IPO) of Vedant Poly Fabs Limited, which opened for subscription on November 2, 2026, has been subscribed 1.90 times as of 18:00:0 IST on November 3, 2026, according to the NSE SME data, indicating muted investor participation across select categories.
The ₹56.68 crore issue has attracted bids for approximately 50.14 lakh shares, compared with 56.57 lakh shares on offer, reflecting the cumulative demand trend across all investor segments since the issue opened.
📊 Subscription Breakdown (Category-wise)
- Qualified Institutional Buyers (QIBs): 1.00 times
- Non-Institutional Investors (NIIs): 1.38 times
- Retail Individual Investors (RIIs): 2.26 times
(Subscription data remains dynamic and may change until the close of the issue.)
⚙️ Issue Structure & Pricing
The IPO consists of a Fresh Issue of ₹51.01 crore and an Offer for Sale (OFS) aggregating to ₹5.67 crore, with the issue price band fixed at ₹88 to ₹94 per share.
🎯 Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
| 1 | Funding incremental working capital requirements of the Company | 24.61 |
| 2 | Prepayment or Repayment of all or a portion of certain secured or/and unsecured outstanding borrowings availed by the company | 8.00 |
| 3 | Funding Capital Expenditure for purchase and installation of Plant and Machinery at its existing manufacturing facility | 6.51 |
| 4 | General Corporate Purposes | — |
| 5 | To meet the offer related expenses | — |
| Total | 39.12 |