Vedant Poly Fabs IPO

GMP History

Financial Performance

As disclosed by Vedant Poly Fabs in its offer document.

Strengths and risks

Taken from Vedant Poly Fabs's own offer document — not Arthneeti's assessment.

• ✓The company undertakes extrusion, printing, lamination, slitting, and rewinding at its in-house manufacturing facility. This allows it to manage multiple production stages within a single facility.
• !The company is dependent on its suppliers for the uninterrupted supply of raw materials, and its top 10 suppliers contributed Rs 88.28 crore (90.16%), Rs 41.35 crore (53.24%), and Rs 16.80 crore (35.13%) of total purchases in FY26, FY25, and FY24, respectively. Any disruption in raw material supplies or increase in raw material and other input costs due to price volatility, currency fluctuations, or changes in government policies could adversely affect the company’s production, product pricing, and financial performance.
• ✓The company claims to have an in-house laboratory equipped with testing instruments, including a dart impact tester, coefficient of friction (COF) tester, and universal testing machine. These instruments are used to evaluate film impact resistance, surface characteristics, sealing strength, and tensile strength.
• !The company’s top 10 customers contributed Rs 79.95 crore (69.44%), Rs 24.43 crore (30.15%), and Rs 6.68 crore (13.49%) of total sales in FY26, FY25, and FY24, respectively. Any loss of these key customers, reduction in orders, or inability to replace lost business in a timely manner could adversely affect the company’s revenue, cash flows, and financial performance.

About Vedant Poly Fabs

Vedant Poly Fabs Limited is engaged in the manufacturing of flexible packaging materials and supplies to business-to-business (B2B) customers across India. Its product portfolio includes 3-layer and 5-layer low-density (LD) films, shrink films, barrier films, printed laminates, and milk and oil pouches used in food and beverage and other consumer product packaging. The company manufactures products according to customer specifications, including size, thickness, material composition, and printing requirements. Its manufacturing processes include extrusion, printing, lamination, slitting, and pouching. The facility is equipped with multilayer extrusion machines, central impression (CI) flexographic printing machines, and rotogravure printing machines. In addition to manufacturing, the company trades in billet strips used in engineering, fabrication, and manufacturing industries. It commenced operations in 2018 and expanded its manufacturing capacity in March 2026 by adding lamination, slitting, and pouching machines. The company also operates a reprocessing unit to process plastic waste generated during manufacturing for reuse in certain applications.