Vedant Poly Fabs IPO Subscription Status Day 2: Issue Subscribed 0.88 Times

Mumbai, November 03: The Vedant Poly Fabs IPO was subscribed 0.88 times overall as of 4:54:06 PM IST on November 3, 2026, the second day of bidding, according to the subscription figures provided. The qualified institutional buyers (QIB) category, excluding anchor investors, recorded 327.27 times subscription against its small allocation of 209 shares. The non-institutional investor (NII) segment stood at 0.94 times, while individual investors registered 0.81 times subscription at the reported snapshot time. The book-built issue is valued at approximately ₹56.68 crore, comprising a fresh issue of 54.26 lakh equity shares aggregating ₹51.01 crore and an offer for sale of 6.04 lakh shares worth ₹5.67 crore. The IPO price band has been fixed at ₹88 to ₹94 per share, with a face value of ₹10 each. Subscription opened on November 2, 2026, and is scheduled to close on November 4, 2026. The tentative allotment date is November 5, 2026. Refunds and credit of shares are scheduled for November 6, while the company’s equity shares are expected to list on the NSE SME platform on November 9, 2026.

Vedant Poly Fabs IPO Day 2 Subscription Status

As of 4:54:06 PM IST on November 3, 2026, the Vedant Poly Fabs IPO had received bids for 49,53,600 equity shares against 56,57,009 shares available for public subscription, excluding the market maker reservation. The QIB category, excluding anchor investors, received bids for 68,400 shares against an allocation of 209 shares. Although the category recorded the highest subscription multiple, its allocated share quantity was considerably smaller than those of the other investor segments. The NII category received bids for 21,22,800 shares against 22,60,800 shares offered. Within this segment, big non-institutional investors (bNII) submitted bids for 11,28,000 shares against 15,07,200 shares available, while small non-institutional investors (sNII) placed bids for 9,94,800 shares against their allocation of 7,53,600 shares. Individual investors submitted bids for 27,62,400 equity shares against 33,96,000 shares reserved for the category.

The category-wise subscription position at the reported snapshot time was as follows:

Investor Category	Shares Offered	Shares Bid For	Subscription (Times)
QIB (Ex Anchor)	209	68,400	327.27x
NII/HNI	22,60,800	21,22,800	0.94x
bNII (Above ₹10 lakh)	15,07,200	11,28,000	0.75x
sNII (Below ₹10 lakh)	7,53,600	9,94,800	1.32x
Individual Investors (Retail)	33,96,000	27,62,400	0.81x
Total	56,57,009	49,53,600	0.88x

The issue also includes a market maker reservation of 3,04,800 shares, with bids received for the full reserved quantity. This portion is excluded from the overall public subscription calculation.

Vedant Poly Fabs IPO Day-wise Subscription Summary

The Vedant Poly Fabs IPO opened for public subscription on November 2, 2026, and is scheduled to close on November 4, 2026. The supplied subscription records cover the first two bidding days, including the Day 2 snapshot captured at 4:54:06 PM IST on November 3, 2026.

The day-wise subscription figures are presented below.

Date	QIB (Ex Anchor)	NII	Individual Investors	Total Subscription
November 2, 2026 (Day 1)	0.00x	0.83x	0.14x	0.42x
November 3, 2026 (Day 2, 4:54:06 PM IST)	327.27x	0.94x	0.81x	0.88x

The IPO recorded an overall subscription of 0.42 times on its opening day. By the second day’s reported snapshot, the total had reached 0.88 times, with an increase in the reported subscription levels across all three public investor categories. The QIB category moved from no recorded bids on the opening day to 327.27 times subscription on Day 2. Retail subscription increased from 0.14 times to 0.81 times, while the NII segment rose from 0.83 times to 0.94 times. Within the NII category, small non-institutional investors recorded 1.32 times subscription on Day 2, compared with 0.80 times on Day 1. The big non-institutional investor segment, however, stood at 0.75 times against 0.85 times in the opening-day record. The IPO is scheduled to remain open for one more bidding day, with subscription closing on November 4, 2026.

Vedant Poly Fabs IPO Timeline

The Vedant Poly Fabs IPO opened for bidding on November 2, 2026, and is scheduled to close on November 4, 2026. The tentative timetable covers allotment, refunds, credit of shares and listing on the NSE SME platform.

IPO Event	Date
Issue Open Date	November 2, 2026
Issue Close Date	November 4, 2026
Allotment Date	November 5, 2026
Initiation of Refunds	November 6, 2026
Credit of Shares	November 6, 2026
Tentative Listing Date	November 9, 2026
Listing Platform	NSE SME

Brief Overview of the Vedant Poly Fabs IPO

Vedant Poly Fabs’ IPO is a book-built public issue aggregating approximately ₹56.68 crore. The offering comprises a fresh issue of 54.26 lakh equity shares valued at ₹51.01 crore and an offer-for-sale component of 6.04 lakh shares amounting to ₹5.67 crore. The total issue comprises 60,30,000 equity shares, including 3,04,800 shares reserved for the market maker. The subscription details show 56,57,009 shares available for public bidding after excluding the market maker portion. The NII category has been allocated 22,60,800 shares, while 33,96,000 shares are reserved for individual investors. The QIB allocation, excluding anchor investors, is shown as 209 shares in the supplied reservation details. The IPO price band has been fixed at ₹88 to ₹94 per equity share, with a face value of ₹10 each. The lot size is 1,200 shares. Individual investors are required to apply for a minimum of two lots, equivalent to 2,400 shares, involving an investment of ₹2,25,600 at the upper end of the price band. For small non-institutional investors (sHNI), the minimum application size is three lots or 3,600 shares, amounting to ₹3,38,400 at the upper price. Big non-institutional investors (bHNI) have a minimum application requirement of nine lots, equivalent to 10,800 shares and an investment of ₹10,15,200. Affinity Global Capital Market Pvt. Ltd. is the book-running lead manager for the issue, while Cameo Corporate Services Ltd. serves as the registrar. Giriraj Stock Broking Pvt. Ltd. has been appointed as the market maker. The IPO opened for subscription on November 2, 2026, and is scheduled to close on November 4, 2026. The Allotment is tentatively expected to be finalised on November 5, followed by refunds and credit of shares on November 6. Vedant Poly Fabs is expected to list on the NSE SME platform on November 9, 2026.

Source: 

• https://www.nseindia.com/market-data/issue-information?symbol=VPFL&series=SME&type=Active