Vedant Poly Fabs IPO Subscription Status Day 3: Issue Subscribed 1.90 Times

Mumbai, November 04: The Vedant Poly Fabs IPO was subscribed 1.90 times overall as of 5:00:04 PM IST on November 4, 2026, the third and final day of bidding, according to the subscription figures provided. The individual investor category recorded 2.26 times subscription, while non-institutional investors (NII) registered 1.38 times. The qualified institutional buyers (QIB) category, excluding anchor investors, stood at 1.00 times subscription at the reported snapshot time. The book-built issue is valued at approximately ₹56.68 crore and comprises a fresh issue of 54.26 lakh equity shares aggregating ₹51.01 crore, alongside an offer for sale of 6.04 lakh shares worth ₹5.67 crore. The IPO price band was fixed at ₹88 to ₹94 per share, with a face value of ₹10 each. Subscription opened on November 2, 2026, and closed 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 3 Subscription Status

As of 5:00:04 PM IST on November 4, 2026, the Vedant Poly Fabs IPO had received bids for 1,08,63,600 equity shares against 57,25,200 shares available for public subscription, excluding the market maker reservation. The individual investor category accounted for 76,68,000 shares bid against an allocation of 33,96,000 shares. The NII segment received bids for 31,27,200 shares against 22,60,800 shares offered. Within the NII category, big non-institutional investors (bNII) submitted bids for 16,92,000 shares against 15,07,200 shares available, while small non-institutional investors (sNII) placed bids for 14,35,200 shares against their allocation of 7,53,600 shares. The QIB category, excluding anchor investors, received bids for 68,400 shares against an allocation of 68,400 shares at the reported timestamp.

The category-wise subscription position was as follows:

Investor Category	Shares Offered	Shares Bid For	Subscription (Times)
QIB (Ex Anchor)	68,400	68,400	1.00x
NII/HNI	22,60,800	31,27,200	1.38x
bNII (Above ₹10 lakh)	15,07,200	16,92,000	1.12x
sNII (Below ₹10 lakh)	7,53,600	14,35,200	1.90x
Individual Investors (Retail)	33,96,000	76,68,000	2.26x
Total	57,25,200	1,08,63,600	1.90x

The IPO also includes a market maker reservation of 3,04,800 shares, with bids received for the entire 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 concluded on November 4, 2026, covering three bidding days. The supplied day-wise subscription records show the reported demand across investor categories during the offer period. The final day’s figures reflect the snapshot captured at 5:00:04 PM IST on November 4, 2026.

Date	QIB (Ex Anchor)	NII	Individual Investors	Total Subscription
November 2, 2026 (Day 1)	0.00x	0.83x	0.14x	0.41x
November 3, 2026 (Day 2)	327.27x	0.94x	0.83x	0.89x
November 4, 2026 (Day 3, 5:00:04 PM IST)	1.00x	1.38x	2.26x	1.90x

The IPO recorded an overall subscription of 0.41 times on its opening day, followed by 0.89 times on the second day. By the final day’s reported snapshot, the total had reached 1.90 times. Retail investors recorded the highest subscription multiple among the public investor categories on the closing day. Subscription in this segment increased from 0.14 times on Day 1 to 2.26 times on Day 3, while the NII category moved from 0.83 times to 1.38 times over the same period. Within the NII segment, small non-institutional investors recorded 1.90 times subscription on the final day, compared with 1.12 times for big non-institutional investors. The supplied records show a change in the QIB allocation between Day 2 and Day 3, with the latest snapshot reporting 68,400 shares offered against 209 shares in the earlier snapshot. The category’s subscription multiples therefore reflect different reported allocation bases.

Vedant Poly Fabs IPO Timeline

The Vedant Poly Fabs IPO closed for public subscription on November 4, 2026. Following the bidding period, the issue is scheduled to proceed through allotment and settlement, with a tentative listing date of November 9, 2026.

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 combines a fresh issue of 54.26 lakh equity shares valued at ₹51.01 crore with 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 remaining 57,25,200 shares form the net offer available for public subscription. Of the net offer, 68,400 shares have been allocated to qualified institutional buyers, representing approximately 1.19%. Non-institutional investors have been allocated 22,60,800 shares, accounting for 39.49%, while 33,96,000 shares are reserved for individual investors, representing approximately 59.32% of the net issue. The IPO price band was fixed at ₹88 to ₹94 per equity share, with a face value of ₹10 each. The lot size is 1,200 shares. Individual investors were 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 was three lots or 3,600 shares, amounting to ₹3,38,400 at the upper price. Big non-institutional investors (bHNI) had 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 closed 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