Vigor Plast IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 77 – 81
Lot Size
1600
Issue Size
₹25.1 Cr
Minimum Investment
₹259200 (3200 Shares)
Listing Date
12 September 2025
Subscription
3.96x
About the Company
Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supply of high-quality CPVC and UPVC pipes and fittings. The company provides end-to-end piping solutions catering to diverse applications in plumbing, sewage, agriculture, and industrial sectors.
Manufacturing & Infrastructure
The company operates its manufacturing facility and registered office at Dared, Gujarat, equipped with fully automated machinery to ensure precision, consistency, and quality in production. Advanced processes streamline operations while enabling stringent quality control.
To strengthen distribution efficiency, the company has established five strategically located warehouses in Gujarat—at Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka—ensuring timely supply across its network.
Product Portfolio
Vigor offers a wide range of piping solutions:
- Pipes:
- CPVC pipes
- UPVC plumbing pipes
- SWR Ring Fit & SWR Self Fit pipes
- PVC agricultural pipes
- Fittings & Accessories:
- CPVC and UPVC fittings
- Agricultural fittings (Self Fit)
- SWR Ring Fit & Self Fit fittings
- Ancillary products such as PTMT taps and garden pipes
Distribution Network
As of March 31, 2025, Vigor has built a robust network of 440 distributors and dealers spread across 25 Indian states and union territories. To support its channel partners, the company offers flexible credit terms and facilitates digital order management through its dedicated Android application, “Vigor India Plast.”
Human Resources
As of June 30, 2025, the company employs 81 professionals (excluding Board members) across critical functions including Management, Purchase, Procurement, Marketing, Production, Quality Control, Packing, Dispatch, Sales, and Human Resources.
Promoters
- Jayesh Premjibhai Kathiriya
- Rajesh Premjibhai Kathiriya.
- Premjibhai Dayabhai Kathiria
- Jashvantiben Rajeshbhai Kathiriya
- Nitaben Jayeshbhai Kathiriya
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
70.05%
Objects of the Issue
The Company Vigor Plast IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment of certain secured borrowings availed by our Company
- Funding capital expenditure towards development and construction of new warehouse in Ahmedabad, Gujarat
- General corporate purposes
Address / Contact Info
Vigor Plast India Ltd.
Survey No. 640/3,
Behind Gujarat Gas CNG Pump Godown Zone,
Lalpur Road, Dared, Village: Chela,
Jamnagar, Gujarat, 361006
Phone: 0288-2730912
Email: info@vigorplastindia.com
Website: https://www.vigorplastindia.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 04 September 2025
IPO Close Date
Tuesday, 09 September 2025
Basis of Allotment
Wednesday, 10 September 2025
Initiation of Refunds
Thursday, 11 September 2025
Credit of Shares to Demat
Thursday, 11 September 2025
Listing Date
Friday, 12 September 2025 — NSE & BSE
Important Dates
Open Date
04 September 2025
Close Date
09 September 2025
Basis Of Allotment
10 September 2025
Listing Date
12 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 40.51 | 35.89 | 20.09 |
| Revenue | 46.02 | 42.52 | 37.39 |
| Profit After Tax | 5.15 | 2.93 | 0.3 |
| Net Worth | 12.78 | 4.57 | 1.64 |
| Reserve & Surplus | 4.93 | 4.07 | 1.14 |
| Total Borrowings | 17.72 | 21.57 | 11.29 |
EPS Pre
6.56%
EPS Post
4.98%
P/E Pre
12.35
P/E (Post Issue)
16.28x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 59.39 | 94.46 | 19.98 |
| ROCE % | 28.24 | 19.58 | 9.49 |
| Debt / Equity | 1.39 | 4.72 | 6.9 |
| RoNW % | 59.39 | 94.46 | 19.98 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 11.3 | 6.9 | 0.8 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 590400 | 28.52 | 0 |
| Non-Institutional | 446400 | 21.56 | 0 |
| BNII | 297600 | 14.37 | 0 |
| SNII | 148800 | 7.19 | 0 |
| Retail Investors | 1033600 | 49.92 | 0 |
| Total | 2070400 | 100 | 0 |
Subscription Status ( Tue, 09 Sep 25 01:29 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 590400 | 2324800 | 3.94x |
| Non-Institutional | 446400 | 3292800 | 7.38x |
| BNII | 297600 | 2833600 | 9.52x |
| SNII | 148800 | 459200 | 3.09x |
| Retail Investors | 1033600 | 2572800 | 2.49x |
| Total | 2070400 | 8190400 | 3.96x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Vigor Plast India Ltd | 10 | 0.00 | 6.57 | 6.57 | 59.39 | 16.30 |
| Captain Pipes Ltd | 10 | 27.27 | 0.59 | 0.59 | 25.18 | 2.97 |
| Dutron Polymers Ltd | 10 | 30.25 | 4.54 | 4.54 | 9.80 | 48.58 |
| Rex Pipes & cables Industries Ltd | 10 | 24.49 | 5.42 | 5.42 | 15.09 | 38.64 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 259,200.00 |
| Retail (Max) | 2 | 3,200 | 259,200.00 |
| S-HNI (Min) | 3 | 4,800 | 388,800.00 |
| S-HNI (Max) | 7 | 11,200 | 907,200.00 |
| B-HNI (Min) | 8 | 12,800 | 1,036,800.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Vigor Plast IPO is a Book-building IPO worth ₹25.1 crores. The price band is ₹77 to 81 per share. The IPO opens on Thu, Sep 4, 2025 and closes on Tue, Sep 9, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Vigor Plast IPO opens on Thu, Sep 4, 2025 and closes on Tue, Sep 9, 2025
Vigor Plast IPO Price Band is ₹77 to 81.
Vigor Plast IPO lot size is 1600, and the minimum amount required for application is ₹259200.
The minimum investment for Vigor Plast IPO is approximately ₹259200 based on the upper price band.
To apply for the Vigor Plast IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 9, 2025. After submission, funds are blocked until the basis of allotment of Vigor Plast IPO is finalised.
Vigor Plast IPO issue size is ₹25.1 crores.
Vigor Plast IPO allotment date is Sat, Jun 27, 2026.
The registrar for Vigor Plast IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Vigor Plast IPO through their official website or helpline.