Vigor Plast IPO
GMP, Subscription, Price, Dates & Financial Details
Plastic Products
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 &…
Open Date
Thu, 04 Sep 2025
Close Date
Tue, 09 Sep 2025
Price Band
₹ 77 – 81
Lot Size
1600
Issue Size
₹ 25.10 Cr
Minimum Investment
₹ 259,200 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Vigor Plast IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹25.10 Crore, comprising a fresh issue of 23.44 Lakh equity shares aggregating to ₹18.99 Crore and an offer for sale (OFS) of 6.00 Lakh equity shares aggregating to ₹4.86 Crore by the existing shareholders.
The Vigor Plast IPO remained open for subscription from September 04, 2025, to September 09, 2025. The basis of allotment was finalized on September 10, 2025, and the company's shares were listed on NSE SME Platform on September 12, 2025.
The company had fixed the price band at ₹77 to ₹81 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹259,200 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Vigor Plast India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Vigor Plast IPO Timeline (Tentative)
- IPO Open Date
- Thu, 04 Sep 25
- IPO Close Date
- Tue, 09 Sep 25
- Basis of Allotment
- Wed, 10 Sep 25
- Initiation of Refunds
- Thu, 11 Sep 25
- Credit of Shares to Demat
- Thu, 11 Sep 25
- Listing Date
- Fri, 12 Sep 25 — NSE & BSE
Open Date
04 September 2025
Close Date
09 September 2025
Basis Of Allotment
10 September 2025
Listing Date
12 September 2025
IPO Subscription
Check Live Subscription →The Vigor Plast IPO has received bids for 81,90,400 shares against 20,70,400 shares offered, resulting in an overall subscription of 3.96x. the NII category is subscribed 7.38x, Retail Investors 2.49x, and QIBs 3.94x. Within the NII category, BNII is subscribed 9.52x, while SNII is subscribed 3.09x.
QIB
3.94x
NII
7.38x
BNII
9.52x
SNII
3.09x
RII
2.49x
Total
3.96x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,33,600 shares, representing 49.92% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,90,400 shares (28.52%), while Non-Institutional Investors (NIIs) receive 4,46,400 shares (21.56%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 590,400 | 28.52% |
| Non-Institutional | 446,400 | 21.56% |
| BNII | 297,600 | 14.37% |
| SNII | 148,800 | 7.19% |
| Retail Investors | 1,033,600 | 49.92% |
| Total | 2,070,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Vigor Plast India Limited KPI Information
| 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 |
| Pat Margin % | 11.3 | 6.9 | 0.8 |
Peers Comparison
| 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 |
About Vigor Plast India Limited
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.
Vigor Plast IPO 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%
Vigor Plast IPO Objective
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
Vigor Plast India Limited Address / Contact Details
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
Vigor Plast IPO Lot Size
The Vigor Plast IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,59,200 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,59,200.
| 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 |
Issue Reservation
- QIB — 28.52%
- NII — 21.56%
- RII — 49.92%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Vigor Plast IPO?
Vigor Plast IPO is a Book-building IPO with a total issue size of ₹25.1 crore. The Vigor Plast IPO price band is ₹77 to 81 per share. The Vigor Plast IPO subscription opens on Thu, Sep 4, 2025, and closes on Tue, Sep 9, 2025. The Vigor Plast IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Vigor Plast IPO.
When will the Vigor Plast IPO open for subscription?
The Vigor Plast IPO opens on Thu, Sep 4, 2025 and closes on Tue, Sep 9, 2025
What is Vigor Plast IPO Price Band?
Vigor Plast IPO Price Band is ₹77 to 81 per share.
What is Vigor Plast IPO Lot Size?
Vigor Plast IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
What is the minimum investment for Vigor Plast IPO?
The minimum investment for Vigor Plast IPO is ₹259200, based on one lot of 1600 shares at the upper price band of ₹81 per share.
How to apply for Vigor Plast IPO?
Investors can apply for the Vigor Plast IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 9, 2025. The application amount remains blocked until the Vigor Plast IPO allotment is finalized.
What is Vigor Plast IPO Issue Size?
Vigor Plast IPO issue size is ₹25.1 crores.
What is the Vigor Plast IPO Allotment Date?
Vigor Plast IPO allotment date is Wed, Sep 10, 2025.
Who is the Vigor Plast IPO Registrar?
The registrar for Vigor Plast IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Vigor Plast IPO allotment status, refund processing, and other IPO-related information.
Who is the Vigor Plast IPO Lead Manager?
The book-running lead managers (BRLMs) for the Vigor Plast IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Vigor Plast IPO Red Herring Prospectus (RHP).