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Vigor Plast India Limited

Vigor Plast India Limited’s IPO was a book-built issue aggregating ₹25.10 crore. The issue comprised a fresh issue of 0.25 crore equity shares amounting to ₹20.24 crore and an offer for sale of 0.06 crore equity shares aggregating ₹4.86 crore.

The IPO opened for subscription on September 4, 2025, and closed on September 9, 2025. The allotment was finalized on September 10, 2025, and the company’s shares were listed on the NSE SME platform on September 12, 2025.

The IPO price band was fixed at ₹81 per share. The lot size for an application was 1,600 shares. Retail investors were required to apply for a minimum of 2 lots (3,200 shares), amounting to an investment of ₹2,59,200 at the upper price band. For HNI investors, the minimum application size was 3 lots (4,800 shares), requiring an investment of ₹3,88,800.

Unistone Capital Pvt. Ltd. acted as the Book Running Lead Manager, while Kfin Technologies Ltd. served as the registrar. The market maker for the issue was Alacrity Securities Ltd.

Vigor Plast India Limited IPO & Charts
₹81

0%

Open

₹81

HIgh - Low

₹81

Previous Close

₹81

Total Traded Value

0

52 Weeks High

₹81

52 Weeks Low

₹81

Updates On

Aug 30, 2025

IPO. Open

Sep 4, 2026

IPO. Close

Sep 9, 2026

IPO. Price

₹81.00

IPO Market price

₹83.85 Cr

IPO Details

IPO Date 12 Sep
IPO Listing Date 12 Sep
IPO Face Value Rs.10
IPO Price Range ₹81.00
IPO Issue Size 30,99,200 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 78,52,500 shares

IPO Timeline

IPO Open Date 4 Sep
IPO Close Date 9 Sep
IPO Allotment (Tentative) 10 Sep
Refunds 11 Sep
Credit to Demat Account 11 Sep
IPO Listing Date 12 Sep

IPO Reservation

Category Offer
QIB Shares Offered 14,64,000 Shares
NII (HNI) Shares Offered 4,46,400 Shares
Retail Shares Offered 10,33,600 Shares

IPO Lot Size

Investors can bid for a minimum of 3,200 shares, with additional shares to be purchased in multiples of 1,600.

Application Lots Share Amount
Retail (Min) 2 3,200 ₹2,59,200
Retail (Max) 2 3,200 ₹2,59,200
S-HNI (Min) 3 4,800 ₹3,88,800
S-HNI (Max) 7 11,200 ₹9,07,200
B-HNI (Min) 8 12,800 ₹10,36,800
About Company

Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supply of CPVC and UPVC pipes and fittings. The company provides comprehensive piping solutions for plumbing, sewage, agriculture, and industrial applications.

Product Portfolio

Vigor Plast offers a wide range of products, including:

Pipes: CPVC and uPVC plumbing pipes, SWR Ring Fit and SWR Self Fit pipes, and PVC agricultural pipes.

Fittings and Accessories: CPVC and uPVC fittings, agricultural fittings (Self Fit), SWR Ring Fit and Self Fit fittings, as well as ancillary products such as PTMT taps and garden pipes.

Operations and Manufacturing

The company’s manufacturing facility and registered office, located in Dared, Gujarat, employ fully automated equipment to ensure consistent, high-quality production while streamlining operations and maintaining strict quality oversight.

Vigor Plast maintains five strategically located warehouses in Gujarat, at Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka, facilitating efficient distribution.

As of March 31, 2025, the company has a robust network of 440 distributors and dealers across 25 Indian states and territories, supported by flexible credit terms and an Android-based “Vigor India Plast” app for seamless order placement.

As of June 30, 2025, the company employed 81 personnel (excluding Board members) across functions such as Management, Purchase, Procurement, Marketing, Production, Quality Control, Packing, Dispatch, Sales, and Human Resources.

Competitive Strengths

Broad and versatile product portfolio tailored to diverse applications

Strong brand identity emphasizing quality and reliability

Modern, strategically located manufacturing setup enabling operational efficiency and cost-effectiveness

Certified quality through ISO standards and multiple IS/BIS certifications

Vigor Plast India Ltd. reported an 8% increase in revenue and a 76% rise in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the year ended March 31, 2024.

Company Financials (Consolidated)

Assets 40.51 35.89 20.09
Total Income 46.02 42.52 37.39
Profit After Tax 5.15 2.93 0.3
EBITDA 12.08 7.55 3.08
NET Worth 12.78 4.57 1.64
Reserves and Surplus 4.93 4.07 1.14
Total Borrowing 17.72 21.57 11.29

Key Performance Indicator (KPI)

ROE 59.39%
ROCE 28.24%
Debt/Equity 1.39
RoNW 59.39%
PAT Margin 11.30%
EBITDA Margin 26.51%
Price to Book Value 4.97
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 3.03
4 Offer for Sale (OFS) -

Contact Details

Vigor Plast India Ltd. Address
Survey No. 640/3,
Behind Gujarat Gas CNG Pump Godown Zone,
Lalpur Road, Dared, Village: Chela,
Jamnagar, Gujarat, 361006
0288-2730912
info@vigorplastindia.com
https://www.vigorplastindia.com/

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
vpil.ipo@kfintech.com
https://ipostatus.kfintech.com/

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