Vigor Plast India Limited – IPO
Vigor Plast India Limited – IPO Details
| IPO Date | September 4, 2025 to September 9, 2025 |
| Listing Date | September 12, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 77 to ₹ 81 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 30,99,200 shares (Aggregating up to ₹25.10 Cr) |
| Fresh Issue | 23,44,000 shares (Aggregating up to ₹18.99 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (Aggregating up to ₹4.86 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share holding pre issue | 78,52,500 shares |
| Share holding post issue | 1,03,51,700 shares |
| Market Maker portion |
Vigor Plast India Limited Timeline (Tentative Schedule)
Vigor Plast India Limited IPO opens on September 4, 2025, and closes on September 9, 2025.
| IPO Open Date | September 4, 2025 |
| IPO Close Date | September 9, 2025 |
| Basis of Allotment | September 10, 2025 |
| Initiation of Refunds | September 11, 2025 |
| Credit of Shares to Demat | September 11, 2025 |
| Listing Date | September 12, 2025 |
| Cut-off time for UPI mandate confirmation | September 9, 2025 |
Vigor Plast India Limited IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | Rs.259,200 |
| Retail (Max) | 2 | 3,200 | Rs.259,200 |
| S-HNI (Min) | 3 | 4,800 | Rs.388,800 |
| S-HNI (Max) | 7 | 11,200 | Rs.907,200 |
| B-HNI (Min) | 8 | 12,800 | Rs.1,036,800 |
| HNI (Min) |
Vigor Plast India Limited IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.05% |
Vigor Plast India Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Vigor Plast India Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Vigor Plast India Limited
Started in 2012, Vigor Plast India Limited is involved in the manufacturing and supplying of CPVC and UPVC pipes and fittings. The products of the company include a complete range of CPVC and UPVC plumbing pipes and fittings, SWR pipes, and PVC agricultural pipes, which are created for use in different applications such as plumbing, sewage, agriculture, and industrial applications. The registered office and manufacturing unit in Dared, Gujarat, use completely automated machinery to maintain high-quality, consistent production while simplifying operations and keeping close control.
Five warehouses have been set up by the company in Gujarat at Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka.
Product Range
Vigor provides a complete range of piping solutions for different applications:
Pipes: CPVC pipes, uPVC plumbing pipes, SWR Ring Fit & SWR Self Fit pipes, and PVC farm pipes.
Fittings and Accessories: The complete range of CPVC and uPVC fittings, farm fittings (Sel Fit), SWR Ring Fit and Self Fit fittings, as well as ancillary items including PTMT taps and garden pipes.
440 distributor-dealers in 25 Indian states and union territories (as of March 31, 2025) are supplied by Vigor, providing accommodating credit terms and making use of an Android-based "Vigor India Plast" app for easy ordering.
As of June 30, 2025, the company has 81 staff members, apart from members of the Board of Directors, who are involved in Management, Purchase, Procurement, Marketing, Production, Quality Control, Packing, Dispatch, Sales, and Human Resources.
Competitive Strengths
A diverse, adaptable product range customized to varied applications
Strong brand reputation built on reliability and quality
A sleek, strategically situated plant facility allowing effectiveness in cost, production, and logistics
Quality supported by certifications (ISO and various IS/BIS standards).
Key Performance Indicator
The market capitalization of Vigor Plast IPO is ₹83.85 Cr.
| KPI | Values |
|---|---|
| ROE | 59.39% |
| ROCE | 28.24% |
| Debt/Equity | 1.39 |
| RoNW | 59.39% |
| P/BV | 4.97 |
| PAT Margin (%) | 11.30% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.56 | 4.98 |
| P/E (x) | 12.35 | 16.28 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Vigor Plast India Limited IPO Objectives)
Vigor Plast India Limited 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: [email protected] Website: https://www.vigorplastindia.com/ |
Vigor Plast India Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: https://ipostatus.kfintech.com/ |