Vigor Plast India IPO
IPO Listing Details
- Listing Date
12 Sep 2025
- Listing Price
₹ 85.00
- Listing Change
4.94%
- Last Traded Price
₹ 81.00
Vigor Plast India IPO Details
-
Open Date
04 Sep 2025
-
Close Date
09 Sep 2025
-
Listing Date
12 Sep 2025
- IPO Price Range
₹ 77 to ₹81
- IPO Size
₹ 25.10 Cr
- Listing Exchange
NSE SME
Vigor Plast India IPO Timeline
Vigor Plast India IPO Subscription Status
| Date | QIB | NII | Individual Investors | TOTAL |
|---|---|---|---|---|
| 04-Sep-25 | 0.42 | 0.50 | 0.20 | 0.33 |
| 05-Sep-25 | 0.50 | 1.62 | 0.44 | 0.71 |
| 08-Sep-25 | 0.50 | 1.87 | 0.85 | 0.97 |
| 09-Sep-25 | 0.50 | 2.76 | 0.98 | 1.23 |
Last Updated: 09 September 2025 6:40 PM by 5paisa
Vigor Plast Company Limited, launching a ₹25.10 Cr IPO, based in Dared, Gujarat, manufactures and supplies CPVC and UPVC pipes and fittings for plumbing, sewage, agriculture, and industrial use. With fully automated facilities, five warehouses across Gujarat, and a network of 440 distributors in 25 states, the company ensures reliable distribution. Its extensive range includes CPVC, UPVC, SWR, and PVC pipes, fittings, and accessories, supported by flexible credit terms and the “Vigor India Plast” ordering app.
Established in: 2012
Managing Director: Jayesh Premjibhai Kathiriya
Peers
● Captain Pipes Ltd
● Dutron Polymers Ltd
● Rex Pipes & cables Industries Ltd
Vigor Plast India Objectives
● The company will repay secured borrowings of ₹11.39 crores.
● It will fund warehouse construction in Ahmedabad with ₹3.80 crores.
● The remaining funds will be used for general corporate purposes.
Vigor Plast IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹25.10 Cr |
| Offer For Sale | ₹4.86 Cr |
| Fresh Issue | ₹18.99 Cr |
Vigor Plast IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,46,400 |
| Retail (Max) | 2 | 3,200 | 2,46,400 |
| S-HNI (Min) | 3 | 4,800 | 3,69,600 |
| S-HNI (Max) | 7 | 11,200 | 8,62,400 |
| B-HNI (Min) | 8 | 12,800 | 9,85,600 |
Vigor Plast IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 3.94 | 5,90,400 | 23,24,800 | 18.831 |
| NII (HNI) | 7.03 | 4,46,400 | 31,37,600 | 25.415 |
| Individual Investors (IND category bidding for 2 Lots) | 2.49 | 10,33,600 | 25,69,600 | 20.814 |
| Total** | 3.88 | 20,70,400 | 80,32,000 | 65.059 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 37.28 | 42.48 | 45.58 |
| EBITDA | 3.08 | 7.55 | 2.08 |
| PAT | 0.29 | 2.93 | 5.15 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 20.09 | 35.89 | 40.51 |
| Share Capital | 0.50 | 0.50 | 7.85 |
| Total Borrowing | 11.29 | 21.57 | 17.72 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 4.65 | 1.97 | 14.57 |
| Net Cash Generated From / (used in) investing activities | -2.16 | -11.49 | -12.11 |
| Net Cash Generated From / (used in) financing activities | -2.27 | 9.29 | -2.46 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.22 | -0.23 | 0.00 |
Strengths
1. Wide product range for multiple sector applications.
2. Strong distribution network across 25 Indian states.
3. Automated facility ensuring consistent product quality standards.
4. Established warehouses for efficient regional supply management.
Weaknesses
1. High dependence on Gujarat-based manufacturing facility.
2. Limited international market presence and brand recognition.
3. Credit terms may impact cash flow efficiency.
4. Product portfolio largely focused on plastic pipes.
Opportunities
1. Rising demand for durable plumbing solutions in India.
2. Expansion into untapped domestic and export markets.
3. Increasing urbanisation driving infrastructure and housing growth.
4. Adoption of digital platforms for order management efficiency.
Threats
1. Fluctuating raw material prices affecting production costs.
2. Intense competition from regional and national players.
3. Regulatory changes impacting plastic usage and standards.
4. Economic slowdown could reduce infrastructure project demand.
1. Strong market presence with 440 distributors nationwide.
2. Diversified product portfolio serving multiple key sectors.
3. Automated facilities ensuring consistent quality and efficiency.
4. Growth opportunities driven by rising infrastructure demand.
The Indian plastic piping industry is witnessing steady growth, driven by rising urbanisation, infrastructure development, and increasing demand for efficient water management solutions. Vigor Plast, with its diverse product range, extensive distribution network, and modern automated facilities, is well-positioned to capture this expanding market. Its strategic presence in agriculture, plumbing, and industrial segments provides sustainable growth opportunities, while digital innovations enhance operational efficiency and customer accessibility across regions.
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FAQs
Vigor Plast IPO opens from September 4, 2025 to September 9, 2025.
The size of Vigor Plast IPO is ₹25.10 Cr.
The price band of Vigor Plast IPO is fixed at ₹77 to ₹81 per share.
To apply for Vigor Plast IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Vigor Plast IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Vigor Plast IPO is of 2 lots consisting of 3,200 shares and the investment required is ₹2,59,200.
The share allotment date of Vigor Plast IPO is September 10, 2025
The Vigor Plast IPO will likely be listed on September 12, 2025.
Unistone Capital Pvt.Ltd is the book running lead manager for Vigor Plast IPO.
Vigor Plast plans to utilise the raised capital from the IPO for:
● The company will repay secured borrowings of ₹11.39 crores.
● It will fund warehouse construction in Ahmedabad with ₹3.80 crores.
● The remaining funds will be used for general corporate purposes.
Vigor Plast India Contact Details
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/
Vigor Plast India IPO Register
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vpil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Vigor Plast India IPO Lead Manager
Unistone Capital Pvt.Ltd.