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Vigor Plast India Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹81
Per Share
GMP
NIL
Grey Market
Est. Listing
₹81
Expected Price
Min. Application
₹259,200
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹81 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size30,99,200 shares (aggregating up to ₹25.10 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 04 Sep 2025
Subscription CloseTue, 09 Sep 2025
Anchor AllotmentWed, 03 Sep 2025
Basis of AllotmentWed, 10 Sep 2025
Initiation of RefundsThu, 11 Sep 2025
Credit of Shares to DematThu, 11 Sep 2025
Listing DateFri, 12 Sep 2025
UPI Mandate Deadline2025-09-09
Application & Investment Details
Retail — Min (2 Lots)₹2,59,200 — 3200 shares
Retail — Max (13 Lots)₹1,684,800 (13 Lots)
HNI — Min (3 Lots)₹3,88,800 — 4800 shares
EPS (Pre-IPO)₹6.56
EPS (Post-IPO)₹4.98
P/E Ratio (Pre-IPO)12.35x
P/E Ratio (Post-IPO)16.28x
Net Offer to Public29,44,000 shares (aggregating up to ₹23.85 Cr)
Reserved for Market Maker1,55,200 shares (aggregating up to ₹1.26 Cr)
Pre-IPO Promoter Holding78,52,500 shares
Post-IPO Promoter Holding1,03,51,700 shares
Fresh Issue Shares23,44,000 shares (aggregating up to ₹18.99 Cr)
Offer for Sale Shares6,00,000 shares of ₹10 (aggregating up to ₹4.86 Cr)
About Vigor Plast India Ltd.

Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supplying of CPVC and UPVC pipes and fittings.The company offers a comprehensive range of products, including CPVC and UPVC plumbing pipes and fittings, SWR pipes, and PVC agricultural pipes. These products are designed for use in various applications, including plumbing, sewage, agriculture, and industrial sectors.The company’s manufacturing facility and registered office in Dared, Gujarat, utilise fully automated equipment to ensure consistent, high-quality production while streamlining operations and maintaining close oversight.The company has established five warehouses in Gujarat, located in Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka.Product RangeVigor offers a comprehensive selection of piping solutions for various applications:Pipes: CPVC, uPVC plumbing pipes, SWR Ring Fit & SWR Self Fit pipes, and PVC agricultural pipes.Fittings and Accessories: A full spectrum of CPVC and uPVC fittings, agricultural fittings (Sel Fit), SWR Ring Fit and Self Fit fittings, plus ancillary products such as PTMT taps and garden pipes.Vigor maintains a network of 440 distributors and dealers across 25 Indian states and territories (as of March 31, 2025), offering flexible credit terms and leveraging an Android-based “Vigor India Plast” app for seamless order placement.As of June 30, 2025, the company has 81 personnel, excluding Board members, engaged in Management, Purchase, Procurement, Marketing, Production, Quality Control, Packing, Dispatch, Sales, and Human Resources.Competitive StrengthsA broad, versatile product lineup tailored to diverse applicationsStrong brand identity focused on quality and reliabilityA modern, strategically located manufacturing setup enabling efficiency in cost, production, and logisticsCertification-backed quality (ISO and multiple IS/BIS standards).

Objects of the Issue

Vigor Plast India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Repayment of certain secured borrowings availed by the Company
11.39
2
2 Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat
3.80
3
3 General corporate purposes
3.03
Shareholding & Lock-in
Pre-IPO Promoter Holding 78,52,500 shares
Post-IPO Promoter Holding 1,03,51,700 shares
Check AllotmentCheck Status →
Vigor Plast India Ltd. — Live Price LIVE
₹81.00
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Issue ₹81.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹81
GMPNIL
Est. Listing₹81
Lot Size1,600 shares
Min Amount₹259,200
Listing Date12 Sep 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹81
Listing Date12 Sep 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 155,200 ₹1.26 Cr
TOTAL 3,099,200 100.00% ₹25.10 Cr
* Based on ₹81.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹81.00
Per Share
Min Investment
₹129,600
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹129,600
Retail (Max) 13 20,800 ₹1,684,800
sNII (Min) 14 22,400 ₹1,814,400
bNII (Min) 68 108,800 ₹8,812,800
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 46.02 42.52 37.39
EBITDA 12.08 7.55 3.08
Profit After Tax (PAT) 5.15 2.93 0.30
Net Worth 12.78 4.57 1.64
Total Assets 40.51 35.89 20.09
Reserves & Surplus 4.93 4.07 1.14
Total Borrowings 17.72 21.57 11.29
Key Ratios & Valuation
Issue Price ₹81
Face Value ₹10 Per Share
P/BV 4.97
RoE 59.39%
RoCE 28.24%
RoNW 59.39%
PAT Margin (%) 11.30%
EBITDA Margin (%) 26.51%
Debt / Equity 1.39
Company Details
Company
Vigor Plast India Ltd.
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Survey No. 640/3, Behind Gujarat Gas CNG Pump Godown Zone, Lalpur Road, Dared, Village: Chela, Jamnagar, Gujarat, 361006
Book Running Lead Managers
Unistone Capital Pvt.Ltd.
Book Running Lead Manager (BRLM)