Vigor Plast IPO
Vigor Plast IPO
Overview
Vigor Plast IPO is a book build issue of ₹25.10 crores. The issue is a combination of fresh issue of 0.25 crore shares aggregating to ₹20.24 crores and offer for sale of 0.06 crore shares aggregating to ₹4.86 crores. Vigor Plast IPO opens for subscription on Sep 4, 2025 and closes on Sep 9, 2025. The allotment for the Vigor Plast IPO is expected to be finalized on Sep 10, 2025. Vigor Plast IPO will list on NSE SME with a tentative listing date fixed as Sep 12, 2025. Vigor Plast IPO price band is set at ₹77.00 to ₹81.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹3,88,800. Unistone Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Total Shares
30,99,200
Issue Size
₹25.10 Cr
Price Band
₹75 – ₹81
Lot Size
1600 shares
Min. Investment
₹2,59,200
Max. Investment
₹2,59,200
Open Date
04 Sep, 2025
Close Date
09 Sep, 2025
Allotment
10 Sep, 2025
Listing
12 Sep, 2025
Max. Investment
₹2,59,200
Announced
04 Sep, 2025
Opening Date
04 Sep, 2025
Closing Date
09 Sep, 2025
Basis of Allotment
10 Sep, 2025
Initiation of Refunds
11 Sep, 2025
Credit of Shares
11 Sep, 2025
Listing Date
12 Sep, 2025
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About Vigor Plast IPO
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, util
Vigor Plast IPO Share Price
Issue Breakdown
Shareholding
Dilution: 31.8% increase in shares
Vigor Plast IPO Promoters Holding
Vigor Plast IPO Financial Health
Vigor Plast India Ltd.'s revenue increased by 8% and profit after tax (PAT) rose by 76% between the financial year ending with March 31, 2025 and March 31, 2024.
Vigor Plast 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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 4800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 11200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 12800 | ₹10,36,800 |
(All values in CR)
Vigor Plast IPO Valuations
The market capitalization of Vigor Plast IPO is ₹83.85 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Vigor Plast IPO Strength & Risk
Vigor Plast IPO Strength:
Established business track record since 2014.
Strong promoter experience and industry knowledge.
Wide product portfolio – PVC, uPVC, cPVC pipes and fittings.
Steady revenue and profit growth in recent years.
High financial performance – strong ROE and ROCE.
Significant reduction in debt-to-equity ratio.
Established supplier and distributor relationships.
Vigor Plast IPO Risk:
High dependence on top customers and suppliers.
Single manufacturing facility and concentrated operations in Gujarat.
Dependence on sister concern \Vigor Polytech\ for revenues.
Exposure to raw material price fluctuations.
Vulnerability to logistics, warehouse, and machinery breakdown risks.
Weaknesses in internal control and operational systems.
IPO proceeds largely for debt repayment; limited growth allocation.
Promoters’ personal guarantees linked to company borrowings.
Vigor Plast IPO Subscriptions Status
Vigor Plast IPO subscribed 0.97 times. The public issue subscribed 0.84 times in the individual investors category, 0.50 times in QIB (Ex Anchor), and 1.87 times in the NII category by September 8, 2025 5:05:01 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 8,73,600 | 8,73,600 | 7.076 |
| Market Maker | 1.00 | 1,55,200 | 1,55,200 | 1.257 |
| QIB (Ex Anchor) | 0.50 | 5,90,400 | 2,97,600 | 2.411 |
| Non-Institutional Buyers | 1.87 | 4,46,400 | 8,35,200 | 6.765 |
| bNII (bids above ₹10L) | 2.24 | 2,97,600 | 6,65,600 | 5.391 |
| sNII (bids below ₹10L) | 1.14 | 1,48,800 | 1,69,600 | 1.374 |
| Individual Investors (IND category bidding for 2 Lots) | 0.84 | 10,33,600 | 8,67,200 | 7.024 |
| Total | 0.97 | 20,70,400 | 20,00,000 | 16.2 |
Vigor Plast IPO GMP
Vigor Plast SME IPO last GMP is ₹0, last updated Sep 8th 2025 03:56 PM. With the price band of 81.00, Vigor Plast SME IPO's estimated listing price is ₹81 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 08 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 08 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 08 Sep, 2025 |
| 07 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 07 Sep, 2025 |
| 06 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 06 Sep, 2025 |
| 05 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 05 Sep, 2025 |
| 04 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 04 Sep, 2025 |
| 03 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 03 Sep, 2025 |
| 02 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 02 Sep, 2025 |
| 01 Sep, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 01 Sep, 2025 |
| 31 Aug, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 31 Aug, 2025 |
| 30 Aug, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 30 Aug, 2025 |
| 29 Aug, 2025 | 81 | ₹0 | - | ₹81 (0.00%) | - | 29 Aug, 2025 |
| 28 Aug, 2025 | 81 | ₹0 | - | ₹ (%) | - | 28 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Vigor Plast IPO
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Go to IPO Section
Find Vigor Plast IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.