Vigor Plast IPO Details
The key details of Vigor Plast India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹25.10 Cr |
| Price Range | ₹77 - ₹81 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 3,200 |
| Investment (cut-off price) | ₹2,59,200 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 70.05% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Vigor Plast IPO Timelines
The IPO process for Vigor Plast India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
04/09/2025
Start Date09/09/2025
End Date11/09/2025
Refund Initiation11/09/2025
Credit of Shares to Demat Ac12/09/2025
Listing DateVigor Plast IPO Lot Size
The Vigor Plast India IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹81 per share. For retail investors, the minimum and maximum application is 3,200 shares (2 lots) amounting to ₹2,59,200. For Small HNI (S-HNI) investors, the minimum application is 4,800 shares (3 lots) worth ₹3,88,800, while the maximum is 11,200 shares (7 lots) amounting to ₹9,07,200. Big HNI (B-HNI) investors need to apply for at least 12,800 shares (8 lots), totaling ₹10,36,800.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | ₹2,59,200 |
| Retail Maximum | 2 | 3200 | ₹2,59,200 |
| S-HNI Minimum | 3 | 4800 | ₹3,88,800 |
| S-HNI Maximum | 7 | 11200 | ₹9,07,200 |
| B-HNI Minimum | 8 | 12800 | ₹10,36,800 |
Vigor Plast IPO Subscription Status
The subscription status for Vigor Plast India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 0.50x | 3.38x | 1.16x | -- | 1.45x |
IPO Performance on Listing Day
On the listing day (September 12, 2025), Vigor Plast India made a positive debut on the stock exchange. The stock opened at ₹85, securing a premium of 4.9% over its issue price of ₹81. The plastics company gained further momentum during the trading session, reaching a day high of ₹89.25, while finding solid support at the opening price level of ₹85. The shares concluded their first trading day at ₹85.70, delivering a modest gain of 5.8% over the issue price, reflecting steady investor confidence in the plastics manufacturing sector and positive market response to this polymer solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹85.00 | ₹85.70 | ₹89.25 | ₹85.00 |
Vigor Plast IPO Company Financials
Vigor Plast India reports robust performance in FY2025 with Total Income of ₹46.02 crores, managing expenses at ₹39.16 crores, and achieving a strong PAT (Profit After Tax) of ₹5.15 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹37.39 | ₹37.04 | ₹0.30 |
| FY 2024 | ₹42.52 | ₹38.39 | ₹2.93 |
| FY 2025 | ₹46.02 | ₹39.16 | ₹5.15 |
About Company
Incorporated in 2012, Vigor Plast India Limited is a manufacturer and supplier of CPVC and UPVC pipes and fittings, serving a wide range of applications in plumbing, sewage, agriculture, and industrial sectors. The company offers an extensive product portfolio that includes CPVC and UPVC plumbing pipes and fittings, SWR Ring Fit and Self Fit pipes, and PVC agricultural pipes. Its fittings and accessories range covers CPVC and UPVC fittings, agricultural fittings, SWR fittings, PTMT taps, and garden pipes. Vigor operates a fully automated manufacturing facility and registered office in Dared, Gujarat, ensuring consistent quality and streamlined production processes.
To support efficient distribution, Vigor has established five warehouses across Gujarat in Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka. The company maintains a strong presence in the Indian market through a network of 440 distributors and dealers across 25 states and territories. It enhances customer convenience by offering flexible credit terms and using its Android-based app “Vigor India Plast” for seamless order placement. As of June 30, 2025, Vigor employs 81 professionals in departments such as management, procurement, marketing, production, quality control, sales, and human resources, excluding its Board members.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2012 | Plastic Products | Jayesh Kathiriya |
Know Before Investing
Vigor Plast IPO Strengths
- Vigor Plast manufactures CPVC and UPVC pipes and fittings catering to plumbing, irrigation, sewage, agricultural, and industrial sectors.
- The company operates a fully automated manufacturing facility in Gujarat, enabling scalable and consistent production quality.
- The company’s total income grew steadily, reaching ₹46.02 crore in FY25, reflecting steady demand and business expansion.
- With around 440 distributors and dealers across 25 Indian states, the company ensures wide market reach and strong penetration.
- Low debt levels combined with growing reserves and surplus provide a stable financial foundation for future growth initiatives.
Vigor Plast IPO Risks
- The company’s operations are concentrated in one facility, making it vulnerable to disruptions due to natural disasters, accidents, or other unforeseen events.
- Fluctuations in prices of key raw materials like polyvinyl chloride (PVC) and CPVC, linked to crude oil prices, can increase production costs and affect profitability.
- The plastic piping industry is competitive with many established and emerging players, which may pressure pricing and market share.
- The company’s operations involve significant working capital due to inventory and receivables, leading to liquidity management challenges.
- Revenue from a limited number of customers or sectors could impact business if those customers reduce orders or face sectoral downturns.
- Changes in regulations, subsidies, or policies affecting the plastics or construction sector may impact demand or cost structures.
- Mainly operating in certain Indian states may expose the company to regional economic or regulatory risks.
Swot Analysis for Vigor Plast IPO
Strengths
Strategic Manufacturing Facility, Strong Distribution Network, Customer-Centric Operations
Weaknesses
Geographic Concentration, Working Capital Intensity, Dependence on Raw Material Prices
Opportunities
Growing Domestic Demand, Export Market Growth, Brand Building and CSR Initiatives
Threats
Intense Industry Competition, Raw Material Price Fluctuations, Regulatory and Environmental Pressure
Company Details
Vigor Plast India Ltd.
Survey No. 640/3, Behind Gujarat Gas CNG Pump Godown Zone, Lalpur Road, Dared, Village: Chela, Jamnagar – 361 006, Gujarat, India
Phone: 0288-2730912
Email: info@vigorplastindia.com
Website: https://www.vigorplastindia.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vpil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Vigor Plast SME IPO are:
- Repayment of certain secured borrowings availed by the Company
- Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat
- General corporate purposes
Unistone Capital Pvt. Ltd. is the book-running lead managers for the Vigor Plast IPO.
With revenue growing from ₹37.39 crore in FY23 to ₹46.02 crore in FY25 and a strong network of 440 distributors across 25 states supported by five warehouses in Gujarat, the company demonstrates solid scalability and growth potential while navigating competition and raw material cost challenges.
The issue price for the Vigor Plast IPO is set between ₹77 to ₹81 per share.
To invest in two lot of Vigor Plast IPO, you need ₹2,46,400 at the lower price band (₹77 per share) or ₹2,59,200 at the upper price band (₹81 per share) for a lot size of 3200 shares.
Vigor Plast IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on September 12, 2025.
Refund/unblocking of funds for Vigor Plast IPO will begin on September 11, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Vigor Plast IPO shares on listing day (September 12, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.