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IPO Analysis > vigor-plast-nse-sme

Vigor Plast India Ltd IPO - Issue Date ... 

Are You Ready for the Vigor Plast IPO?

One of the key sectors contributing to the economic growth of the country is the Indian Plastic Industry. The Government of India, therefore, targets to make this ₹3,00,000 crore industry into a ₹10,00,000 crore industry in four to five years. Amidst these trends, Vigor Plast India Private Limited is gearing up for its IPO.


Unistone Capital Private Limited is managing the Vigor Plast IPO, while Kfin Technologies Limited is the registrar. Check the allotment status.


Check out the Vigor Plast IPO DRHP and RHP for a more nuanced overview of the Vigor Plast IPO details.


Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Vigor Plast India Ltd IPO Details: Company Profile


Particulars

Description

Incorporation

2014

Promoters

Jayesh Premjibhai Kathiriya, Premjibhai Dayabhai Kathiriya, Nitaben Jayeshbhai Kathiriya and others

Product Materials

Polyvinyl Chloride (PVC), Chlorinated Polyvinyl Chloride (cPVC) and Unplasticized Polyvinyl Chloride (uPVC)

Products

Pipes, fittings and others used in irrigation, plumbing, etc.

Certifications

ISO 9001:2005, IS 14735:1999, IS 13592:2013, etc.

Warehouse locations

Jamnagar, Ahmedabad, Rajkot and Surat

Manufacturing center

Dared, Gujarat (Also the registered office)

Brand name

VIGOR

Competitor

Dutron Polymers Ltd, Captain Pipes Ltd and Rex Pipes & Cables Industries Ltd


Let us take a look at the revenue breakdown of the company by product vertical for FY 2024-25, before we look at the Vigor Plast share price and other IPO details.


Particulars

(%) of Revenue

Pipes

45.95

Fittings and Other Offerings

54.05


Exploring the Vigor Plast IPO Review

Let us now understand the key highlights of the Vigor Plast IPO, including the Vigor Plast allotment status, date, price range, GMP and much more.

  • Vigor Plast IPO Date


Event

Date

Opening

4 September 2025

Closing

9 September 2025

UPI mandate closes

9 September 2025 (5 PM)

Allotment

10 September 2025

Refunds

11 September 2025

Shares reach the demat account

11 September 2025

Listing

12 September 2025


Want to invest in your favourite company IPO? Start with a demat account from the top brokers in India.

  • Vigor Plast IPO Price and Size


Offer Type

Equity Shares

Value (₹ Cr)

Fresh Issue

24,99,200

20.24

Offer for Sale

6,00,000

4.86

Overall

30,99,200

25.10


  • Objectives of the offer


Requirement

Amount (₹ Lakhs)

Debt Repayment

1,139.30

New Warehouse in Ahmedabad

379.96

Other corporate needs

Undisclosed


  • Other takeaways


Particulars

Description

Face Value (₹)

10

Listing

NSE Emerge

Price Range (₹ per share)

77 to 81

Lot size (shares)

1600


  • Categorisation of different investors


Category

Allotment (%)

Minimum (₹)

QIB

Maximum 50%

2 Lakhs

NIB

Minimum 15%

2 Lakhs

RIB

Minimum 35%

2 Lakhs


Key Financials


Particulars

2025

2024

2023

Revenue From Operations (₹ Lakhs)

4,557.79

4,248.08

3,728.39

Total Revenue (₹ Lakhs)

4,601.81

4,251.80

3,738.65

EBITDA (₹ Lakhs)

1,208.48

755.26

307.87

EBITDA Margin (%)

26.51

17.78

8.26

PAT (₹ Lakhs)

515.06

292.91

29.87

Profit Margin (%)

11.30

6.90

0.80

RoE (%)

59.39

94.46

19.98

ROCE (%)

28.24

19.58

9.49

Debt to Equity

1.39

4.72

6.90

Interest Coverage Ratio

4.89

5.19

1.40

Current Ratio

0.63

0.74

0.53

Capital Turnover Ratio

1.49

1.63

2.88

Strengths and Risks

Let’s now explore the strengths and risks associated with the Vigor Plast IPO.


Strengths


  1. Wide range of product portfolio.

  2. Prominent branding led by experienced promoters and management.

  3. Strategic location of manufacturing units.

  4. Quality assurance through checks and certifications.


Risks


  1. All warehouses are located in Gujarat.

  2. The top 10 suppliers contributed 65.97% of raw material purchases in FY 2024-25.

  3. The use of plastic can attract certain disadvantages.

  4. Significant revenue from sister concern, Vigor Polytech, in 2024 and 2023.

Should You Choose the Vigor Plast IPO?

Currently, the Vigor Plast IPO GMP is at 0. However, the GMP might change soon. Stay updated with the latest GMP. Don’t forget to check the detailed Vigor Plast IPO analysis, along with their RHP and DRHP, before you decide to invest in any IPO.


Stay tuned with the live subscription status before hitting APPLY.

FAQs

1. How is the Vigor Plast IPO review?

Vigor Plast is operating in the key plastic pipes and fittings sector with key growth objectives. The company has its unique strengths and risks that should be considered before investing. For the latest sentiment, you can look for the GMP updates

2. What is the Vigor Plast IPO date?

The IPO opens for bidding on 4 Sept 2025 and closes on 9 Sept 2025. The UPI mandate closes at 5 PM on the closing date. Check out the live subscription data in real time.

3. What is the Vigor Plast IPO share price? 

The price range is set between ₹77 and ₹81 per share. The face value is at ₹10. Also, don't forget to check the Vigor Plast IPO live subscription status before applying. 

4. Should I use a demat account to bid for the Vigor Plast IPO?

Yes, a demat account is required to bid for the Vigor Plast IPO. Click here to get the ultimate list of the top demat account providers.

5. What is the Vigor Plast IPO GMP?

Currently, the IPO GMP is at 0. However, it might change soon. Click here to check the latest GMP status.
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