Vigor Plast IPO Date, Review, Price, Allotment Details

Posted on: 01 Sep 2025

The Vigor Plast IPO will open on September 4, 2025, and close on September 9, 2025. It is a Book Built Issue through which the company plans to raise around ₹25.10 crores. The issue consists of a fresh issue of ₹18.99 crores along with an offer for sale of up to 6,00,000 equity shares with a face value of ₹10 each.

The price band has been fixed at ₹77 to ₹81 per share. The IPO allocation includes 50% for QIBs, 15% for HNIs, and 35% for retail investors. The shares are proposed to be listed on the NSE in 2025, with the allotment date to be finalized in 2025.

On the financial side, the company reported revenue of ₹46.02 crores in FY 2025, compared to ₹42.52 crores in FY 2024. Net profit also increased significantly, reaching ₹5.15 crores in FY 2025 against ₹2.93 crores in FY 2024. Based on this performance, experts believe the IPO could be a favorable option for long-term investors.

Vigor Plast IPO Details

IPO Open Date:
September 4, 2025
IPO Close Date:
September 9, 2025
Face Value:
₹10 Per Equity Share
IPO Price Band:
₹77 to ₹81 Per Share
Issue Size:
Approx ₹25.10 Crores
Fresh Issue:
Approx ₹18.99 Crores
Offer for Sale:
Approx 6,00,000 Equity Shares
Lot Size:
1,600 Shares
Issue Type:
Book Built Issue
IPO Listing:
NSE SME
Retail Quota:
Not more than 35%
QIB Quota:
Not more than 50%
NII Quota:
Not more than 15%
DRHP Draft Prospectus:
RHP Draft Prospectus:

Vigor Plast IPO Market Lot

The Vigor Plast IPO minimum market lot is 3,200 shares with ₹2,59,200 application amount.

Application
Lot Size
Shares
Amount
Retail Minimum
2
3,200
₹2,59,200
Retail Maximum
2
3,200
₹2,59,200
S-HNI Minimum
3
4,800
₹3,88,800
S-HNI Maximum
8
11,200
₹9,07,200
B-HNI Minimum
9
12,800
₹10,36,800

Vigor Plast IPO Dates

The Vigor Plast IPO date is September 4 and the close date is September 9. The Vigor Plast IPO allotment will be finalized on September 10, and the IPO listing will be on September 12.

IPO Open Date:
September 4, 2025
IPO Close Date:
September 9, 2025
Basis of Allotment:
September 10, 2025
Refunds:
September 11, 2025
Credit to Demat Account:
September 11, 2025
IPO Listing Date:
September 12, 2025

Promoters of Vigor Plast IPO

The promoters of Vigor Plast Limited are Mr. Jayesh Premjibhai Kathiriya, Mr. Rajesh Premjibhai Kathiriya, Mr. Premjibhai Dayabhai Kathiria, Mrs. Jashvantiben Rajeshbhai Kathiriya, and Mrs. Nitaben Jayeshbhai Kathiriya.

About Vigor Plast IPO

Established in 2014, Vigor Plast initially gained recognition through its focus on PVC pipes and fittings trading. In 2020, the company expanded into manufacturing, setting up a facility to produce Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC), and Chlorinated Polyvinyl Chloride (CPVC) pipes, fittings, and related products.

The company has obtained multiple quality certifications from the Bureau of Indian Standards (BIS) for both its products and manufacturing processes. To strengthen its market presence, Vigor Plast has built five warehouses across four strategic locations in Gujarat—Rajkot, Jamnagar, Surat, and Ahmedabad.

Its products are marketed under the brand name “Vigor”, which has helped boost brand visibility and awareness. As of December 31, 2024, the company operated through a strong sales network comprising 387 distributors spread across 25 states and union territories in India.

Vigor Plast IPO Company Financial Report

The company reported revenue of ₹42.52 crores in 2024 against ₹37.39 crores in 2023. The company reported a profit of ₹2.93 crores in 2024 against a profit of ₹0.30 crores in 2023.

Amount in Crores (₹)

Period Ended
Revenue
Expense
Profit After Tax
Assets
2023
₹37.39
₹37.04
₹0.30
₹20.09
2024
₹42.52
₹38.39
₹2.93
₹35.89
2025
₹46.02
₹39.16
₹5.15
₹40.51

Vigor Plast IPO Valuation – FY2025

Check Vigor Plast IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPI
Values
ROE:
59.39%
ROCE:
28.24%
EBITDA Margin:
26.51%
PAT Margin:
11.30%
Debt-to-equity ratio:
1.39
Earning Per Share (EPS):
₹6.57 (Basic)
Price/Earnings Ratio:
N/A
Return on Net Worth (RoNW):
59.39%
Net Asset Value (NAV):
₹16.2

Peer Group Comparison

Company
EPS
PE Ratio
RoNW %
NAV
Income
Captain Pipes Limited
0.27
54.23
17.43%
1.73
76.35 Cr.
Dutron Polymers Limited
4.08
28.69
9.54%
44.05
119.24 Cr.
Rex Pipes and Cables Industries Limited
5.02
12.74
17.46%
33.23
128.61 Cr.

Objects of the Issue

  • Repayment of certain secured borrowings availed by the Company
  • Funding capital expenditure towards the development and construction of a new warehouse in Ahmedabad, Gujarat
  • General corporate purposes

Vigor Plast IPO Registrar

KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: vpil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

IPO Lead Managers aka Merchant Bankers

  • Unistone Capital Pvt Ltd

Company Address

Vigor Plast India Ltd.
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/

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