Vigor Plast India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,464,000 (47%) | — | ₹1,186 Cr |
| NII (HNI) | — | 446,400 (14%) | — | ₹362 Cr |
| Retail | — | 1,033,600 (33%) | — | ₹837 Cr |
| Market Maker | — | 155,200 (5%) | — | ₹13 Cr |
| Σ Total | — | 3,099,200 (100%) | — | ₹25,104 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹129,600 |
| Retail (Max) | 13 | 20,800 | ₹1,684,800 |
| S-HNI (Min) | 14 | 22,400 | ₹1,814,400 |
| B-HNI (Min) | 67 | 107,200 | ₹8,683,200 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 46 | 43 | 37 |
| EBITDA | 12 | 8 | 3 |
| Profit After Tax | 5 | 3 | 0 |
| Net Worth | 13 | 5 | 2 |
| Total Assets | 41 | 36 | 20 |
| Reserves & Surplus | 5 | 4 | 1 |
| Total Borrowing | 18 | 22 | 11 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment of certain secured borrowings availed by the Company – 11.39
- 2 Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat – 3.80
- 3 General corporate purposes – 3.03
Company Overview
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 Range
Vigor 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 Strengths
- A broad, versatile product lineup tailored to diverse applications
- Strong brand identity focused on quality and reliability
- A modern, strategically located manufacturing setup enabling efficiency in cost, production, and logistics
- Certification-backed quality (ISO and multiple IS/BIS standards).