Vigor Plast India Limited IPO

Vigor Plast India Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹77 - ₹81

Total Issue

₹25.10 Cr

Bid Dates

04 Sep - 09 Sep

Subscription

3.96x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Vibhor Plast is engaged in the manufacturing and supply of a wide range of Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC) and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings and allied products catering to applications in plumbing, irrigation and SWR (Soil, Waste and Rainwater) management. Serving both rural and urban markets, the Company provides durable and corrosion-resistant solutions for water distribution, wastewater management and drainage. Its products are widely used across residential, commercial, agricultural and industrial sectors.

Lot Info

Lot Information for Vigor Plast IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,59,200
Individual (Max) 2 3,200 ₹2,59,200
S-HNI (Min) 3 4,800 ₹3,88,800
S-HNI (Max) 7 11,200 ₹9,07,200
B-HNI (Min) 8 12,800 ₹10,36,800
Market Maker
155200 EQ Shares
Employee
-
Shareholder
-

Issue Size

Total ₹25.10 Cr
Fresh Issue
₹20.24 Cr (0.25 Cr Shares)
Offer For Sale
₹4.86 Cr (0.06 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹81
Est. Gain 0.00%

Vigor Plast IPO Peer Comparison

(Rs. in crores)

Vigor Plast IPO Peer Comparison Table
Particulars Vigor Plast Captain Pipes Dutron Polymers Rex Pipes & cables
Revenue from Ops (in Crs.) 45.58 76.75 104.03 138.34
PAT (In Crs.) 5.15 8.76 2.72 5.12
EPS - Basic 6.57 0.59 4.54 5.42
NAV per share 16.30 2.97 48.58 38.64
RONW 59.39% 25.18% 9.80% 15.09%
EBITDA 26.51% 16.13% 4.49% 8.09%
PAT Margin 11.30% 11.41% 2.62% 3.70%
Price to earning (PE) 12.33 27.27 30.25 24.49
Debt to Equity 1.39 0.36 0.16 24.49
  1. All information pertains to FY 2024-25.
  2. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Vigor Plast IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 45.58 42.48 37.28
Profit after Tax 5.15 2.93 0.30
Net Worth 12.78 4.57 1.64
Total Borrowing 17.72 21.57 11.29
Total Assets 40.51 35.89 20.09
NAV per share (in ₹) 16.27 5.83 2.09
EPS - Basic (in ₹) 6.57 3.74 0.38

KPIs

EBITDA

26.51%

PAT

11.30%

ROE

59.39%

ROCE

28.24%

Debt to Equity

1.39

PE Ratio

12.33

PB Ratio

4.98

Mkt Cap (in Crs.)

83.85

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

99.99%

Public

0.01%

Premjibhai Dayabhai Kathiriya 29.15%
Jayesh Premjibhai Kathiriya 29.87%
Rajeshbhai Kathiriya 29.34%
Others 11.63%

Management

Premjibhai Dayabhai Kathiriya Chairman & MD
Pintu Tulsibhai Jadav CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Unistone Capital Unistone Capital

Subscription Status

Updated as on 09-Sep-2025 19:00:07 hrs

Category Sub (x) Offered Bids
QIB 3.94x 5,90,400 23,24,800
NII 7.03x 4,46,400 31,37,600
bHNI 9.00x 2,97,600 26,78,400
sHNI 3.09x 1,48,800 4,59,200
Individual Investor 2.49x 10,33,600 25,72,800
Total 3.88x 20,70,400 80,35,200

Frequently Asked Questions

What is Vigor Plast IPO?
Vigor Plast IPO is a SME IPO having an issue size of ₹25.10 Crs. Vigor Plast IPO is priced at ₹77 - ₹81 per share. The issue opens on 04 Sep 25 and closes on 09 Sep 25.
When will Vigor Plast IPO open?
Vigor Plast IPO opens on 04 Sep 25 and closes on 09 Sep 25.
What is the GMP of Vigor Plast IPO?
The estimated Grey Market Premium of Vigor Plast IPO is ₹0 per share (0.00%).
What is the lot size of Vigor Plast IPO?
The minimum lot size of Vigor Plast IPO is 1600 shares & the minimum application amount is Rs. 129600.
When is the allotment of Vigor Plast IPO?
The allotment date of Vigor Plast IPO is 10 Sep 25.
What is the listing date of Vigor Plast IPO?
The listing date of Vigor Plast IPO is 12 Sep 25.
What is the subscription of Vigor Plast IPO?
Vigor Plast IPO is subscribed 3.96 times.
What is the price band of Vigor Plast IPO?
Vigor Plast IPO is priced at ₹77 - ₹81 per share.
How to check allotment status of Vigor Plast IPO?
Click the allotment link on Vigor Plast IPO page of IPO360.
How to apply Vigor Plast IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Vigor Plast IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Vigor Plast IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Vigor Plast IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date