Vigor Plast IPO: Review, Details, Date, Price, and Allotment
The SME (Small and Medium-sized Enterprise) segment of the Indian stock market continues to be a hotspot for new public offerings. Among the latest is the Vigor Plast India Limited IPO, a company specializing in the manufacturing of PVC pipes and fittings. This detailed blog post provides a comprehensive review of the IPO, covering its financials, key dates, pricing, Grey Market Premium (GMP), and other essential details to help you make an informed investment decision.
About Vigor Plast India Limited
Incorporated in 2012, Vigor Plast India Limited is an emerging player in the PVC, uPVC, and CPVC piping solutions sector. Initially starting as a trader, the company has successfully ventured into manufacturing a wide range of products for various applications, including plumbing, sewage, and agriculture. The company operates a fully automated manufacturing facility in Gujarat and has a strong distribution network with five warehouses across the state. It markets its products under the brand name "Vigor" and serves both rural and urban markets.
Vigor Plast IPO Details and Objectives
The Vigor Plast IPO is a book-built issue with a total size of ₹25.10 crore. The issue is a combination of a fresh issue of ₹20.24 crore and an Offer for Sale (OFS) of ₹4.86 crore. The proceeds from the fresh issue will be used for specific corporate objectives, while the OFS component will provide an exit opportunity for some of the promoter shareholders.
Objectives of the Issue
- Repayment of certain secured borrowings to reduce financial liabilities.
- Funding capital expenditure for the construction of a new warehouse in Ahmedabad.
- General corporate purposes to support overall business operations.
Vigor Plast IPO Date, Price, and Lot Size
Here are the key dates and pricing information for the IPO:
Key Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 4, 2025 |
| IPO Close Date | September 9, 2025 |
| Basis of Allotment Finalization | September 10, 2025 |
| Initiation of Refunds | September 11, 2025 |
| Credit of Shares to Demat Account | September 11, 2025 |
| IPO Listing Date | September 12, 2025 |
Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹77 to ₹81 per equity share |
| Minimum Lot Size (Retail) | 1,600 shares |
| Minimum Investment (Retail) | ₹1,29,600 (at the upper price band) |
Financial Performance and GMP
The company has shown a positive financial turnaround, particularly in its recent fiscal years. Its revenue and Profit After Tax (PAT) have seen a significant increase, demonstrating a sharp improvement in profitability. The company's PAT soared by 76% in the financial year ending March 2025. While the company's financial metrics look strong, it is operating in a highly competitive market, which could pose a risk to its sustainability in the long term.
The Grey Market Premium (GMP) for the Vigor Plast IPO has been fluctuating. It is a non-official indicator of the market's sentiment towards the IPO. Investors should note that while a positive GMP suggests potential listing gains, it is not a guaranteed metric and should not be the sole basis for an investment decision. It is always wise to consider the company's fundamentals and the overall market conditions.
Vigor Plast IPO Allotment Status
The allotment for the Vigor Plast IPO is expected to be finalized on September 10, 2025. You can check your allotment status on the website of the official registrar, Kfin Technologies Ltd., by using your PAN number or application number. The shares will be credited to the demat accounts of successful applicants on September 11, 2025, with the listing scheduled for September 12, 2025, on the NSE SME platform.
Vigor Plast IPO Subscription Status
As of September 5, 2025, the IPO has been subscribed approximately 0.72 times overall. The retail investor category has seen a subscription of 0.45 times, while the Non-Institutional Investors (NII) portion has been subscribed 1.62 times. The Qualified Institutional Buyers (QIB) category stands at 0.50 times subscription. This indicates moderate interest from retail investors but strong demand from HNIs.
Frequently Asked Questions (FAQs)
Vigor Plast India manufactures and supplies a comprehensive range of PVC, uPVC, and CPVC piping solutions for various applications, including plumbing, agriculture, and sewage.
The price band for the IPO is fixed at ₹77 to ₹81 per equity share.
You can check the allotment status on the registrar's website, Kfin Technologies Ltd., on or after September 10, 2025, using your PAN or application number.
A retail investor can apply for a minimum of one lot, which contains 1,600 shares, requiring a minimum investment of ₹1,29,600.
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