Vigor Plast India IPO
Vigor Plast India Limited
Minimum investment
Vigor Plast India IPO Details
Bidding date
04 Sep - 09 Sep 2025
Price range
₹77 - ₹81
Minimum quantity
3,200
Minimum investment
₹1,23,200
Issue size
₹25.1 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Vigor Plast India IPO Dates & Timeline
Vigor Plast India IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | - |
About Vigor Plast India IPO: Company Overview
Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supply of CPVC and UPVC pipes and fittings. The company offers a wide range of products including CPVC and UPVC plumbing pipes and fittings, SWR pipes, and PVC agricultural pipes catering to plumbing, sewage, agriculture, and industrial applications.
Vigor Plast operates a fully automated manufacturing facility and registered office located in Dared, Gujarat. The company has five strategically placed warehouses in Gujarat (Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka) to streamline distribution.
With a strong dealer and distributor network of over 440 partners across 25 Indian states and territories, Vigor Plast leverages technology through its Android-based “Vigor India Plast” app for seamless order placement. As of June 2025, the company employs 81 personnel across multiple departments including Production, Quality Control, Sales, and Human Resources.
Strengths & Risks of Vigor Plast India IPO
Diversified Product Portfolio: Vigor Plast offers a wide range of products across plumbing, agriculture, sewage, and industrial segments. This diversification reduces dependence on a single category and broadens the company’s market base.
Modern Manufacturing Facility: The company operates a fully automated manufacturing facility in Gujarat, ensuring high-quality standards, efficient production, and cost optimization.
Strong Distribution Network: With more than 440 distributors and dealers across 25 states, supported by a mobile-based ordering app, Vigor Plast enjoys a strong reach and technology-driven sales process.
Consistent Financial Growth: The company has demonstrated a proven track record of revenue and profit growth. Profit margins and return ratios have shown strong improvements in the last two years, supported by efficient cost management.
Promoter Commitment: The promoters will continue to hold a majority stake of 70.05% post-issue, reflecting strong confidence and long-term commitment to the business.
Raw Material Price Volatility: The business is highly dependent on PVC resins, whose prices fluctuate with crude oil. This can affect cost structures and profitability.
Working Capital Intensive Operations: The distribution-led business model requires significant working capital. Any strain in cash flow may impact operational efficiency.
Earnings Dilution Post-Issue: The post-issue earnings per share (EPS) are expected to decline from Rs. 6.56 to Rs. 4.98, resulting in a higher price-to-earnings (P/E) valuation for investors.
Leverage Concerns: The company’s debt-to-equity ratio currently stands at 1.39. Although IPO proceeds will reduce borrowings, leverage still remains a factor to monitor.
Vigor Plast India Financials: Revenue, Profit & EBITDA
N/A
How to Apply for Vigor Plast India IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Vigor Plast India IPO
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