Vigor Plast IPO description – Incorporated in 2014, Vigor Plast India initially focused on trading PVC pipes and fittings. Starting in 2020, the company expanded its operations by establishing a manufacturing facility to produce Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC), and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products. Vigor Plast India is now a manufacturer and supplier of a comprehensive range of PVC, uPVC, and cPVC pipes, fittings, and associated products for various applications, including plumbing, irrigation, and SWR (Soil, Waste, and Rainwater) management. The company caters to both rural and urban markets and provides long-lasting solutions for water distribution, wastewater management, and drainage.
Vigor Plast India markets its products under the registered brand name “VIGOR.” The company has established five warehouses in strategic locations across Gujarat, including Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka. As of 31 March 2025, its sales network comprises 440 distributors and dealers operating in 25 states and union territories.
Promoters of Vigor Plast India – Jayesh Premjibhai Kathiriya, Rajesh Premjibhai Kathiriya, Premjibhai Dayabhai Kathiria, Jashvantiben Rajeshbhai Kathiriya, and Nitaben Jayeshbhai Kathiriya
Table of Contents
Vigor Plast India IPO Details
| Vigor Plast IPO Dates | 4 – 9 September 2025 |
| Vigor Plast Issue Price | INR 77 – 81 per share |
| Fresh Issue | 24,99,200 shares (INR 19.24 – 20.24 crore) |
| Offer For Sale | 6,00,000 shares (INR 4.62 – 4.86 crore) |
| Total IPO Size | 30,99,200 shares (INR 23.86 – 25.10 crore) |
| Minimum Bid | 3,200 shares (INR 2,59,200) |
| Lot Size | 1,600 shares (INR 1,29,600) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
Vigor Plast Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 37.28 | 42.48 | 48.58 |
| Expenses | 37.04 | 38.39 | 39.16 |
| Net income | 0.30 | 2.93 | 5.15 |
Vigor Plast Offer News
- Vigor Plast RHP
- Vigor Plast Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Vigor Plast Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.38 | 3.74 | 6.57 |
| PE ratio | – | – | 11.72 – 12.33 |
| RONW (%) | 19.98 | 94.46 | 59.39 |
| NAV | 2.09 | 5.83 | 16.27 |
| ROCE (%) | 9.49 | 19.58 | 28.24 |
| EBITDA (%) | 8.26 | 17.78 | 26.51 |
| Debt/Equity | 6.90 | 4.72 | 1.39 |
Vigor Plast IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Vigor Plast IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 5,90,400 | 4,46,400 | 10,33,600 | 20,70,400 |
| 9 Sep 2025 | 3.94 | 7.38 | 2.49 | 3.95 |
| 8 Sep 2025 | 0.50 | 2.22 | 0.84 | 1.04 |
| 5 Sep 2025 | 0.50 | 1.96 | 0.43 | 0.78 |
| 4 Sep 2025 | 0.42 | 0.50 | 0.19 | 0.32 |
The market maker reservation portion of 1,55,200 shares and the anchor investor portion of 8,73,600 shares are not included in the above calculations.
Vigor Plast IPO Allotment Status
Vigor Plast IPO allotment status is now available on the KFin Tech website. Click on this link to get the allotment status.
Vigor Plast IPO Dates & Listing Performance
| IPO Opening Date | 4 September 2025 |
| IPO Closing Date | 9 September 2025 |
| Finalization of Basis of Allotment | 10 September 2025 |
| Initiation of refunds | 11 September 2025 |
| Transfer of shares to demat accounts | 11 September 2025 |
| IPO Listing Date | 12 September 2025 |
| Opening Price on NSE SME | INR 85 per share (up 4.94%) |
| Closing Price on NSE SME | INR 85.70 per share (up 5.80%) |
Vigor Plast Offer Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: 022 4604 6494
Email: [email protected]
Website: www.unistonecapital.com
Vigor Plast Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Vigor Plast Contact Details
VIGOR PLAST INDIA LIMITED
Survey No. 640/3, Behind Gujarat Gas CNG Pump
Godown Zone, Lalpur Road, Dared, Village:
Chela, Jamnagar – 361 006, Gujarat, India
Phone: 0288-2730912
E-mail: [email protected]
Website: www.vigorplastindia.com
IPO FAQs
What is the Vigor Plast offer size?
Vigor Plast’s offer size is INR 23.86 – 25.10 crores.
What is the Vigor Plast offer price band?
Vigor Plast’s public offer price is INR 77 – 81 per share.
What is the lot size of the Vigor Plast IPO?
Vigor Plast offer lot size is 1,600 shares.
What is Vigor Plast IPO GMP today?
Vigor Plast IPO GMP today is INR NA per share.
What is the Vigor Plast kostak rate today?
Vigor Plast kostak rate today is INR NA per application.
What is Vigor Plast IPO Subject to Sauda rate today?
Vigor Plast Subject to Sauda rate today is INR NA per application.