Vigor Plast India Limited
Bookbuilding IPO · NSE
- Price band
- ₹77 - ₹81
- Lot size
- 1,600 shares
- Issue amount
- ₹25.1 cr
- Total subscription
- 3.96×
- Opens
- 4 Sept 2025
- Closes
- 9 Sept 2025
- Allotment
- 10 Sept 2025
- Listing
- 12 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 30,99,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,23,200
- Fresh issue
- ₹20.24 cr
- Offer for sale
- ₹4.86 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,29,600
- Issue type
- Bookbuilding IPO
- Shares before issue
- 78,52,500
- Shares after issue
- 1,03,52,500
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,59,200 |
| sHNI | 3 | 4,800 | ₹3,88,800 |
| bHNI | 8 | 12,800 | ₹10,36,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 9 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 9 |
| NIB | 0 | 239 |
| RETAIL | 323 | 804 |
| HNIs(10L +) | 62 | 149 |
| HNIs (2-10L) | 31 | 90 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.78 | 18.83 |
| FIIs | 0 | 5.66 |
| Others | 0 | 13.17 |
| RETAIL | 8.37 | 20.84 |
| HNIs 2+ | 1.21 | 3.72 |
| HNIs 10+ | 2.41 | 22.95 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.57 | 3.74 | 0.38 |
| ROE | 59.39 | 94.46 | 19.98 |
| ROCE | 28.24 | 19.58 | 9.49 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.35 | 0 | 0 |
| POST IPO(PE) | 16.28 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Captain Pipes Limited | 27.27 | NA | 10 | 25.18 | 2.97 | 0.59 |
| Vigor Plast India Ltd | NA | NA | 10 | 59.39 | 16.30 | 6.57 |
| Dutron Polymers Ltd | 30.25 | NA | 10 | 9.80 | 48.58 | 4.54 |
| Rex Pipes & cables Industries Limited | 24.49 | NA | 10 | 15.09 | 38.64 | 5.42 |
Company information
Company profile
Vigor Plast India Limited, incorporated in 2012, is engaged in manufacturing and supplying CPVC and UPVC pipes and fittings, serving applications in plumbing, sewage, agriculture, and industrial sectors. Its product portfolio includes CPVC and UPVC pipes, agricultural pipes, SWR ring fit and self-fit pipes, along with a wide range of fittings such as CPVC, UPVC, agricultural, SWR fittings, PTMT taps, garden pipes, and related products. The company’s manufacturing facility and registered office are located in Dared, Gujarat, equipped with fully automated machinery to ensure quality and efficiency. It also has a warehousing network with five locations in Gujarat — Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka (yet to commence operations).
Strengths
- Comprehensive Product Range: Wide variety of pipes and fittings designed for plumbing, agriculture, sewage, and industrial applications.
- State-of-the-Art Manufacturing: Automated facility ensuring precision, consistency, and efficiency in production.
- Strong Distribution Reach: Extensive warehouse network across Gujarat enabling deep market penetration.
Risk factors
- Customer Concentration: Heavy reliance on top ten customers; loss of a key client may impact revenue and profitability.
- Supplier Dependency: Dependence on limited suppliers; any disruption could affect operations.
- Execution Uncertainty: Internally estimated warehouse project costs may vary, impacting growth, cash flow, and financials.
Promoters
Jayesh Premjibhai Kathiriya
Rajesh Premjibhai Kathiriya
Premjibhai Dayabhai Kathiria
Jashvantiben Rajeshbhai Kathiriya
Nitaben Jayeshbhai Kathiriya
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 640/3, Behind Gujarat Gas CNG Pump Godown Zone, Lalpur Road, Dared, Village: Chela, Jamnagar, Gujarat, 361006
0288-2730912
[email protected]Company website ↗Understanding VIGOR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.