Vigor Plast SME IPO

Vigor Plast India manufactures and supplies PVC, uPVC, and CPVC plumbing, irrigation, and SWR pipes and fittings. Based in Jamnagar, Gujarat since 2014, it operates a 160,000 sq ft facility with BIS-certified products, a well-equipped lab, and a pan-India distribution network including five warehouses.

Vigor Plast IPO

PVC Pipes & Fittings Manufacturing Company

UPCOMING IPO
IPO Date
04th – 09th Sep 2025
Listing Date
12 Sep 2025
Price Range
₹77 – ₹81
Lot Size
1600 shares
₹129,600 (Retail)
Issue Size
₹25.10 Crores
📅 IPO Schedule
Event Date
Issue Open Date04 Sep 2025
Issue Close Date09 Sep 2025
UPI Mandate Deadline09 Sep 2025 (5 PM)
Allotment Finalization10 Sep 2025
Refund Initiation11 Sep 2025
Share Credit11 Sep 2025
Listing Date12 Sep 2025
Mandate End Date24 Sep 2025
Lock-in End Date (50% Anchor)10 Oct 2025
Lock-in End Date (Remaining Anchor)09 Dec 2025
🏢 About Vigor Plast

Vigor Plast India manufactures and supplies PVC, uPVC, and CPVC plumbing, irrigation, and SWR pipes and fittings. Based in Jamnagar, Gujarat since 2014, it operates a 160,000 sq ft facility with BIS-certified products, a well-equipped lab, and a pan-India distribution network including five warehouses.

The company has established itself as a reliable manufacturer in the plastic pipes and fittings industry, serving diverse applications including plumbing, irrigation, and sewerage systems. With its modern manufacturing facility and quality certifications, Vigor Plast caters to both residential and commercial construction markets across India.

💰 Financial Details

Issue Size Breakdown

Overall Issue ₹25.10 Crores
Fresh Issue ₹20.24 Crores
Offer for Sale ₹4.86 Crores

Fund Utilization

Repayment of Outstanding Borrowings
₹11.39 Cr (56.27%)
Capital Expenditure
₹3.80 Cr (18.77%)
General Corporate Purposes
₹3.04 Cr (15%)
Miscellaneous
₹2.02 Cr (9.96%)
💪 Company Strengths
  • Wide product range across PVC, uPVC, CPVC, and SWR lines catering to diverse market segments
  • Large 160,000 sq ft manufacturing plant with advanced laboratory facilities ensuring quality control
  • BIS-certified products ensure compliance and reliability meeting industry standards
  • Pan-India reach via distributors and five warehouses providing extensive market coverage
  • Strong recent financial performance with profit growth demonstrating business momentum
⚠️ Risk Factors
  • High leverage with significant debt-to-equity ratio may impact financial flexibility
  • Fresh manufacturers entering industry increase competition and market pressure
  • Price-sensitive markets pressure PVC margins affecting profitability
  • Dependence on raw material price volatility creates cost management challenges
  • Working-capital intensity may strain operating liquidity and cash flow management
📊 Subscription Status

IPO opens on September 4, 2025. Subscription data will be available once the issue opens.

Subscription Data Coming Soon

Live subscription figures will be updated once the IPO opens for bidding.

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