VIGOR PLAST IPO
Key IPO Details at a Glance
| IPO Period | 04th – 09th Sep 2025 |
|---|---|
| Listing on | 12 Sep 2025 |
| Price Band | ₹77 – ₹81 |
| Lot Size & Minimum Investment | 1600 shares — ₹129600 |
| Total Issue Size | ₹25.10 crores |
Important Dates for VIGOR PLAST IPO Applicants
- Opening Date: 04 Sep 2025
- Closing Date: 09 Sep 2025
- UPI Payment Deadline: 09 Sep 2025 (5 PM)
- Allotment Announcement: 10 Sep 2025
- Refund Processing: 11 Sep 2025
- Demat Credit: 11 Sep 2025
- Stock Market Listing: 12 Sep 2025
- Mandate Validity End: 24 Sep 2025
- Anchor Investor Lock-in Release (50%): 10 Oct 2025
- Anchor Investor Lock-in Release (Remaining): 09 Dec 2025
*Dates may be revised as per official updates.
Exploring VIGOR PLAST: A Business Overview
Founded in 2014, VIGOR PLAST India operates robustly in the manufacturing and supply of a diverse range of piping solutions. Specializing in PVC, uPVC, and CPVC plumbing, irrigation, and SWR pipes and fittings, the company has carved a significant niche in the industry. Headquartered in Jamnagar, Gujarat, VIGOR PLAST boasts a sprawling 160,000 sq ft manufacturing facility. This state-of-the-art plant is equipped with advanced laboratory facilities, ensuring the production of high-quality, BIS-certified products that meet stringent industry standards. The company’s commitment to quality and innovation has allowed it to build a formidable pan-India distribution network, supported by five strategically located warehouses, effectively catering to a wide array of target markets across the country.
VIGOR PLAST’s product portfolio is critical for various applications, including residential, commercial, and agricultural infrastructure. The reliance on durable and efficient piping systems makes the sector a cornerstone of national development. With its strong manufacturing capabilities and extensive reach, VIGOR PLAST is well-positioned within this essential segment, contributing significantly to modern construction and irrigation needs. The company’s focus on maintaining quality standards and expanding its market presence underscores its operational strengths and growth potential in a competitive landscape.
Understanding the IPO Issue Structure
| Total Funds Raised | ₹25.10 crores |
|---|---|
| Fresh Issue Component | ₹20.24 crores |
| Offer for Sale Component | ₹4.86 crores |
The VIGOR PLAST IPO aims to raise a total of ₹25.10 crores through its public offering. This aggregate amount is comprised of two distinct parts: a Fresh Issue component totaling ₹20.24 crores and an Offer for Sale (OFS) component amounting to ₹4.86 crores. The Fresh Issue signifies new shares being issued by the company, with the proceeds directly flowing into VIGOR PLAST for its business operations and expansion plans. On the other hand, the Offer for Sale involves existing shareholders selling a portion of their holdings, and the proceeds from this segment go to those selling shareholders.
This dual structure allows the company to infuse fresh capital for growth while also providing an exit opportunity or liquidity for existing investors. From a financial perspective, VIGOR PLAST has demonstrated strong recent financial performance, characterized by consistent profit growth. This upward trajectory in profitability reflects the company’s operational efficiency and effective market penetration, instilling confidence among potential investors regarding its fundamental health and future prospects. The capital raised through this IPO is strategically vital for supporting VIGOR PLAST’s continued expansion and strengthening its market position.
Purpose of the Public Offering
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Repayment of certain outstanding borrowings | 11.39 | 56.27% |
| Capital expenditure | 3.80 | 18.77% |
| General corporate purposes | 3.04 | 15% |
| Miscellaneous | 2.02 | 9.96% |
The funds garnered from the VIGOR PLAST IPO are earmarked for several strategic initiatives aimed at bolstering the company’s financial health and operational capabilities. A significant portion, 56.27% of the fresh issue proceeds, equivalent to ₹11.39 crores, will be utilized for the repayment of certain outstanding borrowings. This move is expected to reduce the company’s financial leverage, thereby strengthening its balance sheet and potentially improving its credit profile. Lower debt obligations can free up cash flow for future growth opportunities and enhance overall financial stability.
Further, ₹3.80 crores, or 18.77%, is allocated towards capital expenditure. This investment is crucial for enhancing the company’s manufacturing infrastructure, upgrading technology, or expanding production capacity, which are vital for meeting growing demand and maintaining a competitive edge. A sum of ₹3.04 crores (15%) is designated for general corporate purposes, offering the company flexibility to address various operational needs, strategic investments, or unforeseen contingencies. Finally, ₹2.02 crores (9.96%) is set aside for miscellaneous purposes, providing additional operational flexibility. This strategic deployment of capital underscores VIGOR PLAST’s commitment to sustainable growth and long-term value creation for its stakeholders.
Distinctive Advantages of VIGOR PLAST
- Wide product range across PVC, uPVC, CPVC, SWR lines, catering to diverse customer needs.
- Possession of a large 160,000 sq ft plant equipped with advanced lab facilities, ensuring quality production.
- All products are BIS-certified, guaranteeing compliance with national standards and enhanced reliability.
- Extensive pan-India reach facilitated by a robust network of distributors and five strategically placed warehouses.
- Demonstrated strong recent financial performance, evidenced by consistent profit growth, reflecting operational efficiency.
Key Considerations and Risk Assessment
- The company exhibits high leverage, indicated by a significant debt-to-equity ratio, which could impact financial flexibility.
- Increased competition from new manufacturers entering the industry may put pressure on market share and pricing.
- Operations in price-sensitive markets for PVC products could lead to compressed margins and profitability challenges.
- Dependence on raw material price volatility poses a risk, as fluctuations can directly impact production costs and profitability.
- Working-capital intensity in the business may strain operating liquidity and require efficient cash flow management.
Live Subscription Status: VIGOR PLAST IPO
Subscription statistics based on the latest available information:
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 5.90 | 23.24 | 3.94 |
| Non-Institutional Investors (NII) | 4.46 | 31.37 | 7.03 |
| Retail Individual Investors (RII) | 10.33 | 25.69 | 2.49 |
| Total | 20.70 | 80.32 | 3.88 |
*GMP figures are unofficial and may vary; exchange data is more reliable.
Participating in the VIGOR PLAST IPO via Dhan Kirti
Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes. Ensure all necessary steps are completed well in advance of the closing date and UPI mandate deadline to secure your application.
