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Vigor Plast India Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹85.00 | +₹4.00 | +4.94% |
Vigor Plast India Subscription
Last updated on 09-Sep-2025 18:46:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 590400 | 2324800 | 3.94 |
| HNIs | 446400 | 3137600 | 7.03 |
| bHNI | 297600 | 2678400 | 9 |
| sHNI | 148800 | 459200 | 3.09 |
| Individual | 1033600 | 2572800 | 2.49 |
| Total | 2070400 | 8035200 | 3.88 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 62 | 149 | 2.4 |
| HNIs (3-10L) | 31 | 90 | 2.9 |
| Individual | 323 | 804 | 2.49 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 4.78 | 18.83 | 3.94 |
| FII | - | 5.66 | - |
| FI | - | 0 | - |
| IC | - | 0 | - |
| MF | - | 0 | - |
| OTH | - | 13.17 | - |
| HNIs | 3.62 | 25.41 | 7.03 |
| bHNI | 2.41 | 21.7 | 9 |
| sHNI | 1.21 | 3.72 | 3.09 |
| Individual | 8.37 | 20.84 | 2.49 |
| Total | 16.77 | 65.09 | 3.88 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.4 | @8% ₹0.5 | @9% ₹0.6 | @10% ₹0.6 | @11% ₹0.7 | @12% ₹0.7 |
Vigor Plast India Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 8 | 12800 | 1036800 | 62 |
Vigor Plast India Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 873600 | 28.19% |
| QIB | 590400 | 19.05% |
| HNI | 446400 | 14.4% |
| INDIVIDUAL | 1033600 | 33.35% |
| Market Maker | 155200 | 5.01% |
| Total | 3099200 | 100% |
Vigor Plast India About
IPO Details
| Total Issue Size | 30,99,200 shares (aggregating up to ₹25.10 Cr) |
| Fresh Issue | 24,99,200 shares (aggregating up to ₹20.24 Cr) |
| Offer for Sale | 6,00,000 shares (aggregating up to ₹4.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,52,500 shares |
| Share Holding Post Issue | 1,03,52,500 shares |
| Reserved For Market Maker | 1,55,200 shares (aggregating up to ₹1.26 Cr) |
| Market Maker | Alacrity Securities Ltd |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 59.39% | 94.46% | 19.98% |
| ROCE | 28.24% | 19.58% | 9.49% |
| EPS (basic) | 6.57 | 3.74 | 0.38 |
| P/E PRE IPO | 12.35 | ||
| P/E POST IPO | 16.28 |
Financial Details (In ₹Crores)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 40.51 | 35.89 | 20.09 |
| Total Income | 46.02 | 42.52 | 37.39 |
| Profit After Tax | 5.15 | 2.93 | 0.3 |
| EBITDA | 12.08 | 7.55 | 3.08 |
| Net Worth | 12.78 | 4.57 | 1.64 |
| Reserves and Surplus | 4.93 | 4.07 | 1.14 |
| Total Borrowing | 17.72 | 21.57 | 11.29 |
Peer Comparion (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Vigor Plast India Ltd | - | 10 |
| Captain Pipes Ltd | 27.27 | 10 |
| Dutron Polymers Ltd | 30.25 | 10 |
| Rex Pipes & cables Industries Ltd | 24.49 | 10 |
Peer Comparison (Financial Performance)
| Company | RoNW (%) | NAV/Share (₹) | EPS (Basic) (₹) |
|---|---|---|---|
| Vigor Plast India Ltd | 59.39% | 16.30 | 6.57 |
| Captain Pipes Ltd | 25.18% | 2.97 | 0.59 |
| Dutron Polymers Ltd | 9.80% | 48.58 | 4.54 |
| Rex Pipes & cables Industries Ltd | 15.09% | 38.64 | 5.42 |
About Company
Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supply of CPVC and UPVC pipes and fittings. The company caters to a wide range of applications across plumbing, sewage, agriculture, and industrial sectors.
Product Portfolio
The company offers a comprehensive product range comprising:
Pipes: CPVC Pipes, UPVC Pipes, Agricultural Pipes (Self Fit), SWR Ring Fit Pipes, SWR Self Fit Pipes.
Fittings & Ancillary Products: CPVC Fittings, UPVC Fittings, Agricultural Fittings (Self Fit), SWR Ring Fit Fittings, SWR Self Fit Fittings, PTMT Taps, garden pipes, and related products.
Manufacturing & Infrastructure
Manufacturing Facility & Registered Office: Located at Dared, Gujarat, equipped with fully automated machinery ensuring consistent quality, streamlined production, and operational efficiency.
Warehousing Network: The company has five warehouses in Gujarat — Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka (yet to commence operations).
Strength
Diverse Product Portfolio – Pipes and fittings catering to plumbing, agriculture, sewage, and industrial applications.
Advanced Manufacturing – Fully automated facility ensuring consistent quality and efficiency.
Robust Distribution Network – Multiple warehouses across Gujarat enabling strong market reach.
Weakness
Revenue Concentration Risk – Heavy dependence on top ten customers; loss of any major customer could impact revenues and profitability.
Supplier Dependence Risk – Significant reliance on a few suppliers; disruption in supply may affect business operations.
Project Execution Risk – Cost estimates for the proposed warehouse are internally derived and may vary, affecting growth, cash flow, and financial condition.
Vigor Plast India Latest Announcements
| Date | Subject | Attachment Text |
|---|
Vigor Plast India Financial Results
Vigor Plast India Lead Manager(s)
Vigor Plast India Address
Survey No. 640/3,
Behind Gujarat Gas CNG Pump Godown Zone,
Lalpur Road, Dared, Village: Chela,
Jamnagar, Gujarat, 361006
Phone: 0288-2730912
Email: info@vigorplastindia.com
Website: https://www.vigorplastindia.com/
Vigor Plast India Registrar
Vigor Plast India Reviewers
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