Vigor Plast IPO 2025: Date, Price, GMP, Review, Allotment Details
The Vigor Plast IPO, an SME IPO from Vigor Plast India Limited, aims to raise approximately ₹[.] crores through a fresh issue and an offer for sale (OFS) of up to 6,00,000 equity shares. This IPO presents an opportunity to invest in a company specializing in CPVC and UPVC pipes and fittings, catering to plumbing and agricultural needs. This article provides a comprehensive overview of the Vigor Plast IPO, including tentative dates, price band, grey market premium (GMP), allotment details, financial performance, and expert review to guide investors.
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Vigor Plast IPO Details
The Vigor Plast IPO is a book-built issue comprising a fresh issue of ₹[.] crores and an OFS of up to 6,00,000 equity shares, each with a face value of ₹10. Below are the key details based on the DRHP and recent updates:
| Particulars | Details |
|---|---|
| IPO Opening Date | To be announced (2025) |
| IPO Closing Date | To be announced (2025) |
| Allotment Date | To be announced (2025) |
| Listing Date | To be announced (2025) |
| Face Value | ₹10 per share |
| Price Band | ₹[.] to ₹[.] per share |
| Lot Size | To be announced |
| Issue Size | ₹[.] crores |
| Fresh Issue | ₹[.] crores |
| Offer for Sale | 6,00,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Book Running Lead Manager | Unistone Capital Pvt Ltd |
| Registrar | KFin Technologies Limited |
| Market Maker | Not announced |
The IPO allocates 50% to Qualified Institutional Buyers (QIBs), 15% to High Net-Worth Individuals (HNIs), and 35% to Retail Individual Investors (RIIs). The minimum investment for retail investors will be announced once the lot size is finalized.
Vigor Plast IPO Subscription Status
The subscription status for the Vigor Plast IPO will be updated daily during the subscription period once the IPO opens in 2025. Investors can track live subscription data on the NSE or the registrar’s portal (KFin Technologies).
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Retail | To be updated |
| Total | To be updated |
Note: Subscription data will be available during the IPO subscription period in 2025.
Vigor Plast IPO Allotment Status
The allotment for the Vigor Plast IPO is expected to be finalized in 2025, following the close of the subscription period. Investors can check their allotment status on the registrar’s website (KFin Technologies) or the NSE website using their application number, PAN, or DP Client ID. Shares will be credited to demat accounts, and refunds will be processed for non-allotted applications.
Steps to Check Allotment Status:
- Visit the KFin Technologies website (https://kosmic.kfintech.com/ipostatus/).
- Select “Vigor Plast IPO” from the dropdown menu.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Search” to view your allotment status.
Note: Allotment status will be available after finalization in 2025.
Vigor Plast IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) reflects the premium at which IPO shares trade in the unofficial market before listing. As of July 17, 2025, the GMP for the Vigor Plast IPO is not available, as grey market activity has not yet started. Investors should monitor updates closer to the IPO opening for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 17, 2025 | Not Available | Not Available |
| July 16, 2025 | Not Available | Not Available |
| July 15, 2025 | Not Available | Not Available |
| July 14, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Base investment decisions on company fundamentals, not just GMP.
Vigor Plast IPO Kostak Rates Today
The Kostak rate is the premium an investor earns by selling their IPO application in the grey market before allotment. As of July 17, 2025, the Kostak rate for the Vigor Plast IPO is not available due to the absence of grey market activity. Check with grey market dealers for updates closer to the IPO opening.
| Date | Kostak Rate (₹) |
|---|---|
| July 17, 2025 | Not Available |
Vigor Plast IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 17, 2025, the Subject to Sauda rate for the Vigor Plast IPO is not available, as grey market trading has not commenced.
| Date | Subject to Sauda (₹) |
|---|---|
| July 17, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity begins.
About Vigor Plast India Limited
Incorporated in 2012, Vigor Plast India Limited, based in Jamnagar, Gujarat, is a manufacturer and supplier of CPVC and UPVC pipes and fittings, including plumbing pipes, SWR pipes, and PVC agricultural pipes. The company operates a manufacturing facility at Survey No. 640/3, Behind Gujarat Gas CNG Pump Godown Zone, Lalpur Road, Dared, Village: Chela, Jamnagar, Gujarat. Its products cater to domestic and industrial applications, serving sectors like plumbing, agriculture, and infrastructure. The company is promoted by Jayesh Premjibhai Kathiriya, Rajesh Premjibhai Kathiriya, Premjibhai Dayabhai Kathiria, Jashvantiben Rajeshbhai Kathiriya, and Nitaben Jayeshbhai Kathiriya. Vigor Plast emphasizes quality and innovation, positioning itself in the growing plastic pipes market.
Vigor Plast IPO Objectives
The net proceeds from the fresh issue will be used for:
- Repayment of certain secured borrowings availed by the company.
- Funding capital expenditure for the development and construction of a new warehouse in Ahmedabad, Gujarat.
- General corporate purposes.
Vigor Plast Financials
Vigor Plast has shown robust financial growth, particularly in profitability. Below is a summary of its financial performance:
| Particulars | FY24 (₹ Crores) | FY23 (₹ Crores) | Growth (%) |
|---|---|---|---|
| Revenue | 42.52 | 37.39 | 13.72% |
| EBITDA | Not Available | Not Available | Not Available |
| PAT | 2.93 | 0.30 | 876.67% |
The company’s strong PAT growth reflects operational efficiency and market demand for its products.
Vigor Plast IPO Strengths
- Strong Financial Growth: 13.72% revenue growth and 876.67% PAT growth from FY23 to FY24, indicating robust profitability.
- Growing Market Demand: CPVC and UPVC pipes are in high demand for plumbing and agriculture, driven by infrastructure development.
- Established Manufacturing: Operates a dedicated facility in Jamnagar, ensuring quality and scalability.
- Experienced Promoters: Led by a team with expertise in the plastic pipes industry.
- Strategic Location: Based in Gujarat, a hub for industrial and agricultural activities, enhancing market access.
Vigor Plast IPO Risks
- SME IPO Risks: Smaller scale and limited market visibility compared to mainboard IPOs.
- Price Band Uncertainty: Unannounced price band limits valuation clarity.
- Competition: Faces competition from larger players in the plastic pipes industry like Supreme Industries and Astral Pipes.
- Raw Material Costs: Fluctuations in raw material prices may impact margins.
- Limited Financial Data: Lack of EBITDA data restricts comprehensive financial analysis.
Vigor Plast IPO Review
The Vigor Plast IPO offers exposure to the growing plastic pipes and fittings industry, driven by demand in plumbing, agriculture, and infrastructure. The company’s 13.72% revenue growth and remarkable 876.67% PAT growth from FY23 to FY24 highlight its financial strength and operational efficiency. Its focus on CPVC and UPVC pipes aligns with India’s infrastructure and agricultural growth trends. However, as an SME IPO, it carries risks such as limited market visibility, competition from larger players, and unannounced price band details. The absence of GMP data limits visibility on listing gains, and no specific X posts mention investor sentiment for this IPO. Long-term investors may find the IPO attractive due to strong financials and market potential, but short-term investors should be cautious due to SME volatility and price uncertainty.
Recommendation: Suitable for long-term investors with moderate risk tolerance, but consult a financial advisor due to SME IPO risks.
How to Apply for Vigor Plast IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform.
- Navigate to the IPO section and select “Vigor Plast IPO.”
- Enter the number of lots and price (to be announced).
- Provide your UPI ID or bank details for payment.
- Submit the application and approve the UPI mandate.
Check your broker’s IPO application process for detailed instructions.
Vigor Plast IPO FAQs
When does the Vigor Plast IPO open and close?
The IPO dates are yet to be announced for 2025.
What is the price band of the Vigor Plast IPO?
The price band is not yet announced.
What is the minimum investment for retail investors?
The minimum investment will be announced once the lot size is finalized.
How can I check the Vigor Plast IPO allotment status?
Visit the KFin Technologies website (https://kosmic.kfintech.com/ipostatus/), select “Vigor Plast IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Vigor Plast IPO today?
As of July 17, 2025, the GMP is not available, as grey market activity has not started.
Where will the Vigor Plast IPO be listed?
The IPO will be listed on the NSE SME, with the listing date to be announced in 2025.
