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 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/