vigor plast india limited

vigor plast india limited

VIGOR • ISIN: INE1DM601016

NSE
SME

Listing Price: ₹85

+4.94% Gain
About Company

Incorporated in 2012, Vigor Plast India Limited is engaged in the manufacturing and supplying of CPVC and UPVC pipes and fittings.

The company offers a comprehensive range of products, including CPVC and UPVC plumbing pipes and fittings, SWR pipes, and PVC agricultural pipes. These products are designed for use in various applications, including plumbing, sewage, agriculture, and industrial sectors.

The company’s manufacturing facility and registered office in Dared, Gujarat, utilise fully automated equipment to ensure consistent, high-quality production while streamlining operations and maintaining close oversight.

The company has established five warehouses in Gujarat, located in Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka.

Product Range

Vigor offers a comprehensive selection of piping solutions for various applications:

Pipes: CPVC, uPVC plumbing pipes, SWR Ring Fit & SWR Self Fit pipes, and PVC agricultural pipes.

Fittings and Accessories: A full spectrum of CPVC and uPVC fittings, agricultural fittings (Sel Fit), SWR Ring Fit and Self Fit fittings, plus ancillary products such as PTMT taps and garden pipes.

Vigor maintains a network of 440 distributors and dealers across 25 Indian states and territories (as of March 31, 2025), offering flexible credit terms and leveraging an Android-based “Vigor India Plast” app for seamless order placement.

As of June 30, 2025, the company has 81 personnel, excluding Board members, engaged in Management, Purchase, Procurement, Marketing, Production, Quality Control, Packing, Dispatch, Sales, and Human Resources.

Competitive Strengths

A broad, versatile product lineup tailored to diverse applications
Strong brand identity focused on quality and reliability
A modern, strategically located manufacturing setup enabling efficiency in cost, production, and logistics
Certification-backed quality (ISO and multiple IS/BIS standards).

Investment Objective

Repayment of certain secured borrowings availed by the Company

Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat

General corporate purposes

₹77 to ₹81 per share

Price Band

1.30 L

Min Investment

1600 shares

Lot Size

16.28x

P/E Ratio

Important Dates

Issue Opens

4 Sept 2025

Issue Closes

9 Sept 2025

Allotment

10 Sept 2025

Listing

12 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

1.59x

2,324,800 / 1,464,000 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

9.52x

2,833,600 / 297,600 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

3.09x

459,200 / 148,800 shares

Retail

Retail Individual Investors

2.49x

2,572,800 / 1,033,600 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersUnistone Capital Pvt.Ltd.
Min Quantity3,200
Max Quantity6,172
Company Promoters
Jayesh Premjibhai Kathiriya
Rajesh Premjibhai Kathiriya
Premjibhai Dayabhai Kathiria
+3 more
Website

https://www.vigorplastindia.com/

Email

info@vigorplastindia.com

Phone0288-2730912
Address

Vigor Plast India Ltd.
Survey No. 640/3,
Behind Gujarat Gas CNG Pump Godown Zone,
Lalpur Road, Dared, Village: Chela,
Jamnagar, Gujarat, 361006