Vigor Plast IPO opens today: Price band, GMP among key details to know

The IPO of Vigor Plast India opens for subscription today, aiming to raise a total of Rs 25.10 crores. The issue, which combines a fresh issue of 25 lakh shares and an offer for sale (OFS) of 6 lakh shares, is set to close on September 9.

The company, which specializes in the manufacturing and supply of CPVC and UPVC pipes and fittings, will be listing its shares on the NSE SME exchange.

Price band, lot size, and investment details

The price band for the IPO has been fixed between Rs 77 and Rs 81 per share. Retail investors have a minimum application lot size of 1,600 shares. The minimum investment for a retail individual investor is Rs 2.59 lakh, based on the upper price band.The total issue size is 30,99,200 shares, aggregating up to Rs 25.10 crore.

About the company

Incorporated in 2012, Vigor Plast India manufactures and supplies a comprehensive range of CPVC and UPVC piping solutions for diverse applications, including plumbing, sewage, and agriculture.The company boasts a modern, fully automated manufacturing facility in Dared, Gujarat, and operates five warehouses across the state.Also Read: Rs 1,445 crore profit! Facebook’s early investor to make 2,600% return in India IPO next week As of March 2025, Vigor Plast maintained a strong network of 440 distributors and dealers across 25 Indian states and territories.

Financial performance and IPO objectives

The company has shown robust financial growth, with its total revenue increasing by 8% to Rs 46.02 crore and its profit after tax (PAT) soaring by 76% to Rs 5.15 crore between the financial years ending March 2024 and March 2025.

The net proceeds from the IPO are intended for several key purposes. A significant portion, amounting to Rs 11.39 crores, will be used to repay certain secured borrowings. Additionally, the company plans to fund capital expenditure for a new warehouse in Ahmedabad, Gujarat, with an allocation of Rs 3.80 crores. The remaining funds will be used for general corporate purposes.

IPO timeline

Opening Date: September 4.Closing Date: September 9.Allotment finalization expected on September 10.Tentative Listing Date: September 12 on NSE SME.

Unistone Capital is the book-running lead manager for the issue, with Kfin Technologies acting as the registrar.

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