
Vigor Plast IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Tue Sep 16 2025

Vigor Plast IPO is open for bidding from September 4, 2025, to September 9, 2025. It is a book-building IPO of ₹25.10 crore, comprising a fresh issue of 0.25 crore shares and an offer for sale of 0.06 crore shares. The problem will be listed on BSE and SME on its tentative listing date, 12th September 2025.
Vigor Plast IPO Details
The Vigor Plast IPO date is scheduled between September 4, 2025, and September 9, 2025. The face value of Vigor Plast IPO shares is ₹10 per share, and the IPO price is set at ₹77.00 to ₹ 81.00 per share.
Bigshare Securities Private Limited is the registrar of the Vigor Plast IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 4th September 2025 |
IPO Close Date | 9th September 2025 |
IPO Allotment Date | 10th September 2025 |
Refund Initiation | 11st September 2025 |
Issue Size | 30,99,200 shares(aggregating up to ₹25.10 Cr) |
Fresh Issue | 23,44,000 shares(aggregating up to ₹18.99 Cr) |
Offer for Sale | 6,00,000 shares of ₹10(aggregating up to ₹4.86 Cr) |
Face Value | ₹10 per share |
Lot Size | 1,600 shares |
Issue Price Band | ₹77.00 to ₹81.00 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 12th September 2025 |
Vigor Plast IPO Share Reservation
Vigor Plast IPO is a book-building IPO of ₹25.10 crores, comprising a fresh issue of 0.25 crore shares and an offer for sale of 0.06 crore shares. The shares of Vigor Plast will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
QIB Shares Offered | Not more than 50% of the Net Offer |
Retail Shares Offered | Not less than 35% of the Net Offer |
NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Vigor Plast IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Vigor Plast IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
01-09-2025 | ₹81.00 | ₹0.00 | ₹81.00 | 0.00% |
31-08-2025 | ₹81.00 | ₹0.00 | ₹81.00 | 0.00% |
30-08-2025 | ₹81.00 | ₹0.00 | ₹81.00 | 0.00% |
29-08-2025 | ₹81.00 | ₹0.00 | ₹81.00 | 0.00% |
28-08-2025 | ₹81.00 | ₹0.00 |
As of 1st September 2025, Vigor Plast IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹81 on its tentative listing date, 11th September 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Vigor Plast GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Vigor Plast IPO GMP Review

Check out the detailed Vigor Plast GMP IPO review for a thorough understanding of its potential to report listing gains on 11th September 2025. The Vigor Plast IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Vigor Plast IPO.
Vigor Plast Limited’s revenue increased by 8% from ₹42.52 crores in March 2024 to ₹46.52 crores in March 2025. Moreover, the company’s PAT rose by 76% from ₹2.93 crores to ₹5.15 crores.
Vigor Plast Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Vigor Plast IPO for its tentative listing day, 12th September 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Vigor Plast IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 12.35 |
EPS (Earnings Per Share) | 6.56 |
RoNW | 59.39% |
ROCE | 28.24% |
ROE | 59.39% |
EBITDA Margin | 26.51% |
Price to Book Value | 4.97 |
Market Capitalisation | 83.35 Cr |
Thus, the Vigor Plast Limited IPO can potentially deliver gains on its tentative listing date, 11th September 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Vigor Plast Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Vigor Plast Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Vigor Plast Industries Limited | 6.57 | – | 59.39 | ₹10 | 45.58 |
Captain Pipes Ltd | 0.59 | 27.27 | 25.18 | ₹1 | 76.47 |
Dutron Polymers Ltd | 4.54 | 30.25 | 9.80 | ₹10 | 105.00 |
Rex Pipes And Cables Industries Limited | 5.42 | 24.49 | 15.09 | ₹10 | 139.00 |
Vigor Plast IPO Subscription Status
The Vigor Plast IPO is to be opened for bidding on 4th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Vigor Plast IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not more than 50% of the Net Offer | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not less than 35% of the Net Offer | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | Not less than 15% of the Net Offer | Yet to be announced | Yet to be announced |
About Vigor Plast Limited

Vigor Plast Limited was established 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.
Vigor Plast Limited Financials
The company’s financial analysis is essential before applying for the Vigor Plast IPO. Look at the table to learn about Vigor Plast Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 40.51 | 35.89 | 20.09 |
Revenue | 46.02 | 42.52 | 37.39 |
Profit After Tax | 5.15 | 2.93 | 0.30 |
EBITDA | 12.08 | 7.55 | 3.08 |
Net Worth | 12.78 | 4.57 | 1.64 |
Reserve and surplus | 4.93 | 4.07 | 1.14 |
Total Borrowing | 17.72 | 21.57 | 11.29 |
Explanation
Vigor Plast Limited’s revenue increased by 8% from ₹42.52 crores in March 2024 to ₹46.52 crores in March 2025. Moreover, the company’s PAT rose by 76% from ₹2.93 crores to ₹5.15 crores.
Vigor Plast IPO Bidding Requirements
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 2 | 3,200 | ₹2,59,200 |
Individual Investors (Retail) (Max | 2 | 3,200 | ₹2,59,200 |
S-HNI (Min) | 3 | 4,800 | ₹3,88,800 |
S-HNI (Max) | 7 | 11,200 | ₹9,07,200 |
B-HNI (Min) | 8 | 12,800 | ₹10,36,800 |
Vigor Plast IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.
Use the lot size calculator to find how many shares you should apply for!
Vigor Plast IPO Promoter Holding
Have a look at the table below to check the holdings of Vigor Plast Limited’s promoters: Mr. Debajit Choudhury, Ms. Rina Choudhury, Ms. Susmita Mukherjee, Ms. Debahuti Chatterjee, and Ms. Nita Dey.
Share Holding Pre-Issue | 100.00% |
Share Holding Post-Issue | 70.05 |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Vigor Plast IPO
The primary aim of the Vigor Plast IPO is to raise ₹25.10 crores. On the other hand, Vigor Plast has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Vigor Plast IPO.
- To Repayment of certain secured borrowings availed by the Company
- To Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat
- To General corporate purposes
Should I Invest in the Vigor Plast IPO?
Explore the pros and cons of Vigor Plast to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Vigor Plast IPO
- The company has a good financial performance
- The company has a immediate capital allocation strategy
- The company has a diverse portfolio of product
Cons of Vigor Plast IPO
- The company has a dependent on the single manufacturing company
- The company has a raw material shortage or cost hikes could negative impact on production and margin and supply chain from the third party logistics.
- The company has potential risks stemming from weakness in internal controls.
How to Apply for the Vigor Plast IPO?

Check the steps mentioned below to apply for Vigor Plast Limited.
- Step 1: Conduct thorough research on the Vigor Plast IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lots of 3,200 shares worth ₹2,59,200.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Vigor Plast IPO from more than one demat account to increase your chances of allotment.
How to Check Vigor Plast IPO Allotment Status?
You can check whether the Vigor Plast IPO allotment has been completed in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Vigor Plast IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Vigor Plast IPO allotment status.
Let’s Wrap
Vigor Plast IPO is a bookbuilding issue of shares worth ₹25.10 crores. The shares of Vigor Plast Limited will be listed on NSE and SME on its tentative listing date of 12th September 2025. Researching the Vigor Plast IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Vigor Plast IPO
How is the Vigor Plast IPO?
Ans. Currently, on 1st September, the Vigor Plast IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹81 per share. It is a bookbuilding IPO of ₹25.10 crores, comprising a fresh issue of 0.25 crore shares and an offer for sale of 0.06 crore shares. The face value of each share of Vigor Plast Limited is ₹10 per share.
What is the Vigor Plast IPO price?
Ans. The Vigor Plast IPO price is set at ₹77.00 to ₹81.00 per share. Retail investors can apply for a minimum of 2 lots consisting of 3,200 shares worth ₹2,59,200. Moreover, HNIs are required to bid for a minimum of 3 lots (4,800 shares) worth ₹3,88,800.
Is the Vigor Plast IPO good?
Ans. Vigor Plast Limited’s revenue increased by 8% from ₹42.52 crores in March 2024 to ₹46.52 crores in March 2025. Moreover, the company’s PAT rose by 76% from ₹2.93 crores to ₹5.15 crores.
Who is the registrar of the Vigor Plast IPO?
Ans. Kfin Technologies Limited is the registrar of the Vigor Plast IPO, responsible for managing the IPO allotment procedure and refund initiation. For any queries regarding the Vigor Plast allotment and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222, 04079611000.
What is the issue size of the Vigor Plast IPO?
Ans. Vigor Plast IPO is a bookbuilding IPO for 0.25 crore shares worth ₹25.10 crores. Moreover, the IPO is set to open on 4th September 2025 and will be closed on 9th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Vigor Plast IPO, download the Vigor Plast IPO RHP and Vigor Plast IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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