Vigor Plast India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Vigor Plast India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹81
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,29,600
Issue Size
₹25.1 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Vigor Plast India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
70.05%
Issue Type
Book Building - SME
ISIN
INE1DM601016
About the Company
Our company is a manufacturer and supplier of a comprehensive range of Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC) and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products for various applications in plumbing, irrigation, and SWR (Soil, Waste, and Rainwater) management. We cater to both rural and urban markets and provides long-lasting solutions for water distribution, wastewater management, and drainage. Our products, known for their durability and resistance to corrosion, are used in residential, commercial, agricultural and industrial sectors. Our focus is on delivering high-quality, efficient systems that meet the diverse requirements of our customers.
Industry Overview
The Indian plastic industry is one of the leading sectors in the country's economy. The history of the plastic industry in India dates to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90% belong to small and medium enterprises. India manufactures various products such as plastics and linoleum, houseware products, cordage, fishnets, floor coverings, medical items, packaging items, plastic films, pipes, raw materials, etc. The country majorly exports plastic raw materials, films, sheets, woven sacks, fabrics, and tarpaulin. The Government of India intends to take the plastic industry from a current level of Rs. 3,00,000 crore (US$ 37.8 billion) of economic activity to Rs. 10,00,000 crore (US$ 126 billion) in four-five years.
Company History
Our Company was incorporated as a Private Limited Company in the name `Vigor Plast India Private Limited', under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 30, 2014 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, pursuant to a special resolution passed by the shareholders of our company in the Extra-Ordinary General Meeting held on November 11, 2024, our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed to `Vigor Plast India Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on November 27, 2024 by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of the Company is U25190GJ2014PLC078525.
Products & Services
- The company is a manufacturer and supplier of a comprehensive range of Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC) and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products.
Growth Strategy
- Strategic Warehouse Expansion to Enhance Delivery Efficiency and Product Availability.
- Enhancing Brand Image Through Improved Strategic Ambassador Partnerships.
- Scaling Production Capacity to Meet Growing Demand.
- Optimizing Distribution Channels to Enhance Profit Margins and Dealer Engagement.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 30,99,200 equity shares of face value of Rs. 10/- each of Vigor Plast India limited ("Vigor" or the "Company" or the "Issuer") for cash at an offer price of Rs. 81/- per equity share including a share premium of Rs. 71/- per equity share (the "Offer Price") comprising of a fresh issue of upto 24,99,200 equity shares of face value of Rs. 10/- each aggregating to Rs. 20.24 crores (the "Fresh Issue") and an offer for sale of upto 6,00,000 equity shares of face value of Rs. 10/- each comprising upto of 2,00,000 equity shares of face value of Rs. 10 each by Jayesh Premjibhai Kathiriya, upto 2,00,000 equity shares of face value of Rs. 10 each by Premjibhai Dayabhai Kathiriya and upto 2,00,000 equity shares of face value of Rs. 10 each by Rajeshbhai Kathiriya ("the Selling Shareholders or "Promoter Selling Shareholders") ("Offer for Sale") aggregating to Rs. [*] crores, of which 1,55,200 equity shares of face value of Rs. 10/- each for aggregating to Rs. 1.26 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The public offer less the market maker reservation portion i.e. net offer of [*] equity shares of face value of Rs. 10/- each aggregating to Rs. [*] crores is herein after referred to as the "Net Offer". The public offer and the net offer will constitute upto 31.46 % and 29.88 %, respectively, of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Long Standing business track record.
- Established Supplier Relationships.
- Strong Knowledge and expertise of our Promoters.
- Extensive Product Portfolio to Meet Customer Needs.
- Our top ten customers (dealers/distributors) contribute the majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability.
- Our top ten suppliers contribute the majority of our purchases. Any loss of business with one or more of them may adversely affect our business operations and profitability.
- The cost estimates for the construction of the proposed warehouse have been derived from internal estimates of our management and may not be accurate.
- Any increase in the cost of our raw material or other purchases or a shortfall in the supply of our raw materials, may adversely affect the pricing and supply of our products and have an adverse effect on our business, results of operations and financial condition.
- Dependence on a Single Manufacturing Facility may have an adverse effect on our business, results of operations and financial condition.