Vigor Plast IPO subscribed 3.88 times on the last day. A retail quota was subscribed over 2.49 times, NII was subscribed over 7.03 times, and QIB was subscribed 3.94 times, respectively.
Details About Vigor Plast IPO
Vigor Plast got approval from SEBI for an IPO of around ₹25.10 crores. Vigor Plast IPO is a fully fresh issue of ₹18.99 crores and offer for sale up to 6,00,000 equity shares with a face value of ₹10 each.
Further, Vigor Plast had a set price band of ₹77 to ₹81 per share.
In the Vigor Plast IPO, 3,200 shares were in 2 lot sizes for the retail minimum and maximum categories as well. Moreover, 4,800 shares were in 3 lot sizes for the S-HNI category. S-HNI Maximum has 11,200 shares in 8 lot sizes. B-HNI Minimum 12,800 shares in 9 lot sizes.
To invest in the Vigor Plast IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,59,200.
- SHNI (S-HNI): Minimum investment of ₹3,88,800.
- S-HNI Maximum: investment of ₹9,07,200.
- B-HNI Minimum: investment of ₹10,36,800.
Vigor Plast IPO’s Subscription Duration
Vigor Plast IPO was started on September 4, 2025, and closed on September 9, 2025. The Vigor Plast IPO’s allotment date was September 10, 2025, and they received a refund on September 11, 2025. In contrast, Vigor Plast’s listing date is scheduled for September 12, 2025.
Vigor Plast’s IPO funds deployment
- Repayment of certain secured borrowings availed by the Company
- Funding capital expenditure towards the development and construction of a new warehouse in Ahmedabad, Gujarat
- General corporate purposes.
About Vigor Plast Company
Vigor Plast company was founded in 2014 and became famous for focusing on the trading of PVC pipes and fittings. Since 2020, they have established a manufacturing facility to produce Polyvinyl Chloride (PVC), unplasticized polyvinyl chloride (uPVC), and chlorinated Polyvinyl Chloride (CPVC) pipes, fittings, and related products.
The company has set up five warehouses in four key cities of Gujarat: Rajkot, Jamnagar, Surat, and Ahmedabad. Their products are sold under the brand name ‘Vigor’ to increase brand recognition. As of December 31, 2024, the company has a sales network of 387 distributors across about 25 states and union territories.
Financial Report of the Vigor Plast Company
The company reported revenue of ₹46.02 crores in 2025 against ₹42.52 crores in 2024. The company reported profit of ₹5.15 crores in 2025 against profit of ₹2.93 crores in 2024.
