Vigor Plast IPO
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Schedule of Vigor Plast
| Issue open date | 04 Sep 2025 |
| Issue close date | 09 Sep 2025 |
| UPI mandate deadline | 09 Sep 2025 (5 PM) |
| Allotment finalization | 10 Sep 2025 |
| Refund initiation | 11 Sep 2025 |
| Share credit | 11 Sep 2025 |
| Listing date | 12 Sep 2025 |
| Mandate end date | 24 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 10 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 09 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Vigor Plast
Vigor Plast India manufactures and supplies PVC, uPVC, and CPVC plumbing, irrigation, and SWR pipes and fittings. Based in Jamnagar, Gujarat since 2014, it operates a 160,000 sq ft facility with BIS-certified products, a well-equipped lab, and a pan-India distribution network including five warehouses.
Financials of Vigor Plast
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.10 crores |
| Fresh Issue | ₹20.24 crores |
| Offer for sale | ₹4.86 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of certain outstanding borrowings | 11.39 (56.27%) |
| Capital expenditure | 3.80 (18.77%) |
| General corporate purposes | 3.04 (15%) |
| Miscellaneous | 2.02 (9.96%) |
Strengths
- Wide product range across PVC, uPVC, CPVC, SWR lines.
- Large 160,000 sq ft plant with advanced lab facilities.
- BIS-certified products ensure compliance and reliability.
- Pan-India reaches via distributors and five warehouses.
- Strong recent financial performance with profit growth.
Risks
- High leverage with significant debt-to-equity ratio.
- Fresh manufacturers entering industry increase competition.
- Price-sensitive markets pressure PVC margins.
- Dependence on raw material price volatility.
- Working-capital intensity may strain operating liquidity.
Allotment Status for Vigor Plast
To check your allotment status – click here.