Vigor Plast IPO Subscription Status

Vigor Plast IPO was subscribed 0.33 times on the first day of bidding, i.e., 4th September 2025, till 5:00 PM.

• QIB quota: 0.42x
• NII quota: 0.50x
• Retail quota: 0.20x

In total, the company received bids for 6,76,800 shares against 20,70,400 shares on offer.

• Day 1 subscription: 0.33x

About Vigor Plast Limited

Founded in 2014, Vigor Plast initially gained recognition for trading in PVC pipes and fittings. In 2020, the company set up its own manufacturing facility to produce PVC, uPVC, and CPVC pipes, fittings, and related products.

The company has obtained multiple Bureau of Indian Standards (BIS) certifications for both its products and its manufacturing facility. To strengthen distribution, Vigor Plast has established five warehouses across four key cities in Gujarat—Rajkot, Jamnagar, Surat, and Ahmedabad.

Its products are sold under the “Vigor” brand, enhancing market visibility. As of December 31, 2024, the company had a sales network of 387 distributors spread across 25 states and union territories.

Vigor Plast Financials

• Revenue: ₹42.52 crore in FY24 vs ₹37.39 crore in FY23
• Net Profit: ₹2.93 crore in FY24 vs ₹0.30 crore in FY23

Vigor Plast IPO GMP

As of Thursday, 4th September 2025, the Grey Market Premium (GMP) stood at ₹0. This means the IPO shares were trading at ₹81, the same as the issue price, with no premium in the grey market.