Vigor Plast IPO Subscription Status
- The Vigor Plast IPO was subscribed 3.88 times on its final day (till 5:00 PM, September 9, 2025).
- Category-wise subscription:
- QIB (Qualified Institutional Buyers): 3.94x
- NII (Non-Institutional Investors): 7.03x
- RII (Retail Individual Investors): 2.49x
- Total bids received: 80,32,000 shares against 20,70,400 shares offered.
Day-wise subscription trend:
- Day 1: 0.33x
- Day 2: 0.71x
- Day 3 (Final Day): 3.88x
The IPO saw strong investor demand on the last day, especially from NII and QIB investors, indicating confidence in the company’s growth prospects.
About Vigor Plast Limited
- Founded: 2014
- Initial Focus: Started as a PVC pipes and fittings trading company.
- Expansion: In 2020, the company established its own manufacturing facility for:
- PVC (Polyvinyl Chloride) pipes & fittings
- uPVC (Unplasticized PVC) pipes & fittings
- CPVC (Chlorinated PVC) pipes & fittings
- Quality Certifications:
- Accredited by the Bureau of Indian Standards (BIS) for both products and the manufacturing facility.
- Distribution & Warehousing:
- 5 warehouses across 4 strategic locations in Gujarat – Rajkot, Jamnagar, Surat, and Ahmedabad.
- Wide sales network of 387 distributors covering 25 states and union territories (as of December 31, 2024).
- Products marketed under the brand “Vigor”, strengthening brand recognition.
- Customer Segments:
- Construction and infrastructure companies
- Plumbing and sanitation markets
- Industrial and agricultural sectors (irrigation, water supply systems)
Financial Performance
- FY 2023–2024:
- Revenue: ₹42.52 crore in 2024 vs. ₹37.39 crore in 2023
- Profit: ₹2.93 crore in 2024 vs. ₹0.30 crore in 2023
- Growth Insight:
- The company achieved a 13.7% revenue growth and a 9.7x increase in net profit within a year.
- Profitability surged due to scaling manufacturing operations and growing distribution reach.
Vigor Plast IPO Grey Market Premium (GMP)
- As of Tuesday, September 9, 2025, the IPO GMP stood at ₹0.
- This means the IPO was trading at ₹81 in the grey market, equal to its issue price of ₹81, with no premium or discount.
- A neutral GMP indicates that the stock’s listing may depend on post-listing demand and long-term investor sentiment.