Vigor Plast IPO is a book-built issue of ₹25.10 crore. It consists of a fresh issue of 0.25 crore equity shares aggregating to ₹20.24 crore and an offer for sale of 0.06 crore equity shares amounting to ₹4.86 crore. The bidding window was open from September 4, 2025, to September 9, 2025, with the IPO allotment to be finalised on September 10, 2025. Vigor Plast is scheduled to list on NSE SME on September 12, 2025.
The IPO was priced at ₹77-₹81 per share with a lot size of 1,600 shares. The issue received bids for 80,32,000 shares against 20,70,400 shares available, resulting in an overall subscription of 3.88 times, NIIs subscribed 7.03 times their quota, QIBs 3.94 times, and retail investors 2.49 times.
Vigor Plast’s ₹25.10 crore IPO, priced at ₹77-₹81 per share, was subscribed 3.88 times overall. The IPO is a fresh issue of 0.25 crore shares aggregating to ₹20.24 crore and an offer for sale of 0.06 crore shares amounting to ₹4.86 crore. Bidding took place from September 4 to September 9, 2025, with the allotment status to be finalised on September 10, 2025. Retail investors subscribed 2.49 times and NIIs 7.03 times. Listing is expected on September 12, 2025, on NSE SME.
The table below breaks down the Vigor Plast share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,55,200 (5.01%) |
| QIB Shares Offered | 14,64,000 (47.24%) |
| − Anchor Investor Shares Offered | 8,73,600 (28.19%) |
| − QIB (Ex. Anchor) Shares Offered | 5,90,400 (19.05%) |
| NII (HNI) Shares Offered | 4,46,400 (14.40%) |
| − bNII > ₹10L | 2,97,600 (9.60%) |
| − sNII < ₹10L | 1,48,800 (4.80%) |
| Retail Shares Offered | 10,33,600 (33.35%) |
| Total Shares Offered | 30,99,200 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 3.94 |
| Non-Institutional Investors | 7.03 |
| Retail Individual Investors | 2.49 |
| Total | 3.88 |
Note: The subscription details are as of September 9, 2025
Vigor Plast India Limited, incorporated in 2012, is engaged in the manufacturing and supply of CPVC and UPVC pipes and fittings. The company produces a wide range of products that cater to plumbing, sewage, agriculture, and industrial applications. Its product line includes CPVC and uPVC plumbing pipes, SWR ring fit and self-fit pipes, and PVC agricultural pipes, along with fittings and accessories such as PTMT taps and garden pipes.
The company operates its manufacturing facility and registered office in Dared, Gujarat. This facility is equipped with fully automated machinery, which helps maintain consistency in quality, reduces manual intervention, and enhances operational efficiency. In addition, Vigor Plast has established five warehouses across Gujarat in Rajkot, Jamnagar, Surat, Ahmedabad, and Dholka, supporting its distribution and logistics network.
Vigor Plast has built a wide sales and distribution footprint with 440 distributors and dealers across 25 states and territories in India as of March 31, 2025. To strengthen this network further, the company provides flexible credit terms and uses its Android-based “Vigor India Plast” app to enable seamless order placement for partners and distributors. This approach enhances its ability to service diverse markets effectively.
As of June 30, 2025, the company employed 81 personnel (excluding board members) across departments such as Management, Purchase, Procurement, Marketing, Production, Quality Control, Packing, Dispatch, Sales, and Human Resources. With a focus on quality backed by ISO and BIS certifications, Vigor Plast has positioned itself as a brand associated with reliability and cost-effective piping solutions for multiple sectors.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 9, 2025, 8:19 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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