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15 Days Price Change

Vigor Plast India IPO

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WEBSITE Inc. Year: 2014 Industry: Plastic Products Listed Page

Profile
Issue Size 25.1 Cr
Profile
Price Range 77  to  81 per share
Profile
Min Investment ₹81
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our Company was incorporated in 2014, initially focusing on the trading of PVC pipes and fittings. In the year 2020 onwards,we expanded our operations by establishing a manufacturing facility to produce Polyvinyl Chloride (PVC), UnplasticizedPolyvinyl Chloride (uPVC), and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products. Our companyis a manufacturer and supplier of a comprehensive range of Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride(uPVC) and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products for various applications in plumbing,irrigation, and SWR (Soil, Waste, and Rainwater) management. We cater to both rural and urban markets and provides longlastingsolutions for water distribution, wastewater management, and drainage. Our products, known for their durability andresistance to corrosion, are used in residential, commercial, agricultural and industrial sectors. Our focus is on deliveringhigh-quality, efficient systems that meet the diverse requirements of our customers.We have received several quality certifications from the Bureau of Indian Standards (BIS) for both our products andmanufacturing facility. Our facility complies with the ISO 9001:2005 Quality Management Standard, ensuring the consistentmanufacturing, export, and supply of uPVC, cPVC, and PVC products. Additionally, our company has been awarded variousIS Certifications, including IS 15778:2007 for Chlorinated Polyvinyl Chloride (CPVC) pipes used in potable hot and coldwater distribution systems, IS 7834:Part I:1987 for Injection Moulded PVC Socket Fittings with solvent cement joints forwater supplies, IS 13592:2013 for Unplasticized Polyvinyl Chloride (PVC-U) Pipes for soil and waste discharge systems inbuildings, IS 14735:1999 for Unplasticized PVC Injection Moulded Fittings for soil and waste discharge systems, and IS4985:2021 for Unplasticized PVC Pipes for potable water supplies. These certifications demonstrate the quality and reliabilityof our products across various categories. Read More

Basic Info

Face Value 10 per share

Price 77  to  81 per share

P/E (x) 12.3

Sales( Cr.) 46

PAT( Cr.) 5

EPS 6.6

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Jayesh Premjibhai Kathiriya Rajesh Premjibhai Kathiriya Premjibhai Dayabhai Kathiria Jashvantiben Rajeshbhai Kathiriya Nitaben Jayeshbhai Kathiriya

Pre Issue Share Holding 99.99%

Post Issue Share Holding 70.05%

Listing Details:

Listing Price: 85

Listing Gain: 4.71%

Current Price: 54.5

Gain On Issue: 54.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 04, 2025
Closing Date Sep 09, 2025
Allotment Sep 10, 2025
Refund Sep 11, 2025
Delivery of Shares Sep 11, 2025
Listing Date Sep 12, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3200 259,200
Retail (Max) -- -- --
S-HNI (Min) 1 3200 259,200
S-HNI (Max) 3 9600 777,600
B-HNI (Min) 4 12800 1,036,800

Objective of the Issue

1. Repayment of certain secured borrowings availed by our Company 2. Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 2324800 0x
NII 0 3292800 0x
Retail 0 2572800 0x
EMP 0 0 0x
Total 0 8190400 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Vigor Plast India Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 32 37 42 46
Other Income 0 0 0 0
Total Income 33 37 43 46
Total Expenditure 29 34 35 33
Operating Profit 3 3 8 13
Interest 1 1 1 2
Depreciation 2 2 2 4
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 0 0 4 7
Provision for Tax 0 0 1 2
Profit After Tax 0 0 3 5
Adjustments 0 0 0 0
Profit After Adjustments 0 0 3 5
Adjusted Earnings Per Share 0.4 0.4 3.9 6.6

Vigor Plast India Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 2 5 13
Minority's Interest 0 0 0 0
Borrowings 4 3 11 10
Other Non-Current Liabilities 0 0 1 1
Total Current Liabilities 15 15 20 18
Total Liabilities 21 20 36 41
Fixed Assets 10 11 16 28
Other Non-Current Assets 2 1 5 2
Total Current Assets 9 8 15 11
Total Assets 21 20 36 41

Vigor Plast India Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities -1 5 2 15
Cash Flow from Investing Activities -1 -2 -11 -12
Cash Flow from Financing Activities 2 -2 9 -2
Net Cash Inflow / Outflow 0 0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0

Vigor Plast India Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.4 0.4 3.91 6.56
CEPS(Rs) 2.89 3.01 7.2 11.54
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.8 2.18 6.09 16.27
Core EBITDA Margin(%) 9.04 8.33 18.06 26.51
EBIT Margin(%) 3.99 3.36 12.33 18.9
Pre Tax Margin(%) 1.39 0.93 9.72 15.04
PAT Margin (%) 0.93 0.8 6.9 11.3
Cash Profit Margin (%) 6.68 6.05 12.72 19.88
ROA(%) 1.47 1.47 10.47 13.48
ROE(%) 22.28 19.98 94.46 59.39
ROCE(%) 9.21 9.3 26.82 30.42
Receivable days 25.88 23.52 23.41 19.5
Inventory Days 62.6 49.86 56.94 69.74
Payable days 82.92 73.48 83.3 92.71
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.41 0.31 0.52 0.56
EV/Core EBITDA(x) 4.17 3.6 2.86 2.04
Net Sales Growth(%) 0 15.06 13.94 7.29
EBIT Growth(%) 0 -2.95 317.79 64.48
PAT Growth(%) 0 -0.96 880.62 75.84
EPS Growth(%) 0 -0.95 880.54 67.95
Debt/Equity(x) 9.37 6.9 4.72 1.39
Current Ratio(x) 0.59 0.53 0.74 0.63
Quick Ratio(x) 0.21 0.22 0.31 0.13
Interest Cover(x) 1.54 1.39 4.73 4.89
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 13% 0% 0%
Operating Profit CAGR 63% 63% 0% 0%
PAT CAGR 67% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 59% 58% 49% 49%
ROCE Average 30% 22% 19% 19%

Company Contact Information

Vigor Plast India Ltd.

Ajay Kumar Agrawal

0288-2730912

info@vigorplastindia.com

Survey No. 640/3 Behind Gujarat Gas Cng Pump Godown Zone Lalpur Road, Dared, Village Chela

IPO Lead Manager(s)

Vigor Plast India Ltd.

Unistone Capital Pvt Ltd.

Registrar Info

Vigor Plast India Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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