Home
Charts
Search
Watchlist
Products
All IPOs
₹81 - 81
Vigor Plast India Ltd
Plastic productsIPOSME
₹81 - 81
Our company is 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 long-lasting solutions for water distribution, wastewater management, and drainage. Our products, known for their durability and resistance to corrosion, are used in residential, commercial, agricultural and industrial sectors. Our focus is on delivering high-quality, efficient systems that meet the diverse requirements of our customers.
Lot1,600Min Invest₹2,59,200Face Value₹10Issue Size₹25 CrFresh Issue₹20 CrOffer for Sale₹5 CrListing Price₹85CMP₹69
Timeline
4 Sept
Bidding opens
9 Sept
Bidding closes
10 Sept
Allotment
11 Sept
Refund & demat credit
12 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹25 Cr0.31 Cr shares
Fresh Issue₹20 Cr
Offer for Sale₹5 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,59,2001-1 lots
sNII₹2,59,200from 2 lots
bNII₹10,36,800from 8 lots
Managers & Registrar
Lead ManagerUnistone Capital Pvt. Ltd
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrJayesh Premjibhai KathiriyaPRMTR2,00,0001.62Rajeshbhai KathiriyaPRMTR2,00,0001.62Premjibhai Dayabhai KathiriyaPRMTR2,00,0001.62Total6,00,0004.86
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%70.04%Public0.01%29.96%
Objects of the Issue
- Repayment of certain securid borrowings availed by our company
- Funding capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 37 | 42 | 46 | 66 | 72 |
| Operating ProfitCr | 3 | 8 | 12 | 18 | 19 |
| OPM% | 8.3 | 17.8 | 26.7 | 27.8 | 26.7 |
| PBTCr | 0 | 4 | 7 | 12 | 13 |
| PATCr | 0 | 3 | 5 | 9 | 10 |
| EPS | 6 | 59 | 7 | 10 | 10 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 8 | 10 | - |
| ReservesCr | 1 | 4 | 5 | 30 | - |
| BorrowingsCr | 11 | 22 | 18 | 7 | - |
| Fixed AssetsCr | - | - | 28 | 31 | - |
| Total AssetsCr | 20 | 36 | 41 | 61 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 5 | 2 | 14 | 5 | - |
| Investing Cash FlowCr | -2 | -11 | -12 | -7 | - |
| Financing Cash FlowCr | -2 | 9 | -2 | 6 | - |
| Net Cash FlowCr | 0 | 0 | 0 | 4 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Long Standing business track record.
- Established Supplier Relationships.
- Strong Knowledge and expertise of our Promoters.
- Extensive Product Portfolio to Meet Customer Needs.
Strategies · as stated in the DRHP
- Strategic Warehouse Expansion to Enhance Delivery Efficiency and Product Availability.
- Enhancing Brand Image Through Improved Strategic Ambassador Partnerships.
- Scaling Production Capacity to Meet Growing Demand.
- Optimizing Distribution Channels to Enhance Profit Margins and Dealer Engagement.
Risks · as stated in the DRHP
- Our top ten customers (dealers/distributors) contribute the majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability.
- Our top ten suppliers contribute the majority of our purchases. Any loss of business with one or more of them may adversely affect our business operations and profitability.
- The cost estimates for the construction of the proposed warehouse have been derived from internal estimates of our management and may not be accurate.
- Any increase in the cost of our raw material or other purchases or a shortfall in the supply of our raw materials, may adversely affect the pricing and supply of our products and have an adverse effect on our business, results of operations and financial condition.
- Dependence on a Single Manufacturing Facility may have an adverse effect on our business, results of operations and financial condition.
- We have derived a significant portion of our revenue from Vigor Polytech, the sister concern of our company in the financial years ended on March 31, 2024, March 31, 2023 and March 31, 2022.