Vigor Plast IPO allotment: The initial public offering (IPO) of CPVC and UPVC pipes and fittings manufacturer Vigor Plast India concluded with decent subscription. The NSE SME IPO opened for subscription on Thursday, September 4, and concluded on Tuesday, September 9, with an overall subscription of nearly 4 times.
The SME IPO, with a price band of ₹77 to ₹81 per share was a combination of fresh issue of 24,99,200 shares and offer for sale of 6,00,000 shares. The company aimed to raise ₹20.24 crore from the fresh issue of shares which it will utilise for the repayment of certain borrowings, to fund capital expenditure towards the development and construction of new warehouse in Ahmedabad, Gujarat, and for general corporate purposes.
Vigor Plast is expected to finalise share allotment on Wednesday, September 10. Successful bidders can expect the shares credited to their demat accounts on Thursday, September 11. Those who bet on the IPO but fail to get the allotment may get the refunds on Thursday.
The stock is expected to be listed on the NSE SME on Friday, September 12.
Vigor Plast India produces polyvinyl chloride (PVC), unplasticized polyvinyl chloride (UPVC), and chlorinated polyvinyl chloride (CPVC) pipes, fittings, and related products.
Its revenue from operations in FY23 was ₹37.3 crore, which rose to ₹42.5 crore in FY24 and to ₹45.6 crore in FY25. Profit for FY23 stood at ₹29.87 lakh, rising to ₹2.93 crore in FY24 and to ₹5.15 crore in FY25.
How to check Vigor Plast IPO share allotment status?
Investors can check Vigor Plast IPO share allotment status on the NSE or on the website of the issue’s registrar. Kfin Technologies was the registrar of the issue.
Vigor Plast IPO share allotment status on NSE
Step 1: Visit NSE IPO allotment page by clicking the following link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2: Select ‘Equity and SME IPO bids’
Step 3: Choose ‘Vigor Plast IPO’ from the “Select Symbol” dropdown menu
Step 4: Enter your PAN and Application Number
Your Vigor Plast IPO allotment status will be displayed on the screen.
Vigor Plast IPO Allotment Status Check Kfin Technologies
Step 1: Visit IPO registrar’s website on this link – https://ipostatus.kfintech.com/
Step 2: Choose ‘Vigor Plast IPO’ in the “Select IPO” dropdown menu
Step 3: Select either Application No, Demat Account, or PAN
Step 4: Enter the details as per the option selected
Your Vigor Plast IPO allotment status will be displayed on the screen.
Vigor Plast IPO GMP
The last grey market premium (GMP) of Vigor Plast was nil. This indicates shares of Vigor Plast could be listed at par with the issue price.
Read all IPO-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
