Gujarat-based PVC pipes and fittings manufacturer Vigor Plast India Ltd is set to launch its SME IPO on September 4, 2025, with subscriptions closing on September 9, 2025. The basis of allotment will be finalised on September 10, while trading of shares is scheduled to commence on September 12, 2025, on the NSE Emerge platform. The public issue comprises a fresh issue of 24.99 lakh shares and an offer-for-sale (OFS) of 6 lakh shares by the promoter group, the Kathiriya family, totaling around 30.99 lakh shares. Proceeds from the fresh issue will be utilised towards repayment of Rs 11.4 crore debt, construction of a new warehouse in Ahmedabad (Rs 3.8 crore), and for general corporate purposes. Incorporated in 2014, Vigor Plast India began as a trader of PVC pipes under the VIGOR brand and now operates a manufacturing facility with four warehouses across Gujarat. The company caters to plumbing, irrigation, and SWR (soil, waste, rainwater) management segments. For FY25, the company reported a net profit of Rs 5.15 crore, marking a 75.8% YoY growth, on a revenue of Rs 45.6 crore (up 7.3% YoY). Vigor Plast competes with listed peers like Captain Pipes, Dutron Polymers, and Rex Pipes & Cables Industries. Unistone Capital is acting as the sole book running lead manager for the issue. #IPO #VigorPlastIndia #NSEEmerge #SMEIPO #StockMarketNews #PVCpipes #Investing

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