Vigor Plast India IPO

Vigor Plast India Limited, under the brand “VIGOR,” manufactures PVC, uPVC, and cPVC pipes and fittings, serving rural and urban markets with durable water and drainage solutions. The company’s manufacturing facilities is located in Gujarat achieved a capacity utilisation of 69.52% for pipes and 81.36% for fittings in FY25. The company derives the majority of its revenue (97.68%) from the domestic market, while exports to Nepal contributed 2.32%. The revenue mix was led by the industrial sector (44.62%), followed by residential (23.93%), agricultural (22.55%), and commercial (8.90%) applications. Fittings and ancillary products contributed 54.05% of FY25 revenue, while pipes accounted for 45.95%.