Vigor Plast India Ltd - IPO

Vigor Plast India Ltd IPO Details

Initial public offer of upto 30,99,200 equity shares of face value of Rs. 10/- each of Vigor Plast India limited (Vigor or the Company or the Issuer) for cash at an offer price of Rs. 81/- per equity share including a share premium of Rs. 71/- per equity share (the Offer Price) comprising of a fresh issue of upto 24,99,200 equity shares of face value of Rs. 10/- each aggregating to Rs. 20.24 crores (the Fresh Issue) and an offer for sale of upto 6,00,000 equity shares of face value of Rs. 10/- each comprising upto of 2,00,000 equity shares of face value of Rs. 10 each by Jayesh Premjibhai Kathiriya, upto 2,00,000 equity shares of face value of Rs. 10 each by Premjibhai Dayabhai Kathiriya and upto 2,00,000 equity shares of face value of Rs. 10 each by Rajeshbhai Kathiriya (the Selling Shareholders or Promoter Selling Shareholders) (Offer for Sale) aggregating to Rs. [*] crores, of which 1,55,200 equity shares of face value of Rs. 10/- each for aggregating to Rs. 1.26 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The public offer less the market maker reservation portion i.e. net offer of [*] equity shares of face value of Rs. 10/- each aggregating to Rs. [*] crores is herein after referred to as the Net Offer. The public offer and the net offer will constitute upto 31.46 % and 29.88 %, respectively, of the post-offer paid-up equity share capital of the company.

Objective of 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.

Vigor Plast India Ltd Contact Details

Vigor Plast India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@vigorplastindia.com

Website - www.vigorplastindia.com