Srinibas Pradhan Constructions IPO vs Vigor Plast IPO

Comparison between Srinibas Pradhan Constructions IPO and Vigor Plast IPO.

IPO Details

Srinibas Pradhan Constructions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vigor Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Srinibas Pradhan Constructions IPO is up to ₹19.30 Cr whereas the issue size of the Vigor Plast IPO is up to ₹23.85 Cr. The final issue price of Srinibas Pradhan Constructions IPO is ₹98.00 per share and of Vigor Plast IPO is ₹81.00 per share.

 Srinibas Pradhan Constructions IPOVigor Plast IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share₹77.00 per share
Issue Price (Upper)₹98.00 per share₹81.00 per share
Issue Price (Final)₹98.00 per share₹81.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size16,09,200 shares23,44,000 shares
Fresh Issue Size (Amount)up to ₹15.77 Crup to ₹18.99 Cr
OFS Issue Size3,60,000 shares6,00,000 shares
OFS Issue Size (Amount)up to ₹3.53 Crup to ₹4.86 Cr
Issue Size Total19,69,200 shares29,44,000 shares
Issue Size Total (Amount)up to ₹19.30 Crup to ₹23.85 Cr

IPO Timetable

Srinibas Pradhan Constructions IPO opens on Mar 06, 2026, while Vigor Plast IPO opens on Sep 04, 2025. The closing date of Srinibas Pradhan Constructions IPO and Vigor Plast IPO is Mar 10, 2026, and Sep 09, 2025, respectively.

 Srinibas Pradhan Constructions IPOVigor Plast IPO
Anchor Bid DateSep 03, 2025
Issue OpenMar 06, 2026Sep 04, 2025
Issue CloseMar 10, 2026Sep 09, 2025
Basis Of Allotment (Tentative)Mar 11, 2026Sep 10, 2025
Initiation of Refunds (Tentative)Mar 12, 2026Sep 11, 2025
Credit of Share (Tentative)Mar 12, 2026Sep 11, 2025
Listing date (Tentative)Mar 13, 2026Sep 12, 2025
Anchor Lockin End date 1Oct 09, 2025
Anchor Lockin End date 2Dec 08, 2025

Financials & KPIs

Srinibas Pradhan Constructions IPO P/E ratio is 9.15, as compared to Vigor Plast IPO P/E ratio of 12.35.

 Srinibas Pradhan Constructions IPOVigor Plast IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets56.6755.7620.836.50
Total Income45.6389.7335.2726.35
Profit After Tax4.116.593.551.48
EBITDA7.6413.015.582.15
NET Worth22.0115.917.722.67
Reserves and Surplus15.8711.553.572.57
Total Borrowing17.1717.251.880.06
Amount in ₹ Crore

Company Financials (Restated)

Vigor Plast India Ltd.'s revenue increased by 8% and profit after tax (PAT) rose by 76% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets40.5135.8920.09
Total Income46.0242.5237.39
Profit After Tax5.152.930.30
EBITDA12.087.553.08
NET Worth12.784.571.64
Reserves and Surplus4.934.071.14
Total Borrowing17.7221.5711.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.27100
Promoter Shareholding (Post-Issue)62.170.05
P/E Ratio9.1512.35
Market Cap₹77.04 Cr.₹83.85 Cr.
ROE55.7659.39
ROCE71.0128.24
Debt/Equity1.081.39
EPS₹10.71₹6.56
RoNW55.7659.39

Shares Offered

In the Srinibas Pradhan Constructions IPO Retail Individual Investors (RII) are offered 9,74,400 shares while in Vigor Plast IPO retail investors are offered 9,74,400 shares. Qualified Institutional Buyers (QIB) are offered 19,200 shares in Srinibas Pradhan Constructions IPO and 5,90,400 shares in Vigor Plast IPO.

 Srinibas Pradhan Constructions IPOVigor Plast IPO
Anchor Investor Reservation0 shares8,73,600 shares
Market Maker Reservation1,04,400 shares1,55,200 shares
QIB19,200 shares5,90,400 shares
NII9,75,600 shares4,46,400 shares
RII9,74,400 shares10,33,600 shares
Employee0 shares0 shares
Others
Total19,69,200 shares29,44,000 shares

Bids Received (Subscription)

Srinibas Pradhan Constructions IPO subscribed 1.13x in total, whereas Vigor Plast IPO subscribed 3.88x.

 Srinibas Pradhan Constructions IPOVigor Plast IPO
QIB (times)1.13x3.94x
NII (times)1.57x7.03x
Big NII (times)2.22x9.00x
Small NII (times)0.27x3.09x
RII (times)0.69x2.49x
Employee (times)
Other (times)
Total (times)1.13x3.88x

Compare with others

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Srinibas Pradhan Constructions IPO Vs Vigor Plast IPO