IPO Details

Bidding Dates

03 Oct '25 - 06 Oct '25

Minimum Investment

₹2,16,000/ 2 Lots (4,000 Shares)

Price Range

₹51 -₹54

Maximum Investment

₹2,16,000/ 2 Lots (4,000 Shares)

Retail Discount

To be announced

Issue Size

₹28.09 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)   |  

Valplast Technologies IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 30, 25

IPO Closing Date

Oct 03, 25

Basis of Allotment

Oct 06, 25

Initiation of Refunds

Oct 07, 25

IPO Listing Date

Oct 08, 25

Valplast Technologies IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 29, 2025

 0.00 0.46 0.56 0.38

Day 2Sep 30, 2025

 0.00 0.46 0.56 0.38

About Valplast Technologies IPO

Valplast Technologies IPO is a book-built issue worth ₹28.09 crore. The IPO consists entirely of a fresh issue of 0.52 crore shares, giving the company an opportunity to raise funds directly from the market. The subscription for this IPO will open on September 30, 2025, and close on October 3, 2025.

The basis of allotment is expected to be finalised on October 6, 2025, and the shares are proposed to be listed on the BSE SME platform with a tentative listing date set for October 8, 2025.

The price band for the IPO has been fixed between ₹51 to ₹54 per share. Investors applying in the retail category need to bid for a minimum of 2 lots, which equals 4,000 shares, requiring an investment of ₹2,16,000 at the upper price band.

For HNI investors, the minimum bid size is 3 lots, or 6,000 shares, amounting to ₹3,24,000. Fintellectual Corporate Advisors Pvt. Ltd. is the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar to the issue, and Nikunj Stock Brokers Ltd. is the market maker.

Valplast Technologies IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company plans to use part of the proceeds to purchase new plant and machinery to support capital expenditure needs.
  2. Funds will also be utilised to meet working capital requirements and ensure smooth day-to-day operations.
  3. A portion of the proceeds will be allocated towards general corporate purposes.

About Valplast Technologies Limited

Valplast Technologies Limited, originally incorporated in 2014 as Renesco India Private Limited, is a civil engineering and construction company with a strong focus on specialised infrastructure solutions. Over the years, the company underwent several name and status changes, becoming Valplast Technologies Limited in August 2023 after its conversion into a public limited company.

With operations spread across nine states, the company has successfully executed more than 40 projects across sectors such as defence, railways, and road infrastructure. The company’s core expertise lies in providing structural waterproofing systems, injection grouting, tunnel construction, and slope stabilisation services.

It also undertakes fabrication and installation of precast concrete elements, as well as mechanical, electrical, and plumbing (MEP) services. These offerings cater to a diverse range of infrastructure needs, including underground structures, reservoirs, dams, canals, and civil buildings. The addition of tunnel construction and precast concrete structures has further expanded its capabilities in complex engineering projects.

Valplast Technologies Limited has steadily grown by taking on both subcontracted projects through main contractors and direct contracts for private companies and government bodies. Its ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications highlight its commitment to quality management, environmental safety, and occupational health standards.

The company is led by promoters Sanjay Kumar, Rajeev Tyagi, and Madhunita, who bring extensive industry experience and strong client relationships. Their leadership has helped the company build a reputation for timely project execution and client-centric service delivery, positioning it as a trusted partner in the construction and engineering sector.

Industry Outlook

  1. India’s construction market was valued at USD 1.04 trillion in 2024 and is expected to grow to USD 2.13 trillion by 2030 at a CAGR of 12.1%, supported by initiatives like the National Infrastructure Pipeline and Gati Shakti.
  2. The country has the world’s largest road network at 6.62 million km, with 826 PPP road projects out of 1,825 total projects as of February 2025, highlighting strong private sector participation.
  3. In FY25, NHAI achieved record spending of ₹2,50,000 crore (USD 29.26 billion) and constructed 5,614 km of highways, surpassing its target of 5,150 km. Flagship programmes such as the National Infrastructure Pipeline, PM Gati Shakti, Smart Cities, and metro rail expansions continue to boost yearly investments in infrastructure.

How To Apply for the Valplast Technologies IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Valplast Technologies IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Valplast Technologies IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Valplast Technologies Limited

Registered office: 1025 BH, 10th Floor, Puri Business HUB-81 High Street Sector 81, Faridabad, Haryana, India, 121004

Phone: 0120- 4889900

E-mail:cs@valplastindia.com 

Valplast Technologies IPO Reservation

Investor Category

Shares Offered

Market Maker Shares

2,80,000 (5.38%)

QIB Shares

24,54,000

NII (HNI) Shares

7,44,000 (14.30%)

Retail Shares

17,24,000 (33.14%)

Total Shares

52,02,000 (100.00%)

Valplast Technologies IPO Lot Size Details

Application

Lots

Shares

Amount

Individual investors (Retail) (Min)

2

4,000

₹2,16,000

Individual investors (Retail) (Max)

2

4,000

₹2,16,000

S-HNI (Min)

3

6,000

₹3,24,000

S-HNI (Max)

9

18,000

₹9,72,000

B-HNI (Min)

10

20,000

₹10,80,000

Valplast Technologies IPO Promoter Holding

The promoters of the company are Mr. Sanjay Kumar, Mr. Rajeev Tyagi, and Mrs. Madhunita

Share Holding Pre-Issue

86.65%

Share Holding Post Issue&nbsp

63.68%

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Valplast Technologies IPO

KPI

Value

ROE (%)

22.41

RoCE (%)

18.82

Debt/Equity&nbsp

0.74

RoNW (%)

20.15

PAT Margin (%)

9.67

EBITDA Margin (%)

20.10

Valplast Technologies IPO Prospectus

Valplast Technologies IPO Registrar and Lead Managers

Valplast Technologies IPO Lead Managers

  • Fintellectual Corporate Advisors Private Limited

Registrar for Valplast Technologies IPO

Bigshare Services Private Limited

Valplast Technologies IPO Registrar: https://ipo.bigshareonline.com/IPO_Status.html

Financial Performance of Valplast Technologies Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh) 6324.54 6494.14 2721.40
Profit/loss After Tax (in ₹ lakh) 611.35 650.94 128.11
Earnings per Share 4.24 4.76 1.02
Net Worth (in ₹ lakh) 3033.12 2421.94 1490.22
Current Ratio (x) 1.58 1.66 2.22
Return on Capital Employed (RoCE) (%) 18.82 31.24 12.54
EBITDA (in ₹ lakh) 1,271.47 998.03 312.89

Know before investing

Strengths

8

  1. Strong promoter leadership with 16 and 11 years of industry experience.

  2. Skilled workforce and trained employees ensure efficient project execution and delivery.

  3. Diversified presence across 9 states helps reduce geographical concentration risks.

  4. Over 40 projects completed across defence, railways, and infrastructure sectors.

  5. Expanding focus on tunnel construction supported by new technology and machinery.

  6. Reliable supplier relationships ensure timely access to quality materials and equipment.

  7. Client-centric approach enables long-term partnerships and repeat business opportunities.

  8. Geographic expansion strategy strengthens revenue base and widens growth opportunities pan-India.

Risks

8

  1. Promoters and directors face ongoing legal proceedings affecting business operations.

  2. Claims worth 114% of revenue may not be realisable due to litigations.

  3. Contingent liabilities could negatively impact financial condition and business performance.

  4. Heavy dependence on few clients increases risk of revenue concentration.

  5. Major revenue sourced from top five states could impact profitability if lost.

  6. Over-reliance on waterproofing, tunnel, and MEP services poses business risk.

  7. No long-term supply agreements exposes the company to raw material shortages.

  8. Past non-compliances under Companies Act, GST, and Income Tax may attract penalties.

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Valplast Technologies Limited Peer Comparison

Company Name EPS (Basic) NAV (per share) (₹) P/E (x) RoNW (%)
Valplast Technologies Limited 4.24 21.03 - 20.16
SRM Contractors Limited 21.86 120.09 20.60 19.96

Valplast Technologies IPO FAQs

What is the Valplast Technologies IPO?

Valplast Technologies IPO is a book-built issue IPO. It runs from September 30, 2025, to October 3, 2025. 

When will the Valplast Technologies IPO be allotted?

The Basis of Allotment will happen on Monday, October 6, 2025.  

When will the Valplast Technologies IPO open for subscription?

The IPO subscription window will open on September 30, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 2 lots, and the lot size is 2,000 shares. 

When will the Valplast Technologies IPO list on exchanges?

The listing date for Valplast Technologies IPO is Wednesday, October 8, 2025. 

What is the issue size of the Valplast Technologies IPO?

The issue size of the Valplast Technologies IPO is ₹28.09 crore.

What are the open and close dates of the Valplast Technologies IPO?

The open and close dates for Valplast Technologies IPO are from September 30, 2025, to October 3, 2025.

What would be the listing gains on the Valplast Technologies IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. 

When will I know if my Valplast Technologies IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Valplast Technologies IPO?

Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Valplast Technologies IPO getting listed?

The Valplast Technologies IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE). 

How to increase your chances of getting a Valplast Technologies IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Valplast Technologies IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Valplast Technologies IPO using one PAN?

You can submit only one application using your PAN card. 

How to read Valplast Technologies Limited's financial statements?

To read Valplast Technologies Limited’s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for the Valplast Technologies IPO?

Pre-apply allows investors to apply for the Valplast Technologies IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Valplast Technologies IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.