Valplast Technologies was incorporated on January 10, 2014. The company is a civil engineering and construction firm specialising in structural waterproofing systems, injection grouting, and infrastructure projects, including tunnels, dams, reservoirs, canals, and buildings. It has expanded into tunnel construction, pre-cast concrete structures, and MEP services, executing projects mainly through sub-contracts in defence, railways, and civil sectors, with some direct contracts for private and government clients
| Bidding Dates |
|---|
| 30 Sep 2025 - 03 Oct 2025 |
| Subscription |
|---|
| 1.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,04,000 | 2 | 2 | 2000 | 5.2 M | ₹51 - ₹54 | 63.68 % | ₹265.3 M - ₹280.9 M | RHP DOC |
Valplast Technologies IPO SUBSCRIPTION STATUS
03 Oct '25Valplast Technologies IPO overall subscription rate was 1.17 times the total available shares
Valplast Technologies IPO retail subscription rate was 1.93 times in the retail segment
Valplast Technologies IPO non-institutional investor subscription rate was 1.48 times in the non-institutional investor category
Valplast Technologies IPO Qualified Institutional Bidder subscription rate was 0.55 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Oct 2025 (Day 3) | 1.93x | 1.48x | 0.55x |
01 Oct 2025 (Day 2) | 1.41x | 0.71x | - |
30 Sep 2025 (Day 1) | 0.53x | 0.44x | - |
Valplast Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 63.2 | 6.1 | 1.0 | -9.7 | 20.1% |
| FY24 | 64.9 | 6.5 | 1.8 | 0.1 | 15.4% |
| FY23 | 27.2 | 1.3 | -1.7 | -3.1 | 11.5% |
Valplast Technologies IPO SUBSCRIPTION STATUS DETAILS
Valplast Technologies had 5.2 M shares on offer
Valplast Technologies IPO offer price was in the range ₹51 - ₹54
Valplast Technologies IPO minimum Investment was ₹204000
Valplast Technologies IPO issue size was ₹ 265.3 M - ₹ 280.9 M
Valplast Technologies had a minimum lot size of 2000 Shares per application
Valplast Technologies NUMBER OF SHARES ON OFFER
Valplast Technologies IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2025 |
| Issue close Date | 03 Oct 2025 |
| Allotment Date | 06 Oct 2025 |
| Refund Date | 07 Oct 2025 |
| Demat Account Credit Date | 07 Oct 2025 |
| Listing Date | 08 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Valplast Technologies Allotment Status | Exchange/ Registrar |
Valplast Technologies IPO subscription opened on 30 Sep 2025, and closed on 03 Oct 2025
IPO allotment for Valplast Technologies was finalized on Monday, 06 Oct 2025
IPO listing for Valplast Technologies was on BSE on Wednesday, 08 Oct 2025
Valplast Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 57.0 |
| Listing Close Price | 58.6 |
| Listing Gain% | 5.6% |
| Current Gain% | -31.5% |
Valplast Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valplast Technologies Ltd. | 37 | 72.6 | 7.8 | 0.1 | 0.7 | 14.5 | 8.2 | 103.3 | 60.1 | 9.3 | 52.2 | 4.7 | 52.2 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Valplast Technologies INFORMATION ON IPO ISSUE
About Valplast Technologies
Valplast Technologies was incorporated on January 10, 2014. The company is a civil engineering and construction firm specialising in structural waterproofing systems, injection grouting, and infrastructure projects, including tunnels, dams, reservoirs, canals, and buildings. It has expanded into tunnel construction, pre-cast concrete structures, and MEP services, executing projects mainly through sub-contracts in defence, railways, and civil sectors, with some direct contracts for private and government clients
Object of the Issue
- Funding the capital expenditure requirements of the company by purchase of plant and machinery
- Funding the working capital requirement of the company
- To meet out the general corporate purposes
Valplast Technologies - PROMOTERS
| Name |
|---|
| Sanjay Kumar |
| Rajeev Tyagi |
| Madhunita |
Valplast Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sanjay Kumar | Managing Director |
| Rajeev Tyagi | Whole-time Director & Company Secretary & Compliance Officer |
| Devendra Singh | Whole-time Director & Chief Financial Officer |
| Madhunita | Non-Executive Director |
| Manisha Kide | Independent Director |
| Yogesh Jadon | Independent Director |
Valplast Technologies Book Running Lead Manager
Fintellectual Corporate Advisors Private Limited
ipo@fintellectualadvisors.com
Valplast Technologies Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Valplast Technologies Strengths
Diversified revenue
The company primarily provides construction and civil engineering services across multiple states, including Bihar, Kerala, Uttarakhand, Andhra Pradesh, Himachal Pradesh, Odisha, Jammu & Kashmir, and Rajasthan. Its multi-state presence aids client base expansion, keeps the company aligned with technological advancements, and helps mitigate domestic market risks
Utilisation of resources
The company continuously works to enhance execution processes, upgrade employee skills, and modernise plants and machinery to optimise resource utilisation. It regularly reviews material procurement and project execution to identify bottlenecks and implement corrective measures for efficient operations
Valplast Technologies Risks
Dependent on third-party suppliers
The company relies on third-party suppliers for raw materials and faces risks from price fluctuations and potential shortages. The absence of long-term supply agreements may lead to cost volatility and disruptions, impacting project timelines and profitability
Working capital intensive
The company requires substantial working capital for ongoing operations, and any shortfall may impact its ability to meet client demand efficiently. Even if funds are secured, unforeseen cost increases could adversely affect business performance
Bank guarantee risks
The company relies on bank guarantees for certain projects, and any difficulty in securing them or their activation could adversely affect cash flows, operations, and financial stability. Inadequate collateral or delays in obtaining guarantees may limit project execution and contract acquisition
IPO FAQs
The promoters of the company are Sanjay Kumar, Rajeev Tyagi and Madhunita.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on Sep 30, 2025 and closes on Oct 03, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 204,000.0, the maximum value for this IPO is Rs 216,000.0.
This IPO will be allotted on Oct 06, 2025.
The refund will be credited to your account on Oct 07, 2025.
The allotted shares will be credited to your demat on Oct 07, 2025.
Valplast Technologies Ltd.’s shares listed on the stock exchanges on Oct 08, 2025.