Valplast Technologies Limited IPO
Valplast Technologies Limited was originally incorporated as Renesco India Private Limited in Delhi on January 10, 2014, as a subsidiary of a foreign company. Following a shareholders’ resolution on December 21, 2020, it was renamed Valplast Technologies Private Limited. The company converted to a public limited entity on August 18, 2023, adopting the name Valplast Technologies Limited.
Business Activities
Valplast Technologies is a civil engineering and construction company specializing in:
1. Structural Waterproofing Systems
2. Injection Grouting Solutions for underground structures, tunnels, landfills, dams, canals, shafts, reservoirs, and buildings
3. Tunnel Construction and Precast Concrete Structures
4. Mechanical, Electrical, and Plumbing (MEP) services in tunnels and underground projects
5. Slope Stabilization and Retaining Walls
The company serves sectors including defense, railways, infrastructure, and private civil construction projects, operating both as a sub-contractor and a direct contractor.
Geographical Presence and Projects
Valplast Technologies operates in 9 Indian states, with a portfolio of over 40 completed projects in defense, railway, and infrastructure sectors. Key services include water-proofing, injection grouting, and complex tunnel construction projects.
Competitive Strengths
i) Experienced Management Team – Leadership with extensive industry knowledge and strong client and supplier relationships.
ii) Optimal Resource Utilization – Efficient project execution, modernized machinery, and skilled workforce.
iii) Diversified Revenue – Operations across multiple geographies, mitigating market risks and enhancing client reach.
Objects of the Valplast Technologies Limited IPO:
Valplast Technologies Limited IPO Details:
Open Date: | Sep 30 2025 |
Close Date: | Oct 03 2025 |
Total Shares: | 52,02,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 28.09 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 51-54 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Oct 08 2025 |
Promoters And Management:
Financials of Valplast Technologies Limited IPO:
Particulars | FY2024-2025 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations (Cr) | 63.24 | 64.94 | 27.21 |
EBITDA (Cr) | 12.71 | 9.98 | 3.12 |
EBITDA Margins | 20.10% | 15.37% | 11.50% |
PAT (Cr) | 6.11 | 6.52 | 1.25 |
PAT Margins | 9.66% | 10.04% | 4.59% |
ROCE | 20.15% | 26.88% | 8.59% |
Debt to Equity Ratio(In Times) | 0.75 | 0.26 | 0.26 |
Operating Cash Flows (Cr) | 0.98 | 1.8 | -1.69 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Valplast Technologies Limited | 63.24 | 20.10% | 9.66% | 20.15% | 0.75 | 105.99 | 17.35 |
SRM Contractors Limited | 527 | 15% | 9.49% | 31.00% | 0.15 | 1,244 | 21.2 |
Lead Manager of Valplast Technologies Limited IPO:
Registrar of Valplast Technologies Limited IPO:
Discussion on Valplast Technologies Limited IPO:
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