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Valplast Technologies IPO
Price Band
₹51.0–54.0
Issue Size
₹28.09 Cr
Lot Size
2,000 shares
Min Investment
₹216,000
2 LOTS MIN
GMP
—
Issue Price
₹54.0
Valplast Technologies IPO AI Summary
- Valplast Technologies IPO is listed on BSE SME in the Civil Construction sector.
- Price band: ₹51.0–₹54.0 per share, lot size 2,000 shares (min. investment ₹216,000, 2 lots minimum).
- Subscription window: 30 Sep–03 Oct 2025, listing on 08 Oct 2025.
Valplast Technologies Limited is a civil construction company with a diverse range of services and a strong operational presence across India. The IPO aims to raise funds for capital expenditures and working capital, with a competitive P/E ratio compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Valplast Technologies IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2014, Valplast Technologies Limited is a civil engineering & construction company engaged in structural waterproofing, injection/grouting services, and precast concrete work. The company offers services such as thermoplastic welding of geomembranes, sheet waterproofing installation, liquid and spray-applied waterproofing, chemical and cementitious grouting/injection works, ground stabilization, and specialized drilling services. The company operates in 9 states, completing 40+ projects in defense, railways, and infrastructure. It strategically expands to regions with high demand, steadily growing its execution capabilities across India. Portfolio and Services: Tunnel Construction: The company builds tunnels through various terrains using drilling, blasting, or cut-and-cover methods, ensuring stability and efficiency. Waterproofing Services: The company provides waterproofing solutions for tunnels, buildings, and reservoirs using advanced membranes, coatings, and drainage systems. Injection Grouting: The company strengthens structures by injecting grout into cracks and voids, reinforcing foundations, and stabilizing loose ground. Precast Concrete Elements: The company fabricates and installs precast beams, columns, walls, and slabs, ensuring quality and efficiency in construction. Slope Stabilization & Retaining Walls: The company prevents erosion and landslides by building retaining walls and implementing drainage and vegetation solutions for stability. Competitive Strengths: Strong Management Team and Experienced Staff/ Trained Employees Optimal Utilization of Resources Diversified revenue from multiple geographies
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 75.61 | 56.83 | 26.75 |
| Total Income | 64.53 | 65.24 | 27.34 |
| Profit After Tax | 6.11 | 6.52 | 1.27 |
| EBITDA | 12.71 | 9.98 | 3.13 |
| NET Worth | 30.33 | 24.22 | 14.90 |
| Reserves and Surplus | 15.91 | 9.79 | 2.40 |
| Total Borrowing | 22.55 | 6.20 | 3.93 |
Key Ratios
EPS
₹4.24
NAV
₹21.03
ROE
22.41%
ROCE
18.82%
RoNW
20.15%
P/B Value
2.57
P/E Ratio
12.75
Market Cap
₹105.99 Cr
PAT Margin
9.67%
Debt/Equity
0.74
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| SRM Contractors Limited | 120.09 | 19.96% | 20.6 | 21.86 | 21.86 |
| Valplast Technologies Limited This IPO | 21.03 | 20.16% | — | 4.24 | 4.24 |
Promoters
Sanjay Kumar, Rajeev Tyagi and Madhunita
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the capital expenditure requirements by purchase of Machinery 4.95 2 To meet incremental working capital requirements 14.00 3 General Corporate Purposes 6.03 4 Issue Expenses 3.11 Total 28.09
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹27.34 Cr in the period ending 31 Mar 2023, rising to ₹65.24 Cr by 31 Mar 2024, but then slightly decreased to ₹64.53 Cr in the period ending 31 Mar 2025. This indicates a peak in the 2024 period, followed by a small decline in the most recent period.
Profit Trend
Profit After Tax was ₹1.27 Cr in the period ending 31 Mar 2023, increasing to ₹6.52 Cr by 31 Mar 2024, and then slightly decreasing to ₹6.11 Cr in the period ending 31 Mar 2025. This shows a strong growth in profit up to 2024, followed by a small decline in the latest period.
Valuation
Valplast Technologies Limited has an EPS of ₹4.24 and is priced at a P/E ratio of 12.75 at the issue price. This is lower than its peer SRM Contractors Limited, which has a P/E of 20.6.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price, while a negative GMP indicates the opposite. However, GMP is not a guaranteed indicator of actual listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable returns with lower risk may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties inherent in the construction sector.
IPO Timeline, Explained
The IPO opens for subscription on 30th September 2025 and closes on 3rd October 2025. Allotment of shares will be done by 6th October 2025, and the shares are expected to be listed on the stock exchange on 8th October 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the shares of an IPO start trading on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. Investors should be aware of the risks involved in trading on listing day.
This evaluation is generated from Valplast Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Valplast Technologies IPO?
The price band of Valplast Technologies IPO is ₹51.0–₹54.0 per share.
When does Valplast Technologies IPO open and close?
Valplast Technologies IPO opens on 30 September 2025 and closes on 03 October 2025.
When does Valplast Technologies IPO list on the stock exchange?
Valplast Technologies IPO listed on 08 October 2025 at ₹54.0.
What is the lot size for Valplast Technologies IPO?
The lot size for Valplast Technologies IPO is 2000 shares, requiring a minimum investment of ₹216,000 (2 lots).
What is the price band for the Valplast Technologies IPO?
The price band for the Valplast Technologies IPO is ₹51.0 to ₹54.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹216,000.
What is the lot size for the Valplast Technologies IPO?
The lot size for the Valplast Technologies IPO is 2000 shares.
When is the listing date for the Valplast Technologies IPO?
The listing date for the Valplast Technologies IPO is 8th October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2025
Close
03 Oct 2025
Allotment
06 Oct 2025
Listing
08 Oct 2025
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