Valplast Technologies IPO
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Schedule of Valplast Technologies
| Issue open date | 30 Sep 2025 |
| Issue close date | 03 Oct 2025 |
| UPI mandate deadline | 03 Oct 2025 (5 PM) |
| Allotment finalization | 06 Oct 2025 |
| Refund initiation | 07 Oct 2025 |
| Share credit | 07 Oct 2025 |
| Listing date | 08 Oct 2025 |
| Mandate end date | 18 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 05 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 04 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Valplast Technologies
Valplast Technologies Limited, incorporated in 2014 as Renesco India Private Limited, is a civil engineering and construction company specializing in structural waterproofing, injection grouting, tunnel construction, pre-cast concrete structures, and MEP services for infrastructure projects. It operates mainly as a subcontractor for defense, railway, and civil works, with some direct contracts for private and government clients. Present across nine states, the company has completed over 40 projects and continues to expand regionally, focusing on timely execution and client satisfaction for sustained growth.
Financials of Valplast Technologies
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹28.09 crores |
| Fresh Issue | ₹28.09 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of Machinery | 4.95 (17.63%) |
| Working Capital Requirements | 14 (49.86%) |
| General Corporate Purpose | 9.13 (32.51%) |
Strengths
- Experienced promoters with 11–16 years of expertise in construction and civil engineering.
- Skilled workforce and trained employees supported by strong internal systems and processes.
- Diversified presence across 9 states with more than 40 completed projects.
- Long-standing client and supplier relationships providing stable business opportunities.
- Focus on tunnel construction and advanced technology to improve efficiency and scale.
Risks
- Significant pending litigations and tax disputes totaling over ₹7,400 lakhs may affect financials.
- Heavy dependence on a few key customers; top five clients form over 70% of revenue.
- Sub-contracting model and tender-based government contracts expose it to delays and disputes.
- Capital-intensive projects with potential time and cost overruns affecting profitability.
- High competition and strict environmental/safety regulations increasing operational complexity.
Allotment Status for Valplast Technologies
To check your allotment status – click here.
Subscription Figures for Valplast Technologies
As per media reports (Link), the Grey Market Premium (GMP) of Valplast Technologies is reported at ₹3 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 30, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.84 | 0 | 0 |
| NII | 7.44 | 3.40 | 0.46x |
| Retail | 17.24 | 9.64 | 0.56x |
| Total | 34.52 | 13.04 | 0.38x |