Valplast Technologies
Closed
Closed
IPO Timeline
Issue open date
30 Sep 2025Issue close date
3 Oct 2025UPI mandate deadline
3 Oct 2025Allotment finalization
6 Oct 2025Refund initiation
7 Oct 2025Share credit
7 Oct 2025Listing date
8 Oct 2025Mandate end date
18 Oct 2025Lock-in end date for anchor investors (50%)
5 Nov 2025Lock-in end date for anchor investors (remaining)
4 Jan 2025Grey Market Premium Trend
₹1.5
Current GMP
₹56
Est. Listing Price
2.8%
Est. Listing Gain
₹51 - ₹54
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 2 Oct | ₹2 | ₹56 | 2.78% |
| 1 Oct | ₹2 | ₹56 | 2.78% |
| 30 Sep | ₹2 | ₹56 | 2.78% |
| 29 Sep | ₹3 | ₹57 | 5.56% |
| 28 Sep | ₹3 | ₹57 | 5.56% |
| 27 Sep | ₹3 | ₹57 | 5.56% |
| 26 Sep | ₹3 | ₹57 | 5.56% |
| 25 Sep | ₹3 | ₹57 | 5.56% |
| 24 Sep | ₹3 | ₹57 | 5.56% |
| 23 Sep | ₹3 | ₹57 | 5.56% |
| 22 Sep | ₹3 | ₹57 | 5.56% |
Key Dates
Open
30 Sep 2025Close
3 Oct 2025Listing
8 Oct 2025Quick Stats
Issue Size:28cr
Lot Size:2000 shares
Issue Details
Issue Size:28cr
About the Company
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.
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.
Valplast Technologies IPO – Frequently Asked Questions
- The price band for the Valplast Technologies IPO is set at ₹51 to ₹54 per share.
- The Valplast Technologies IPO opens on September 30, 2025 and closes on October 3, 2025.
- The tentative listing date for the Valplast Technologies IPO is October 8, 2025.
- You can apply for the Valplast Technologies IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Valplast Technologies, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Valplast Technologies IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).