Bookbuilding IPO | ₹28 Cr | Listed at BSE SME | Tue, Sep 30, 2025 - Fri, Oct 3, 2025
Valplast Technologies IPO is a book build issue of ₹28.09 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹28.09 crore.
Valplast Technologies IPO bidding started from Sep 30, 2025 and ended on Oct 3, 2025. The allotment for Valplast Technologies IPO was finalized on Oct 6, 2025. The shares got listed on BSE SME on Oct 8, 2025.
Valplast Technologies IPO price band is set at ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,24,000.
Fintellectual Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Valplast Technologies IPO RHP for detailed Information.
IPO Open
Tue, Sep 30, 2025
IPO Close
Fri, Oct 3, 2025
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹105.99 Cr
| IPO Date | 30 Sep to 3 Oct, 2025 |
| Listed on | Wed, Oct 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 52,02,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 2,80,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 49,22,000 shares (agg. up to ₹27 Cr) |
| Net Offered to Public | 49,22,000 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 1,44,25,943 shares |
| Share Holding Post Issue | 1,96,27,943 shares |
| BSE Script Code | 544565 |
| ISIN | INE0QP701017 |
Valplast Technologies IPO comprises a total issue size of 52,02,000 shares. The net offer to the public is 49,22,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 24,54,000 (49.86%) are allocated to QIB, 7,44,000 (15.12%) allocated to NII 17,24,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,54,000 | 49.86% | 47.17% |
| − Anchor Investor Shares Offered | 14,70,000 | 28.26% | |
| − QIB (Ex. Anchor) Shares Offered | 9,84,000 | 18.92% | |
| NII (HNI) Shares Offered | 7,44,000 | 15.12% | 14.30% |
| − bNII > ₹10L | 4,92,000 | 9.46% | |
| − sNII < ₹10L | 2,52,000 | 4.84% | |
| Retail Shares Offered | 17,24,000 | 35.03% | 33.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,80,000 | 5.38% | |
| Total Shares Offered | 52,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Valplast Technologies IPO raises ₹7.94 crore from anchor investors. Valplast Technologies IPO Anchor bid date is September 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 29, 2025 |
| Shares Offered | 14,70,000 |
| Anchor Portion (₹ Cr.) | 7.94 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Nov 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Jan 3, 2026 |
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:
Competitive Strengths:
Valplast Technologies Ltd.'s revenue decreased by 1% and profit after tax (PAT) dropped by 6% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 |
| Amount in ₹ Crore | |||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 22.41% |
| ROCE | 18.82% |
| Debt/Equity | 0.74 |
| RoNW | 20.15% |
| PAT Margin | 9.67% |
| EBITDA Margin | 20.10% |
| Price to Book Value | 2.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.24 | 3.11 |
| P/E (x) | 12.75 | 17.34 |
| Promoter Holding | 86.65% | 63.68% |
| Market Cap | ₹105.99 Cr. |
The Valplast Technologies IPO is subscribed 1.19 times on October 3, 2025 5:04:48 PM (Day 3). The public issue subscribed 1.46 times in the individual investors category, 1.05 times in the QIB category, and 0.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.05 | 9,84,000 | 10,30,000 | 0 |
| NII* | 0.74 | 7,44,000 | 5,48,000 | 0 |
| bNII (bids above ₹10L) | 0.74 | 4,92,000 | 3,66,000 | |
| sNII (bids below ₹10L) | 0.72 | 2,52,000 | 1,82,000 | |
| Individual Investor | 1.46 | 17,24,000 | 25,20,000 | 0 |
| Total | 1.19 | 34,52,000 | 40,98,000 | 674 |
Total Application : 674
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager fees | 0.45 |
| 2 | Underwriting commission | 0.84 |
| 3 | Brokerage, selling commission, upload fees and Marketing expenses | 1.35 |
| 4 | Registrars to the issue including NSDL/CDSL | 0.05 |
| 5 | Legal Advisors | 0.03 |
| 6 | Printing and stationary expenses | 0.06 |
| 7 | Regulators including stock exchanges | 0.05 |
| 8 | Peer Review Auditors | 0.03 |
| 9 | Other misc. expenses | 0.25 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹57.00 |
| Low | ₹57.00 |
| High | ₹59.85 |
| Last Trade | ₹58.63 |
Lead Manager Reports
Valplast Technologies IPO is a SME IPO of 52,02,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 30, 2025, and closes on Fri, Oct 3, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Valplast Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Valplast Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Valplast Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Valplast Technologies IPO opens on Tue, Sep 30, 2025 and closes on Fri, Oct 3, 2025.
Valplast Technologies IPO lot size is 2000, and the minimum amount required for application is ₹2,16,000, with 2 lots being the minimum application size.
You can apply in Valplast Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Valplast Technologies IPO will be done on Monday, October 6, 2025, and the allotted shares will be credited to your demat account by Tue, Oct 7, 2025. Check the Valplast Technologies IPO allotment status.
The Valplast Technologies IPO listing date is on Wed, Oct 8, 2025.
