Valplast Technologies IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 30 to Oct 03 2025
Price Band
₹51 - 54
Current GMP
₹57.0 (+5.56%)
Subscription
1.19 times
IPO Details
| IPO Date | September 30, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,02,000 shares (aggregating up to ₹28.09 Cr) |
| Reserved for Market Maker | 2,80,000 shares (aggregating up to ₹1.51 Cr)Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 49,22,000 shares (aggregating up to ₹26.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,44,25,943 shares |
| Share Holding Post Issue | 1,96,27,943 shares |
IPO Date
September 30, 2025 to October 3, 2025
Listing Date
October 8, 2025
Face Value
₹10 per share
Issue Price Band
₹51 to ₹54 per share
Lot Size
2,000 Shares
Sale Type
Fresh Capital
Total Issue Size
52,02,000 shares (aggregating up to ₹28.09 Cr)
Reserved for Market Maker
2,80,000 shares (aggregating up to ₹1.51 Cr)Nikunj Stock Brokers Ltd.
Net Offered to Public
49,22,000 shares (aggregating up to ₹26.58 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,44,25,943 shares
Share Holding Post Issue
1,96,27,943 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.05 |
| Non-Institutional Buyers*** | 0.74 |
| bNII (bids above ₹10L) | 0.74 |
| sNII (bids below ₹10L) | 0.72 |
| Individual Investors (IND category bidding for 2 Lots) | 1.46 |
| Total ** | 1.19 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
1.05
Non-Institutional Buyers***
0.74
bNII (bids above ₹10L)
0.74
sNII (bids below ₹10L)
0.72
Individual Investors (IND category bidding for 2 Lots)
1.46
Total **
1.19
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 30, 2025 | 0.00 | 0.46 | 0.62 | 0.14 | 0.56 | 0.38 |
| Day 2 Oct 1, 2025 | 0.00 | 0.16 | 0.05 | 0.38 | 1.07 | 0.57 |
| Day 3 Oct 3, 2025 | 1.05 | 0.74 | 0.74 | 0.72 | 1.46 | 1.19 |
DayDay 1
Sep 30, 2025
QIB (Ex Anchor)0.00
NII*0.46
NII (> ₹10L)0.62
NII (< ₹10L)0.14
Individual Investors0.56
Total0.38
DayDay 2
Oct 1, 2025
QIB (Ex Anchor)0.00
NII*0.16
NII (> ₹10L)0.05
NII (< ₹10L)0.38
Individual Investors1.07
Total0.57
DayDay 3
Oct 3, 2025
QIB (Ex Anchor)1.05
NII*0.74
NII (> ₹10L)0.74
NII (< ₹10L)0.72
Individual Investors1.46
Total1.19
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-10-2025 | 54.00 | 0(0.00%) | 54 |
| 07-10-2025 | 54.00 | 0(0.00%) | 54 |
| 06-10-2025 | 54.00 | 0(0.00%) | 54 |
| 05-10-2025 | 54.00 | 0(0.00%) | 54 |
| 04-10-2025 | 54.00 | 0(0.00%) | 54 |
| 03-10-2025 | 54.00 | 0(0.00%) | 54 |
| 02-10-2025 | 54.00 | 1.5(2.78%) | 55.5 |
| 01-10-2025 | 54.00 | 1.5(2.78%) | 55.5 |
| 30-09-2025 | 54.00 | 3(5.56%) | 57 |
| 29-09-2025 | 54.00 | 3(5.56%) | 57 |
| 28-09-2025 | 54.00 | 3(5.56%) | 57 |
| 27-09-2025 | 54.00 | 3(5.56%) | 57 |
| 26-09-2025 | 54.00 | 3(5.56%) | 57 |
| 25-09-2025 | 54.00 | 3(5.56%) | 57 |
| 24-09-2025 | 54.00 | 3(5.56%) | 57 |
| 23-09-2025 | 0 | 3(0.00%) | 3 |
Date08-10-2025
Price54.00
GMP0(0.00%)
Estimate List Price54
Date07-10-2025
Price54.00
GMP0(0.00%)
Estimate List Price54
Date06-10-2025
Price54.00
GMP0(0.00%)
Estimate List Price54
Date05-10-2025
Price54.00
GMP0(0.00%)
Estimate List Price54
Date04-10-2025
Price54.00
GMP0(0.00%)
Estimate List Price54
Date03-10-2025
Price54.00
GMP0(0.00%)
Estimate List Price54
Date02-10-2025
Price54.00
GMP1.5(2.78%)
Estimate List Price55.5
Date01-10-2025
Price54.00
GMP1.5(2.78%)
Estimate List Price55.5
Date30-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date29-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date28-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date27-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date26-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date25-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date24-09-2025
Price54.00
GMP3(5.56%)
Estimate List Price57
Date23-09-2025
Price0
GMP3(0.00%)
Estimate List Price3
IPO Important Dates
| IPO Open Date | Tue, Sep 30, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
IPO Open Date
Tue, Sep 30, 2025
IPO Close Date
Fri, Oct 3, 2025
Tentative Allotment
Mon, Oct 6, 2025
Initiation of Refunds
Tue, Oct 7, 2025
Credit of Shares to Demat
Tue, Oct 7, 2025
Tentative Listing Date
Wed, Oct 8, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Oct 3, 2025
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares4,000
Amount₹2,16,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares4,000
Amount₹2,16,000
ApplicationS-HNI (Min)
Lots3
Shares6,000
Amount₹3,24,000
ApplicationS-HNI (Max)
Lots9
Shares18,000
Amount₹9,72,000
ApplicationB-HNI (Min)
Lots10
Shares20,000
Amount₹10,80,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202575.61
31 Mar 202456.83
31 Mar 202326.75
Period EndedTotal Income
31 Mar 202564.53
31 Mar 202465.24
31 Mar 202327.34
Period EndedProfit After Tax
31 Mar 20256.11
31 Mar 20246.52
31 Mar 20231.27
Period EndedEBITDA
31 Mar 202512.71
31 Mar 20249.98
31 Mar 20233.13
Period EndedNET Worth
31 Mar 202530.33
31 Mar 202424.22
31 Mar 202314.90
Period EndedReserves and Surplus
31 Mar 202515.91
31 Mar 20249.79
31 Mar 20232.40
Period EndedTotal Borrowing
31 Mar 202522.55
31 Mar 20246.20
31 Mar 20233.93
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Valplast Technologies Limited | 4.24 | 4.24 | 21.03 | 20.16 | ||
| SRM Contractors Limited | 21.86 | 21.86 | 120.09 | 20.60 | 19.96 | 4.40 |
Company NameValplast Technologies Limited
EPS (Basic)4.24
EPS (Diluted)4.24
NAV (per share) (Rs)21.03
P/E (x)
RoNW (%)20.16
P/BV Ratio
Company NameSRM Contractors Limited
EPS (Basic)21.86
EPS (Diluted)21.86
NAV (per share) (Rs)120.09
P/E (x)20.60
RoNW (%)19.96
P/BV Ratio4.40
IPO Reservation
| Market Maker Shares Offered | 2,80,000 (5.38%) |
| QIB Shares Offered | 24,54,000 (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 (14.30%) |
| − bNII > ₹10L | 4,92,000 (9.46%) |
| − sNII < ₹10L | 2,52,000 (4.84%) |
| Retail Shares Offered | 17,24,000 (33.14%) |
| Total Shares Offered | 52,02,000 (100.00%) |
Market Maker Shares Offered
2,80,000 (5.38%)
QIB Shares Offered
24,54,000 (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 (14.30%)
− bNII > ₹10L
4,92,000 (9.46%)
− sNII < ₹10L
2,52,000 (4.84%)
Retail Shares Offered
17,24,000 (33.14%)
Total Shares Offered
52,02,000 (100.00%)
Information about 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
Objectives of IPO
The Company Valplast Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
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
Disclaimer
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