Valplast Technologies Ltd IPO
Status:
Overview
IPO date
30 Sept 2025 to 03 Oct 2025
Face value
₹ 10 per share
Price
₹ 51 to ₹54 per share
Issue Size
5,202,000 shares
(aggregating up to ₹ 28.09 Cr)
(aggregating up to ₹ 28.09 Cr)
Allotment Date
06 Oct 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Objectives of Valplast Technologies Ltd IPO
Valplast Technologies Ltd IPO Strategy
About Valplast Technologies Ltd
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T&C*
Strengths vs Risks of Valplast Technologies Ltd
Know the pros & cons
Strengths
Strong Management Team and Experienced Staff/ Trained Employees.- Optimal Utilization of Resources.
- Diversified revenue from multiple geographies.
Risks
- Our Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in such
proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our company has experienced losses in the past and has pending recoveries for which we have initiated litigation
that is still ongoing. Any adverse decision in such proceedings may have a material adverse effect on our business,
results of operations and financial condition.
- Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial
conditions.
- Substantial portion of our revenues has been dependent upon our few clients from which we get the majority of
project on sub-contract basis. The loss of any one or more of our major clients would have a material adverse
effect on our business operations and profitability.
- Our top five states contribute our major revenue for the year ended 31st March 2025, 2024, and 2023. Any loss of
business from one or more of these states may adversely affect our revenues and profitability.
- Our major revenue is sourced from our Waterproofing Services, Construction of Tunnels and Mechanical,
Electrical & Plumbing (MEP) Works. Our inability or failure to manage and attract more clients for this
particular service could adversely affect our business.
- Our Company is dependent on third parties for the supply of raw materials required for our projects and is exposed
to risks relating to fluctuations in commodity prices and shortage of raw material. Further, we do not have any
long-term supply agreements with the raw material providers.
- Our Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such noncompliances
/ lapses may attract penalties and prosecution against the Company and its directors which could
impact on the financial position of the Company to that extent.
- Our Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act,
Income Tax and other applicable laws in previous years.
- We derive majority of revenue from undertaking projects on sub-contracting basis and our financial condition
would be materially and adversely affected if we fail to obtain new sub-contracts or direct contracts or our current
contracts are terminated.
- Our Company requires a significant amount of working capital for a continuing growth. Our inability to meet
our working capital requirements may adversely affect our results of operations.
- We do not own the registered office and other offices from where we carry out our business activities. Any dispute
in relation to use of the premises could have a material adverse effect on our business and results of operations.
- We have in the past entered into related party transactions and we may continue to do so in the future.
- Our Top 10 Suppliers contribute a significant portion of our raw material consumption during the current and
previous financial years. Any dispute with one or more of them may adversely affect our business operations.
- Our Company had negative cash flow in the past years, details of which are given below. Sustained negative cash
flow could impact on our growth and business.
- Our company have defaulted in compliance reporting under the Foreign Exchange Management Act 1999 during
the amalgamation with Marti India Private Limited and certain annual filings.
- Our Promoters and members of Promoter Group have mortgaged their personal properties and provided personal
guarantees for our borrowings to secure our loans. Further, an interest on collateral security has been paid to
them in consideration for the properties mortgaged. Our business, financial condition, results of operations, cash
flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided
by our Promoters and members of Promoter Group in connection with our Company's borrowings.
- For securing certain projects, our company has to provide bank guarantees to our clients. Failing to secure these
guarantees or the activation of such guarantees has the potential to negatively impact our cash flows and financial
standing.
- Our business is exposed to significant risks, including catastrophic incidents like tunnel collapses, which can lead
to legal liabilities, financial losses, and reputational damage to our company. Additionally, we do not carry
insurance for our projects, relying instead on coverage obtained by the main contractor.
- Our company relied on other parties for the transportation of raw materials and Pre caste concrete elements/
structure to the required site. Any disruption in these services due to factors such as fuel price fluctuations, or
logistical inefficiencies could adversely impact our project timelines, cost management, and overall operational
efficiency.
- The Company is yet to place orders for 100% of the plant & machineries for our proposed object, as specified in
the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay our
implementation schedule and may also lead to increase in price of these plant & machineries, further affecting
our revenue and profitability
- Our business is seasonal in nature and depends upon the weather condition of the project sites. Adverse weather
conditions may lead to disruptions and work stoppages in the work ultimately causes delay in work completion.
- Our company does not have obtained work completion certificates for most of our completed projects secured
from private clients. Reliance has been placed on the declarations, information, work orders, invoices and TDS
returns available with our company for the completed projects included in this Red Herring Prospectus.
- Our on-going and our future projects are exposed to various implementation risks & uncertainties and may be
delayed, modified or cancelled for reasons beyond our control which may materially and adversely affect our
business, reputation, profitability, financial condition and results of operation.
- Our inability to effectively manage project execution may lead to project delays or their termination which may
adversely affect our business and results of operations.
- We have limited experience in construction of Tunnels, Pre-cast Concrete structures and MEP (Mechanical
Engineering and Plumbing) Services in Tunnels and other underground structures. If we are unable to
successfully manage our growth, our business, prospects, financial condition and results of operations could be
adversely affected.
- We are dependent upon the experience and skill of our promoter, management team and key managerial
personnel and senior management personnel. The loss of our Promoter or our inability to attract or retain such
qualified personnel could adversely affect our business, results of operations and financial condition.
- Our results of operations and cash flows could be adversely affected, if we are unable to collect our dues and
receivables from, or invoice our unbilled services to, or retention money to our clients.
- Our industry is labour intensive, and our business operations may be materially adversely affected by strikes, work
stoppages or increased wage demands by our employees or those of our suppliers.
- We may be unable to identify or acquire new projects and our bids for new projects may not always be successful,
which may stunt our business growth.
- We enter into various contract / sub-contract agreements with our customers or primary contractors for our civil
construction projects. Such agreements contain conditions and requirements, the non-fulfilment of which could
result in delays or inability to implement and complete our projects as contemplated.
- The nature of our business exposes us to liability claims and contract disputes and our indemnities may not
adequately protect us. Any liability in excess of our reserves or indemnities could result in additional costs, which
would reduce our profits.
- Our business is dependent on the performance of infrastructure and other related industries. Uncertainty
regarding the infrastructure sector, economic conditions and other factors beyond our control could adversely
affect demand for our services, our costs of doing business and our financial performance.
- The sector in which we operate is capital intensive in nature. We require substantial financing for our business
operations and the failure to obtain additional financing on terms commercially acceptable to us may adversely
affect our ability to grow and our future profitability.
- Our insurance policy may not be adequate to cover all the losses which a business could incur. Any inability to
maintain adequate cover from material adverse incidents may adversely affect our operation and profitability.
- We are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate
our business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and
approvals could result in an adverse effect on our results of operations.
- Our inability to identify and understand evolving industry trends, technological advancements, client preferences
and develop new services to meet our client's demands may adversely affect our business.
- We have incurred indebtedness which exposes us to various risks which may have an adverse effect on our
business and results of operations.
- Our lenders have charge over our movable properties in respect of finance availed by us.
- Our customers have a right to cancel the contract by giving minimal notice on the occurrence of certain events.
Any such cancellation may adversely affect our business, financial condition and results of operations.
- The intellectual Property Rights used by our company are registered in the name of our company, But any
infringement of third-party intellectual property rights or failure to protect our intellectual property rights may
adversely affect our business.
- Our projects are exposed to various implementation and other risks, including risks of time and cost overruns,
and uncertainties, which may adversely affect our business, financial condition, results of operations, and
prospects.
- Our inability to effectively manage our growth could have an adverse effect on our business, results of operations
and financial condition.
- Our Company has obtained unsecured loans amounting to Rs. 146.13 Lakhs that may be recalled by the lenders
at any time.
- We will continue to be controlled by our Promoters after the completion of the Issue.
- Adverse publicity regarding our services could negatively impact us.
- Our ability to pay dividends in the future will depend on our earnings, financial condition, working capital
requirements, capital expenditures and restrictive covenants of our financing arrangements.
- The average cost of acquisition of Equity Shares by our Promoters could be lower than the issue price.
- Our marketing and advertising activities may not be successful in increasing the popularity of our Company
among customers. If our marketing or advertising initiatives are not effective, this may affect the popularity of
our Company.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial
institution. Any variation between the estimation and actual expenditure as estimated by the management could
result in execution delays or influence our profitability adversely.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of
BSE Limited in a timely manner or at all.
- Any future issuance of Equity Shares, or convertible securities or other equity linked securities by us and any sale
of Equity Shares by our significant shareholders may dilute your shareholding and adversely affect the trading
price of the Equity Shares.
- We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the
required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the
Issue and the market price of our Equity Shares may decline below the issue price and you may not be able to sell
your Equity Shares at or above the Issue Price.
- Investors other than Individual Investors (including non-institutional investors, QIBs and Corporate Bodies) are
not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an application and he Individual Investors applying for minimum application size are not
permitted to withdraw their Bids after closure of the Bid/ Issue Closing Date.
- Industry information included in this Red Herring Prospectus has been derived from various industry reports
from various websites including research done by our company. The reliability on the forecasts of the reports
could be incorrect and would significantly impact our operations.
- Significant differences exist between Ind AS and other accounting principles, such as Indian GAAP, IFRS and
U.S. GAAP, which may be material to investors' assessments of our financial condition, result of operations and
cash flows.
- Our Company's future funding requirements, in the form of further issue of capital or other securities and/or
loans that might be availed by us, may turn out to be prejudicial to the interest of the shareholders depending
upon the terms and conditions on which they are raised.
- Equity Shares of our Company have never been publicly traded, and after the Issue, the Equity Shares may be
subject to price and volume fluctuations, and an active trading market for the Equity Shares may or may not
develop. Further, the Issue Price may not be indicative of the market price of the Equity Shares after the Issue.
- You may be subject to Indian taxes arising out of capital gains on the sale of our Equity Shares.
- QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of
Equity Shares or the Bid Amount) at any stage after the submission of their Bid, and Individual Investors are not
permitted to withdraw their Bids after closure of the Bid/ Issue Closing Date.
- Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase
in the Issue.
- Holders of Equity Shares may be restricted in their ability to exercise pre-emptive rights under Indian law and
thereby may suffer future dilution of their ownership position.
- A third-party could be prevented from acquiring control of us post this Issue, because of anti-takeover provisions
under Indian law.
Valplast Technologies Ltd Peer Comparison
Understand the company’s industry standing
Valplast Technologies Ltd
Face Value
10
Standalone / Consolidated
Consolidated
Total Income Rs. Cr.
6.1118
EPS-Basis
4.24
EPS-Diluted
4.24
NAV Per Share
---
P/E-Basic EPS
---
P/E-Diluted EPS
---
RONW(%)
---
Latest NAV Period
---
Latest NAV
---
How to check the allotment status of Valplast Technologies Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
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The IPO opens on 30 Sept 2025 & closes on 03 Oct 2025.
Valplast Technologies Limited was originally incorporated on January 10, 2014 as Renesco India Private Limited' as Private Limited Company. Subsequently, the Company name was changed from 'Renesco India Private Limited' to 'Valplast Technologies Private Limited' vide a fresh Certificate of Incorporation dated January 01, 2021. Thereafter, the status of the Company got converted from Private Limited to Public Limited on August 18, 2023 and the name was changed from 'Valplast Technologies Private Limited' to 'Valplast Technologies Limited' vide fresh Certificate of Incorporation on August 18, 2023, issued by the Registrar of Companies, Delhi.
Valplast Technologies is a civil engineering & construction company engaged in providing supply and installation of structural waterproofing system, injection grouting solutions for various type of infrastructure projects including underground structures, tunnels, landfills, dam, channel, shafts, canal, reservoirs, building and various other civil engineering projects. Further, the Company has recently started construction of Tunnels, Pre-Cast Concrete structures and Mechanical, Electrical & Plumbing (MEP) engineering services in tunnels and underground structures. It undertake construction projects particularly in sectors such as Defense, railway, Civil structures etc. The majority of service includes civil & structural construction services contracts under sub-contracting by main contractors, who have been allotted the project by a principal employer. Further, it has undertaken a few projects directly as a Contractor for certain private construction companies and government departments.
Following the Scheme of Amalgamation filed between Marti India Private Limited and the Company in 2020, the entire business undertaking of Marti India Private Limited was transferred to the Company as a going concern and the merger was given effect on March 03, 2020.
The Company floated a public issue of 52,02,000 equity shares of face value of Rs 10 by raising Rs 28.09 crores in October, 2025.
The Company has started construction of tunnels, Pre-Cast Concrete structures and Mechanical, Electrical & Plumbing (MEP) engineering services in tunnels and underground structures in FY 2025.
Valplast Technologies Ltd IPO will close on 03 Oct 2025.
- Strong Management Team and Experienced Staff/ Trained Employees.
- Optimal Utilization of Resources.
- Diversified revenue from multiple geographies.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Sanjay Kumar | 7499966 | 51.99 | 7499966 | 38.21 |
| 2 | Rajeev Tyagi | 4999897 | 34.66 | 4999897 | 25.47 |
| 3 | Madhunita | --- | --- | --- | --- |
- Our Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our company has experienced losses in the past and has pending recoveries for which we have initiated litigation that is still ongoing. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial conditions.
- Substantial portion of our revenues has been dependent upon our few clients from which we get the majority of project on sub-contract basis. The loss of any one or more of our major clients would have a material adverse effect on our business operations and profitability.
- Our top five states contribute our major revenue for the year ended 31st March 2025, 2024, and 2023. Any loss of business from one or more of these states may adversely affect our revenues and profitability.
- Our major revenue is sourced from our Waterproofing Services, Construction of Tunnels and Mechanical, Electrical & Plumbing (MEP) Works. Our inability or failure to manage and attract more clients for this particular service could adversely affect our business.
- Our Company is dependent on third parties for the supply of raw materials required for our projects and is exposed to risks relating to fluctuations in commodity prices and shortage of raw material. Further, we do not have any long-term supply agreements with the raw material providers.
- Our Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such noncompliances / lapses may attract penalties and prosecution against the Company and its directors which could impact on the financial position of the Company to that extent.
- Our Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act, Income Tax and other applicable laws in previous years.
- We derive majority of revenue from undertaking projects on sub-contracting basis and our financial condition would be materially and adversely affected if we fail to obtain new sub-contracts or direct contracts or our current contracts are terminated.
- Our Company requires a significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- We do not own the registered office and other offices from where we carry out our business activities. Any dispute in relation to use of the premises could have a material adverse effect on our business and results of operations.
- We have in the past entered into related party transactions and we may continue to do so in the future.
- Our Top 10 Suppliers contribute a significant portion of our raw material consumption during the current and previous financial years. Any dispute with one or more of them may adversely affect our business operations.
- Our Company had negative cash flow in the past years, details of which are given below. Sustained negative cash flow could impact on our growth and business.
- Our company have defaulted in compliance reporting under the Foreign Exchange Management Act 1999 during the amalgamation with Marti India Private Limited and certain annual filings.
- Our Promoters and members of Promoter Group have mortgaged their personal properties and provided personal guarantees for our borrowings to secure our loans. Further, an interest on collateral security has been paid to them in consideration for the properties mortgaged. Our business, financial condition, results of operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided by our Promoters and members of Promoter Group in connection with our Company's borrowings.
- For securing certain projects, our company has to provide bank guarantees to our clients. Failing to secure these guarantees or the activation of such guarantees has the potential to negatively impact our cash flows and financial standing.
- Our business is exposed to significant risks, including catastrophic incidents like tunnel collapses, which can lead to legal liabilities, financial losses, and reputational damage to our company. Additionally, we do not carry insurance for our projects, relying instead on coverage obtained by the main contractor.
- Our company relied on other parties for the transportation of raw materials and Pre caste concrete elements/ structure to the required site. Any disruption in these services due to factors such as fuel price fluctuations, or logistical inefficiencies could adversely impact our project timelines, cost management, and overall operational efficiency.
- The Company is yet to place orders for 100% of the plant & machineries for our proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay our implementation schedule and may also lead to increase in price of these plant & machineries, further affecting our revenue and profitability
- Our business is seasonal in nature and depends upon the weather condition of the project sites. Adverse weather conditions may lead to disruptions and work stoppages in the work ultimately causes delay in work completion.
- Our company does not have obtained work completion certificates for most of our completed projects secured from private clients. Reliance has been placed on the declarations, information, work orders, invoices and TDS returns available with our company for the completed projects included in this Red Herring Prospectus.
- Our on-going and our future projects are exposed to various implementation risks & uncertainties and may be delayed, modified or cancelled for reasons beyond our control which may materially and adversely affect our business, reputation, profitability, financial condition and results of operation.
- Our inability to effectively manage project execution may lead to project delays or their termination which may adversely affect our business and results of operations.
- We have limited experience in construction of Tunnels, Pre-cast Concrete structures and MEP (Mechanical Engineering and Plumbing) Services in Tunnels and other underground structures. If we are unable to successfully manage our growth, our business, prospects, financial condition and results of operations could be adversely affected.
- We are dependent upon the experience and skill of our promoter, management team and key managerial personnel and senior management personnel. The loss of our Promoter or our inability to attract or retain such qualified personnel could adversely affect our business, results of operations and financial condition.
- Our results of operations and cash flows could be adversely affected, if we are unable to collect our dues and receivables from, or invoice our unbilled services to, or retention money to our clients.
- Our industry is labour intensive, and our business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by our employees or those of our suppliers.
- We may be unable to identify or acquire new projects and our bids for new projects may not always be successful, which may stunt our business growth.
- We enter into various contract / sub-contract agreements with our customers or primary contractors for our civil construction projects. Such agreements contain conditions and requirements, the non-fulfilment of which could result in delays or inability to implement and complete our projects as contemplated.
- The nature of our business exposes us to liability claims and contract disputes and our indemnities may not adequately protect us. Any liability in excess of our reserves or indemnities could result in additional costs, which would reduce our profits.
- Our business is dependent on the performance of infrastructure and other related industries. Uncertainty regarding the infrastructure sector, economic conditions and other factors beyond our control could adversely affect demand for our services, our costs of doing business and our financial performance.
- The sector in which we operate is capital intensive in nature. We require substantial financing for our business operations and the failure to obtain additional financing on terms commercially acceptable to us may adversely affect our ability to grow and our future profitability.
- Our insurance policy may not be adequate to cover all the losses which a business could incur. Any inability to maintain adequate cover from material adverse incidents may adversely affect our operation and profitability.
- We are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate our business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on our results of operations.
- Our inability to identify and understand evolving industry trends, technological advancements, client preferences and develop new services to meet our client's demands may adversely affect our business.
- We have incurred indebtedness which exposes us to various risks which may have an adverse effect on our business and results of operations.
- Our lenders have charge over our movable properties in respect of finance availed by us.
- Our customers have a right to cancel the contract by giving minimal notice on the occurrence of certain events. Any such cancellation may adversely affect our business, financial condition and results of operations.
- The intellectual Property Rights used by our company are registered in the name of our company, But any infringement of third-party intellectual property rights or failure to protect our intellectual property rights may adversely affect our business.
- Our projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect our business, financial condition, results of operations, and prospects.
- Our inability to effectively manage our growth could have an adverse effect on our business, results of operations and financial condition.
- Our Company has obtained unsecured loans amounting to Rs. 146.13 Lakhs that may be recalled by the lenders at any time.
- We will continue to be controlled by our Promoters after the completion of the Issue.
- Adverse publicity regarding our services could negatively impact us.
- Our ability to pay dividends in the future will depend on our earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of our financing arrangements.
- The average cost of acquisition of Equity Shares by our Promoters could be lower than the issue price.
- Our marketing and advertising activities may not be successful in increasing the popularity of our Company among customers. If our marketing or advertising initiatives are not effective, this may affect the popularity of our Company.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence our profitability adversely.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- Any future issuance of Equity Shares, or convertible securities or other equity linked securities by us and any sale of Equity Shares by our significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Investors other than Individual Investors (including non-institutional investors, QIBs and Corporate Bodies) are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an application and he Individual Investors applying for minimum application size are not permitted to withdraw their Bids after closure of the Bid/ Issue Closing Date.
- Industry information included in this Red Herring Prospectus has been derived from various industry reports from various websites including research done by our company. The reliability on the forecasts of the reports could be incorrect and would significantly impact our operations.
- Significant differences exist between Ind AS and other accounting principles, such as Indian GAAP, IFRS and U.S. GAAP, which may be material to investors' assessments of our financial condition, result of operations and cash flows.
- Our Company's future funding requirements, in the form of further issue of capital or other securities and/or loans that might be availed by us, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- Equity Shares of our Company have never been publicly traded, and after the Issue, the Equity Shares may be subject to price and volume fluctuations, and an active trading market for the Equity Shares may or may not develop. Further, the Issue Price may not be indicative of the market price of the Equity Shares after the Issue.
- You may be subject to Indian taxes arising out of capital gains on the sale of our Equity Shares.
- QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after the submission of their Bid, and Individual Investors are not permitted to withdraw their Bids after closure of the Bid/ Issue Closing Date.
- Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- Holders of Equity Shares may be restricted in their ability to exercise pre-emptive rights under Indian law and thereby may suffer future dilution of their ownership position.
- A third-party could be prevented from acquiring control of us post this Issue, because of anti-takeover provisions under Indian law.
The Issue type of Valplast Technologies Ltd is Book Building - SME.
The minimum application for shares of Valplast Technologies Ltd is 4000.
The total shares issue of Valplast Technologies Ltd is 5202000.
Public issue of up to 52,02,000 equity shares of face value Rs. 10 each (Equity Shares) of Valplast Technologies Limited (the Company or the Issuer or "V T L" ) for cash at a price of Rs. 54 per equity share (Including a Securities Premium of Rs. 44 Per Equity Share) (Issue Price), aggregating up to
Rs. 28.09 crores (the Issue). 2,80,000 equity shares aggregating to Rs. 1.51 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 49,22,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 54 per equity share aggregating to Rs. 26.58 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.50% and 25.08% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 51/- to Rs. 54/- for equity share of face value of Rs. 10 each.
The floor price is 5.10 times times the face value and cap price is 5.40 times of the face value of the equity shares.
Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.