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Valplast Technol IPO
Valplast Technologies Ltd
₹1,02,000 /2000 sharesMinimum Investment
Valplast Technol IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Sep ‘25 - 3 Oct ‘25 | ₹2,04,000 | 2,000 | ₹51 - ₹54 |
| Issue Size |
|---|
| 28.09Cr |
Subscription rate
As of 30 Sep'25, 02:02 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.28x |
| Total | 0.13x |
About Valplast Technol
Founded in
2014
Managing director
Mr Sanjay Kumar
Parent organisation
Valplast Technologies Ltd
Strengths & Financials of Valplast Technol
Strengths
Risks
The company claims to continually optimise its resource utilisation through process improvements and skill development for employees. Valplast Technologies further claims to regularly analyse its material procurement and project execution strategies to identify inefficiencies and implement corrective actions, ensuring smooth operations and maximising productivity.
Valplast Technologies operates in multiple states across India, including Bihar, Kerala, and Rajasthan. The company claims that this geographic expansion increases its client base and also provides resilience against market fluctuations, allowing for business growth and adaptation to technological advancements.
The company is ISO 9001:2015 certified for its quality management system, ISO 14001:2015 certified for its environmental management system, and ISO 45001:2018 certified for its occupational health and safety management system.
As of FY25, the company had contingent liabilities amounting to Rs 16.78 crore, up from Rs 12.42 crore in FY24 and Rs 10.77 crore in FY23. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
The top five customers accounted for Rs 47.05 crore (74.40 percent) of the company’s revenue in FY25, Rs 55.24 crore (85.30 percent) in FY24, and Rs 18.35 crore (69.51 percent) in FY23. Furthermore, the top customer alone accounted for Rs 18.65 crore (29.50 percent) of the company’s revenue in FY25, Rs 43.56 crore (67.27 percent) in FY24, and Rs 7.10 crore (26.91 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from even one of these clients can adversely affect the company’s business and finances.
A significant portion of the company’s revenue is derived from Jammu and Kashmir and Andhra Pradesh. Jammu and Kashmir accounted for Rs 20.92 crore (33.07 percent) of the company’s revenue in FY25, Rs 46.30 crore (71.28 percent) in FY24, and Rs 2.20 crore (8.10 percent) in FY23. Andhra Pradesh accounted for Rs 19.79 crore (31.29 percent) of the company’s revenue in FY25, Rs 0.81 crore (1.25 percent) in FY24, and Rs 7.68 crore (28.21 percent) in FY23. Any adverse developments in the business environment of either or both of these regions could be detrimental to the company’s revenues and profitability.
A significant portion of the company’s revenue is sourced from its MEP works and waterproofing services. MEP works accounted for Rs 20.75 crore (32.80 percent) of the company’s revenue in FY25 and Rs 35.72 crore (55.01 percent) in FY24. Waterproofing services accounted for Rs 14.48 crore (22.90 percent) of the company’s revenue in FY25, Rs 16.56 crore (25.50 percent) in FY24, and Rs 16.82 crore (61.81 percent) in FY23. If the company is unable to manage or attract additional clients for these specific service segments, its business could be negatively impacted.
The company relies heavily on subcontracting for its revenue, with most projects forming a smaller part of larger contracts awarded to main contractors. If the main contractors fail to secure tenders or the company cannot obtain new subcontracts, its financial condition and growth prospects could be adversely impacted.
As of FY25, the company had trade receivables of Rs 39.15 crore, a sharp increase from Rs 27.01 crore in FY24 and Rs 13.04 crore in FY23. Delays or failures in collecting these receivables could harm the company’s business and overall financial health.
The top five suppliers accounted for Rs 10.72 crore (42.37 percent) of the company’s total purchases in FY25, Rs 14.41 crore (49.74 percent) in FY24, and Rs 5.54 crore (39.95 percent) in FY23. Furthermore, the top supplier alone accounted for Rs 5.31 crore (20.98 percent) of the company’s total purchases in FY25, Rs 5.08 crore (17.54 percent) in FY24, and Rs 1.79 crore (12.91 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company, its promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Valplast Technol Financials
*All values are in Rs. Cr
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Application Details of Valplast Technol IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹51 - 54 | ₹2 - 5 Lakh |
For Valplast Technol IPO, eligible investors can apply as Individual investor.