Valplast Technologies Ltd. IPO

The Company was originally incorporated as ‘Renesco India Private Limited’ in Delhi as a subsidiary of a Foreign Company as Private Limited Company under the Companies Act, 1956 pursuant to a certificate of incorporation dated January 10, 2014, issued by the Registrar of Companies, ... Delhi and Haryana. Subsequently, pursuant to shareholder’s resolution passed at the Extra Ordinary General Meeting held on December 21, 2020, the name of the company was changed from “Renesco India Private Limited” to “Valplast Technologies Private Limited” vide a fresh certificate of incorporation dated January 01, 2021, issued by the Registrar of Companies, Kanpur. Thereafter, the Company was converted from private limited to public limited and the name of the Company was changed from “Valplast Technologies Private Limited” to “Valplast Technologies Limited” vide fresh certificate of incorporation dated August 18, 2023, issued by the Registrar of Companies, Delhi (the “RoC”). The Corporate Identification Number of the Company was U45400HR2014FLC094931. Further, pursuant to the email dated September 26, 2023, and January 11, 2024, to Registrar of companies, Delhi, the CIN number has been changed to U45400HR2014PLC094931. Incorporated in 2014, we are 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, we have recently started construction of Tunnels, Pre-Cast Concrete structures and Mechanical, Electrical & Plumbing (MEP) engineering services in tunnels and underground structures. We undertake a range of construction projects particularly in sectors such as Defense, railway, Civil structures etc. The majority of the service includes civil & structural construction services contracts under sub-contracting by main contractors, who have been allotted the project by a principal employer. Further, we have undertaken a few projects directly as a Contractor for certain private construction companies and government departments. We have a presence (including past operation) in 9 states across the country. Over the year, we have steadily expanded the execution capabilities and successfully completed more than 40 projects. The projects are related to Defense, Railway, Road Infrastructure and various sectors. Further, we have increased the scale of the operations by adopting a strategy of expansion across regions and have strategically expanded to geographies where there is a demand for the services. We believe that the growth and development of the Company during the past years has been the result of the client-centric approach. The main focus and vision is to sustain profitable growth by executing projects in time to the satisfaction of the clients. Read more

The information in this section has been extracted from various websites and publicly available documents from various
industry stheces. The data may have been re-classified by us for the purpose of presentation. None of the Company and
any other person connected with the Issue have ... independently verified this information. Industry stheces and publications generally state that the information contained therein has been obtained from believed to be reliable, but their accuracy, completeness and underlying assumptions are not guaranteed, and their reliability cannot be assured. Industry stheces and publications are also prepared based on information as of specific dates and may no longer be current or reflect current trends. Industry stheces and publications may also base their information on estimates, projection forecasts and assumptions that may prove to be incorrect. Accordingly, investors should not place undue reliance on information. Read more