Valplast Technologies Ltd Share Price

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 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 the Compant has recently started construction of Tunnels PreCast 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 subcontracting 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. Over the year the Company steadily expanded the scope and completed more than 40 projects. The projects are related to Defense Railway Road Infrastructure and various sectors. Further it also increased the scale of operations by adopting a strategy of expansion across regions and has strategically expanded to geographies where there is a demand for the services.The Company is planning to float a Public Issue of upto 5202000 equity shares of face value of Rs 10 each through Fresh Issue..