Valiant Laboratories Limited IPO (Valiant Laboratories IPO) Detail
Valiant Laboratories IPO is a book built issue of Rs 152.46 crores. The issue is entirely a fresh issue of 1.09 crore shares.
Valiant Laboratories IPO bidding opened for subscription on September 27, 2023 and will close on October 3, 2023. The allotment for the Valiant Laboratories IPO is expected to be finalized on Thursday, October 5, 2023. Valiant Laboratories IPO will list on BSE, NSE with tentative listing date fixed as Monday, October 9, 2023.
Valiant Laboratories IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 105 Shares. The minimum amount of investment required by retail investors is ₹14,700. The minimum lot size investment for sNII is 14 lots (1,470 shares), amounting to ₹205,800, and for bNII, it is 69 lots (7,245 shares), amounting to ₹1,014,300.
Unistone Capital Pvt Ltd is the book running lead manager of the Valiant Laboratories IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Valiant Laboratories IPO RHP for detailed information.
Valiant Laboratories IPO Details
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 105 Shares |
| Total Issue Size | 10,890,000 shares (aggregating up to ₹152.46 Cr) |
| Fresh Issue | 10,890,000 shares (aggregating up to ₹152.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 32,560,000 |
| Share holding post issue | 43,450,000 |
Valiant Laboratories IPO Reservation
Valiant Laboratories IPO a total of 10,890,000 shares are offered. QIB: 2,178,030 (20.00%), RII: 3,811,500 (35.00%), NII: 1,633,500 (15.00%).
| Anchor Investor Shares Offered | 3,266,970 (30.00%) |
| QIB Shares Offered | 2,178,030 (20.00%) |
| NII (HNI) Shares Offered | 1,633,500 (15.00%) |
| Retail Shares Offered | 3,811,500 (35.00%) |
| Total Shares Offered | 10,890,000 (100%) |
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Valiant Laboratories IPO Anchor Investors Details
Valiant Laboratories IPO raises Rs 45.74 crore from anchor investors. Valiant Laboratories IPO Anchor bid date is September 26, 2023. Valiant Laboratories IPO Anchor Investors list
| Bid Date | September 26, 2023 |
| Shares Offered | 3,266,970 |
| Anchor Portion Size (In Cr.) | 45.74 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 20, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 14, 2024 |
Valiant Laboratories IPO Timeline (Tentative Schedule)
Valiant Laboratories IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Thursday, October 5, 2023 |
| Initiation of Refunds | Friday, October 6, 2023 |
| Credit of Shares to Demat | Friday, October 6, 2023 |
| Listing Date | Monday, October 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Valiant Laboratories IPO Lot Size
Investors can bid for a minimum of 105 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 105 | ₹14,700 |
| Retail (Max) | 13 | 1365 | ₹191,100 |
| S-HNI (Min) | 14 | 1,470 | ₹205,800 |
| S-HNI (Max) | 68 | 7,140 | ₹999,600 |
| B-HNI (Min) | 69 | 7,245 | ₹1,014,300 |
| Lot Size Calculator | |||
Valiant Laboratories IPO Promoter Holding
Shantilal Shivji Vora, Santosh Shantilal Vora, and Dhanvallabh Ventures LLP (DVL) are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 74.94% |
About Valiant Laboratories Limited
Incorporated in 1980, Valiant Laboratories Limited is a pharmaceutical ingredient manufacturing company in India having focuses on manufacturing Paracetamol.
The company's manufacturing unit is located in Palghar, Maharashtra, spread across 2,000 sq. mts. of land with an aggregate annual total installed capacity of 9,000 MT per annum. Valiant Laboratories also has an R&D Facility, equipped with an analytical laboratory and infrastructure for developmental activities in existing products.
For the Fiscal 2023, Fiscal 2022 and Fiscal 2021, Valiant Laboratories revenue from operations was Rs. 3,339.10 million, Rs. 2,915.23 million and Rs. 1,823.69 million, respectively.
Valiant Laboratories Limited imports Para Amino Phenol, being the raw material for the manufacture of Paracetamol from China and Cambodia.
As of April 30, 2023, Valiant Laboratories has 86 employees.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 106.31 | 181.81 | 212.76 |
| Revenue | 183.78 | 293.47 | 338.77 |
| Profit After Tax | 30.59 | 27.50 | 29.00 |
| Net Worth | 88.58 | 71.46 | 100.49 |
| Reserves and Surplus | |||
| Total Borrowing | 0.35 | 60.68 | 59.40 |
Key Performance Indicator
Valiant Laboratories IPO Market Cap is Rs 608.3 Cr and P/E (x) is 15.71.
| KPI | Values |
|---|---|
| P/E (x) | 15.71 |
| Market Cap (₹ Cr.) | 608.3 |
| ROE | 33.73% |
| ROCE | 22.76% |
| Debt/Equity | 0.59 |
| EPS (Rs) | 8.91 |
| RoNW | 28.86% |
Objects of the Issue (Valiant Laboratories IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Investment in its wholly-owned subsidiary, Valiant Advanced Sciences Private Limited (VASPL) for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for specialty chemicals at Saykha Industrial Area, Bharuch, Bharuch, Gujarat (Proposed Facility).
- Investment in VASPL for funding its working capital requirements.
- General corporate purposes.
Valiant Laboratories IPO Subscription Status (Bidding Detail)
The Valiant Laboratories IPO is subscribed 0.72 times on Sep 28, 2023 7:02:00 PM. The public issue subscribed 1.29 times in the retail category, 0.05 times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.05 |
| NII | 0.29 |
| bNII (bids above ₹10L) | 0.16 |
| sNII (bids below ₹10L) | 0.56 |
| Retail | 1.29 |
| Total | 0.72 |
Total Application : 36,202 (1.00 times)
Valiant Laboratories IPO Prospectus
Valiant Laboratories IPO Rating
Valiant Laboratories IPO Contact Details
Valiant Laboratories Limited
104,Udyog Kshetra,
Mulund Goregaon Link Road,
Mulund West, Mumbai -400080
Phone: +91 2249712001
Email: complianceofficer@valiantlabs.in
Website: https://valiantlabs.in/
Valiant Laboratories IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: valiantlaboratories.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Valiant Laboratories IPO - Buy or Not
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Valiant Laboratories IPO FAQs
Valiant Laboratories IPO is a main-board IPO of 10,890,000 equity shares of the face value of ₹10 aggregating up to ₹152.46 Crores. The issue is priced at ₹133 to ₹140 per share. The minimum order quantity is 105 Shares.
The IPO opens on September 27, 2023, and closes on October 3, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Valiant Laboratories IPO using UPI as a payment gateway. Zerodha customers can apply in Valiant Laboratories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Valiant Laboratories IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'Valiant Laboratories IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The Valiant Laboratories IPO opens on September 27, 2023 and closes on October 3, 2023.
Valiant Laboratories IPO lot size is 105 Shares, and the minimum amount required is ₹14,700.
You can apply in Valiant Laboratories IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Valiant Laboratories IPO will be done on Thursday, October 5, 2023, and the allotted shares will be credited to your demat account by Friday, October 6, 2023. Check the Valiant Laboratories IPO allotment status.
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