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Valiant Laboratories Limited IPO Detail

Valiant Laboratories Limited IPO Detail

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 Promoters

Shantilal Shivji Vora and Dhanvallabh Ventures LLP (DVL)

IPO Details

IPO Opening DateSep 27, 2023
IPO Closing DateOct 03, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹133 - 140 per equity share
Market Lot105 Shares
Min Order Quantity105 Shares
Listing AtBSE, NSE
Issue Size₹152.46 Cr
Fresh Issue₹152.46 Cr
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.10x 0.61x - 0.33x
Day 2 0.05x 0.29x 1.28x - 0.72x
Day 3 1.04x 1.52x 3.13x - 2.19x
Day 4 20.83x 73.63x 16.04x - 29.75x

IPO Tentative Timetable

The Valiant Laboratories Limited IPO open date is Sep 27, 2023, and the close date is Oct 03, 2023. The issue may list on Oct 09, 2023.

IPO Open DateSep 27, 2023
IPO Close DateOct 03, 2023
Basis of Allotment DateOct 05, 2023
Initiation of RefundsOct 06, 2023
Credit of Shares to Demat AccountOct 06, 2023
IPO Listing DateOct 09, 2023

IPO Lot Size

The Valiant Laboratories Limited IPO market lot size is 105 shares. A retail-individual investor can apply for up to 13 lots (1365 shares or ₹191100).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding74.94%

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 106.31 183.78 30.59
31-Mar-22 181.81 293.47 27.50
31-Mar-23 212.76 338.77 29.00

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. 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).
  2. Investment in VASPL for funding its working capital requirements.
  3. General corporate purposes.

Valiant Laboratories Limited IPO Registrar:

Link Intime India Private Ltd

Valiant Laboratories Limited IPO Lead Manager(s):

Unistone Capital Pvt Ltd

Company Contact Information:

Valiant Laboratories Limited

104,Udyog Kshetra,

Mulund Goregaon Link Road,

Mulund Goregaon Link Road,