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 Date | Sep 27, 2023 |
| IPO Closing Date | Oct 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 - 140 per equity share |
| Market Lot | 105 Shares |
| Min Order Quantity | 105 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹152.46 Cr |
| Fresh Issue | ₹152.46 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Sep 27, 2023 |
| IPO Close Date | Oct 03, 2023 |
| Basis of Allotment Date | Oct 05, 2023 |
| Initiation of Refunds | Oct 06, 2023 |
| Credit of Shares to Demat Account | Oct 06, 2023 |
| IPO Listing Date | Oct 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 105 | ₹14700 |
| Maximum | 13 | 1365 | ₹191100 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.94% |
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:
- 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 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,
