Valiant Laboratories Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

27 Sep 2023

Close Date

03 Oct 2023

Allotment

05 Oct 2023

Listing Date

06 Oct 2023

Exchange

NSE & BSE

Price Band

₹140

Listing Price

See chart

Allotment Status

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Price Band

₹140

Per share

Face Value

₹10 per share

Lot Size

105 Shares

per lot

Issue Size

1,08,90,000 shares (aggregating up to ₹152.46 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,700

1 lot

Post-IPO Holding

4,34,50,000 shares

Promoters

P/E (Pre)

15.71x

EPS (Pre)

₹8.91

UPI Deadline

2023-10-03

Mandate

Anchor AllotmentTue, 26 Sep 2023

Basis of AllotmentThu, 05 Oct 2023

Refund InitiationFri, 06 Oct 2023

Demat CreditFri, 06 Oct 2023

Listing DayFri, 06 Oct 2023

UPI Mandate Deadline2023-10-03

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Valiant Laboratories Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Oct 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	10,890,000	100%	₹152.46

IPO Shares Offered

Valiant Laboratories Ltd. IPO total issue size: ₹152.46 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	10,890,000	₹152.46	100.00%

* Based on upper price band ₹140 per share

Lot Size & Investment

Lot Size

105

Shares per Lot

Issue Price

₹140.00

Upper Band

Min Investment

₹14,700

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	210	₹29,400
Retail (Max — 13 Lots)	13	1,365	₹191,100
S-HNI (Min — 14 Lots)	14	1,470	₹205,800
B-HNI (Min — 69 Lots)	69	7,245	₹1,014,300

* Issue Price ₹140 × Lot Size 105 shares

IPO Schedule

Anchor

26 Sep 2023

✓ Done

IPO Open

27 Sep 2023

✓ Done

IPO Close

03 Oct 2023

✓ Done

Allotment

05 Oct 2023

✓ Done

Refunds

06 Oct 2023

✓ Done

Demat Credit

06 Oct 2023

✓ Done

Listing Day

06 Oct 2023

✓ Done

₹140.00

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Issue ₹140.00 Live Price

About Valiant Laboratories Ltd.

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.

Objects of the Issue

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 Ltd. Financials (Amount in Crore)

Revenue from Operations

₹338.8

31 Mar 2023

₹293.5

31 Mar 2022

₹183.8

31 Mar 2021

Profit After Tax (PAT)

₹29.0

31 Mar 2023

₹27.5

31 Mar 2022

₹30.6

31 Mar 2021

Particulars	31 Mar 2021	31 Mar 2022	31 Mar 2023
Revenue from Operations	183.78	293.47	338.77
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Total Assets	106.31	181.81	212.76
Reserves & Surplus	N/A	N/A	N/A
Borrowings	0.35	60.68	59.40
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

33.73%

RoCE

22.76%

RoNW

28.86%

Debt/Equity

0.59

Issue Structure & Shareholding

Total Shares Offered1,08,90,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding4,34,50,000 shares

P/BV RatioN/A

RoE33.73%

RoCE22.76%

Debt / Equity0.59

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

valiantlaboratories.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Valiant Laboratories Ltd. IPO subscribed? ▲

Valiant Laboratories Ltd. IPO is subscribed 1.00 times by Oct 03, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Valiant Laboratories Ltd. IPO retail subscription status? ▼

The Valiant Laboratories Ltd. IPO retail category is subscribed 1.00 times as of 03 Oct 2023. The retail portion is oversubscribed.

How to subscribe Valiant Laboratories Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 27 Sep 2023 and closes 03 Oct 2023. Min investment: ₹14,700 (1 lot = 105 shares). UPI mandate: 2023-10-03.

How many times Valiant Laboratories Ltd. IPO subscribed? ▼

The Valiant Laboratories Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Valiant Laboratories Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Oct 2023. Refunds: on 06 Oct 2023.

When Valiant Laboratories Ltd. IPO will be listed? ▼

The Valiant Laboratories Ltd. IPO listing date is 06 Oct 2023, Friday. Listed on: NSE & BSE. Issue price: ₹140. Estimated listing: ₹140. GMP: NIL.

When Valiant Laboratories Ltd. IPO close? ▼

The Valiant Laboratories Ltd. IPO closes on 03 Oct 2023, Tuesday. UPI mandate: 2023-10-03. Allotment: 05 Oct 2023. Listing: 06 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹140.00

Change—

Issue Price₹140.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹140

Face Value₹10

Lot Size105 Sh

Min. Amount₹14,700

GMPNIL

Est. Listing₹140

Subscribed1.00x

Open Date27 Sep 2023

Close Date03 Oct 2023

Allotment05 Oct 2023

Listing Date06 Oct 2023

ExchangeNSE & BSE

UPI Deadline2023-10-03