Valiant Laboratories IPO Details, Price, Date, Lot Size, Financial Report

Valiant Laboratories IPO Details

Valiant Laboratories IPO opens on September 27, 2023, and closes on October 3, 2023. The IPO has a total issue size of ₹152.46 Crores, with Valiant Laboratories offering shares at a price range of ₹133 to ₹140 per share. The IPO is scheduled to be listed on the NSE SME. Valiant Laboratories IPO Basis of Allotment is on October 5, 2023. Valiant Laboratories IPO Initiation of Refunds is on October 6, 2023. Valiant Laboratories IPO Credit of Shares to Demat is on October 6, 2023. Valiant Laboratories IPO Listing Date is on October 9, 2023.

Valiant Laboratories IPO Date

Open – September 27, 2023
Close – October 3, 2023
Basis of Allotment – October 5, 2023
Refunds – October 6, 2023
A credit of Shares to Demat AC – October 6, 2023
Listing Date – October 9, 2023

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Valiant Laboratories IPO Price

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)
Offer for Sale: –
Issue Type: Book Built Issue IPO
Listing At: BSE, NSE
Shareholding Pre-Issue: 32,560,000
Shareholding Post-Issue: 43,450,000

Valiant Laboratories IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	105	₹14,700
Retail (Max)	13	1365	₹191,100
HNI (Min)	14	1470	₹205,800

Valiant Laboratories IPO Reservation

QIB Shares Offered	Not more than 50.00%
NII (HNI) Shares Offered	Not less than 15.00%
Retail Shares Offered	Not less than 35.00%
Anchor Investor Shares Offered	–
Total Shares Offered	100%

Valiant Laboratories IPO Promoter Holding

Shantilal Shivji Vora, Santosh Shantilal Vora, and Dhanvallabh Ventures LLP (DVL) are the company’s promoters.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	74.94%

Valiant Laboratories IPO Financial Report

Amount in ₹ Lakhs

Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 June 2023
Assets	106.3	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.69	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Valiant Laboratories IPO Reason for issue

The company plans to use the funds generated from the offering for the following purposes:

Investment in its wholly-owned subsidiary, Valiant Advanced Sciences Private Limited (VASPL), to partially finance the capital expenditure needed for establishing a specialty chemical manufacturing facility at Saykha Industrial Area, Bharuch, Gujarat (Proposed Facility).
Investment in VASPL to support its working capital needs.
General corporate uses.

Valiant Laboratories IPO Documentation

Company Contact Information

Valiant Laboratories Limited

Address: 104, Udyog Kshetra, Mulund Goregaon Link Road, Mulund West, Mumbai -400080
Phone: +91 2249712001
Email: complianceofficer@valiantlabs.in
Website: https://valiantlabs.in/