IPO Details

Bidding Dates

27 Sep '23 - 03 Oct '23

Minimum Investment

₹14,700 / 1 Lots ( 105 Shares )

Price Range

₹133 - ₹140

Maximum Investment

₹191,100 / 13 Lots ( 1365 Shares )

Retail Discount

Not Applicable

Issue Size

₹152.46 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 27, 2023

IPO Closing Date

Oct 3, 2023

Basis of Allotment

Oct 5, 2023

Initiation of Refunds

Oct 6, 2023

Credit of Shares to Demat Account

Oct 6, 2023

IPO Listing Date

Oct 9, 2023

UPI Mandatory Expiry Date

Oct 3, 2023

Valiant Laboratories IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 27, 2023

 0.00 0.10 0.62 0.33

Day 2Sep 28, 2023

 0.05 0.29 1.29 0.72

Day 3Sep 29, 2023

 0.05 0.30 1.33 0.74

Valiant Laboratories IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 0.05
Non-Institutional Buyers 0.30
Retail Investors 1.33
Total 0.74

About Valiant Laboratories Ltd

Formed in 1980, Valiant Laboratories Limited (VLL) is an Active Pharmaceutical Ingredient (API) company that manufactures Paracetamol. The company has a manufacturing facility in Palghar, Maharashtra and also has an R&D facility that is equipped with an analytical laboratory and infrastructure for ongoing product developmental activities. The wholly-owned subsidiary of the VLL, Valiant Advanced Sciences Private Limited (VASPL), was incorporated on July 8, 2022. The subsidiary was set up as a strategic move to broaden its scope into different chemical sectors. 

VASPL manufactures ketene and diketene derivative products. A new manufacturing facility is planned for construction on vacant land located in Gujarat. The land was taken on a lease term. The proposed facility is located close to Hazira and Kandla ports in Gujarat. The main raw material needed to manufacture VASPL’s products includes acetic acid, which can be sourced from both domestic and international markets. 

The Indian market for ketene, diketene and derivatives is expected to grow at 6-7% CAGR to USD 330-340 million by FY 2025. The market for only diketene and diketene derivatives is expected to rise at 6-7% CAGR, reaching USD 210-220 million by FY 2025. India’s annual diketene consumption is around ~28,000 tons, where ~40% is imported from China, the USA and Europe. The new manufacturing unit from VASPL can reduce the imports from other countries and give VASPL business opportunities. 

Valiant Laboratories Limited IPO Details

Valiant Laboratories Limited IPO Date 

Valiant Laboratories IPO will open on September 27, 2023, and close on October 3, 2023.The IPO will be listed on the NSE and BSE exchanges on October 9, 2023.

Valiant Laboratories Limited IPO Price Band

Valiant Laboratories is a fresh IPO. The issue comprises 1,08,90,000 equity shares and is priced at ₹133 to ₹140 per share. 

Valiant Laboratories Limited IPO Lot Size

Valiant Laboratories IPO lot size is 105 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹14,700. 

Valiant Laboratories Limited IPO Objectives 

The objectives of Valiant Laboratories Limited's IPO are listed below:

  • To fund the working capital requirement of the company.
  • To meet general corporate purposes.
  • To fund the capital expenditure requirements to set up the subsidiary’s manufacturing facility in Gujarat.

Peer Details

As per DRHP, the listed companies in India that are involved in a similar business to that of Valiant Laboratories are Granules India Limited, Jagsonpal Pharmaceuticals Limited, Alkyl Amines Chemicals Limited, and Laxmi Organic Industries Limited.

How To Check the Valiant Laboratories Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Valiant Laboratories Limited IPO.

Contact Details of Valiant Laboratories Limited IPO

  • Registered office: 104, Udyog Kshetra, Mulund Goregaon LinkRoad, Mulund West, Mumbai - 400080, Maharashtra.
  • Phone: +912249712001 
  • E-mail:complianceofficer@valiantlabs.in

Valiant Laboratories Ltd Company Financials

Particulars FY23 ( ₹ in million ) FY22 ( ₹ in million ) FY21 ( ₹ in million )
Total Income 3387.72 2,934.72 1,837.81
Profit After Tax 289.98 274.96 305.93
Net Worth 1,004.90 714.60 885.82
Earnings Per Share (in ₹) 8.91 9.52 10.83
Total Borrowings 594 606.81 3.51

Know before investing

Strengths

2

  1. The company displays a strong financial performance where the restated profit after tax grew at a CAGR of 26.81% to ₹289.98 million between FY 2017 and FY 2023.

  2. Eventually, year by year, the company is reducing its dependence on imported raw materials like Para Amino Phenol from Cambodia and China to manufacture Paracetamol. In FY 2021, the company imported 74.86% of the total raw material purchase, which was reduced to 11.87% in FY 2023.

Risks

2

  1. The company manufactures only a single product, i.e., paracetamol. Any decline in the demand for the product will adversely affect the company.

  2. The company operates from only a single manufacturing unit. Any social, political or economic disruptions in the region can adversely impact the operations of the company.

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Valiant Laboratories Ltd IPO FAQs

What is Valiant Laboratories Limited's IPO?

The Valiant Laboratories Ltd IPO is a fresh IPO. The issue comprises  1,08,90,000 equity shares and is priced at ₹133 to ₹140 per share. The IPO will open on September 27, 2023.   

When will Valiant Laboratories Limited's IPO be allotted?

The Basis of Allotment will happen on Thursday, October 05, 2023.

When will Valiant Laboratories Limited's IPO open for subscription?

The IPO subscription window will open on Wednesday, September 27, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 105 shares.

When will Valiant Laboratories Limited list on exchanges?

Valiant Laboratories Ltd IPO will be listed on the BSE and NSE exchange on Monday, October 09, 2023.

How do I check the allotment status of the Valiant Laboratories Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Valiant Laboratories Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Monday, October 09, 2023, for Valiant Laboratories Ltd.

I have finished the application process for the Valiant Laboratories Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Valiant Laboratories Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Valiant Laboratories Limited using one PAN?

You can submit only one application using your PAN card.