Valiant Laboratories IPO Price: ₹133 to ₹140 per share
IPO Date Range: Sep 27, 2023 - Oct 3, 2023
Valiant Laboratories Limited, a pharmaceutical ingredient manufacturing entity, was established in 1980. With its primary focus on producing Paracetamol, the company has positioned itself as a significant player in the pharmaceutical sector.
The company's core strength lies in its manufacturing capabilities. Situated in Palghar, Maharashtra, its manufacturing unit spans 2,000 sq. mts. of land. With an impressive annual installed capacity of 9,000 MT, Valiant Laboratories is equipped to meet the market's demands. Additionally, the company has invested in an R&D Facility, which is well-equipped with an analytical laboratory and infrastructure, facilitating developmental activities in existing products.
For the fiscal years 2023, 2022, and 2021, the company reported operating revenues amounting to Rs. 3,339.10 million, Rs. 2,915.23 million, and Rs. 1,823.69 million, respectively.
Valiant Laboratories sources its primary raw material, Para Amino Phenol, essential for manufacturing Paracetamol, from countries like China and Cambodia.
As of April 30, 2023, the company takes pride in its dedicated team of 86 employees contributing to its success.
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | Monday, October 9, 2023 |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 32,560,000 |
| Share holding post issue | 43,450,000 |
The minimum lot size to apply in this Valiant Laboratories Limited IPO consists of 105 shares, requiring an investment of ₹14,700.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 105 | ₹14,700 |
| Retail (Max) | 13 | 1365 | ₹191,100 |
| S-HNI (Min) | 14 | 1,470 | ₹205,800 |
| S-HNI (Max) | 68 | 7,140 | ₹999,600 |
| B-HNI (Min) | 69 | 7,245 | ₹1,014,300 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Friday, October 6, 2023 |
| Initiation of Refunds | Monday, October 9, 2023 |
| Credit of Shares to Demat | Tuesday, October 10, 2023 |
| Listing Date | Wednesday, October 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
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As of March 31, 2023, the company's assets stood at ₹212.76 crores, with a revenue of ₹338.77 crores. The profit after tax for the same period was ₹29.00 crores. Here, you can get the complete data of the past three years:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 106.31 | 181.81 | 212.76 |
| Revenue | 183.78 | 293.47 | 338.77 |
| Profit After Tax | 30.59 | 27.50 | 29.00 |
| Net Worth | 88.58 | 71.46 | 100.49 |
| Reserves and Surplus | |||
| Total Borrowing | 0.35 | 60.68 | 59.40 |
The market capitalization of Valiant Laboratories Limited IPO stands at Rs 608.3 Crore, with a P/E ratio of 15.71.
| KPI | Values |
|---|---|
| P/E (x) | 15.71 |
| Market Cap (₹ Cr.) | 608.3 |
| ROE | 33.73% |
| ROCE | 22.76% |
| Debt/Equity | 0.59 |
| EPS (Rs) | 8.91 |
| RoNW | 28.86% |
Valiant Laboratories aims to channel the net proceeds from the IPO towards:
Prospectus: Official documents that provide detailed information about the IPO and the company. Valiant Laboratories IPO DRHP and Valiant Laboratories IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Valiant Laboratories Limited" IPO is ₹133 to ₹140 per share.
The "Valiant Laboratories Limited" IPO is expected to be listed on Wednesday, October 11, 2023.
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