Valiant Laboratories IPO Details ( Valiant Laboratories Limited IPO Review )
(27 Sep 2023 – 3 Oct 2023)
Valiant Laboratories Limited was founded in 1980 and is a company in India that specializes in making Paracetamol, a pharmaceutical ingredient.
Their manufacturing unit is situated in Palghar, Maharashtra, covering an area of 2,000 square meters. They can produce a total of 9,000 metric tons of Paracetamol each year. Valiant Laboratories also has a Research and Development Facility, which includes an analytical laboratory and the necessary infrastructure for developing existing products.
In the fiscal year 2023, 2022, and 2021, Valiant Laboratories earned revenues of Rs. 3,339.10 million, Rs. 2,915.23 million, and Rs. 1,823.69 million, respectively.
To make Paracetamol, Valiant Laboratories imports Para Amino Phenol, a raw material, from China and Cambodia.
As of April 30, 2023, Valiant Laboratories employs 86 people.
Valiant Laboratories Limited Company Product
- Paracetamol (Acetaminophen):
- Grade Variations: Powder, Fine Powder, Dense, Free Flowing, etc.
- Pharmacopeia Standards: IP (Indian Pharmacopeia), BP (British Pharmacopeia), USP (United States Pharmacopeia), EU (European Pharmacopeia)
Valiant Laboratories Limited IPO Competitive Strength
- Experienced promoters and strong management team
- Strong financial performance
- Reducing dependence on import of raw materials
- Strategically located Manufacturing Facility
Valiant Laboratories IPO Financials Performance ( Results )
Valiant Laboratories Limited Financial Information (Restated Standalone)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31- Mar-21 | 106.31 | 183.78 | 30.59 | 10.83 | 88.58 | 84.36 | 0.35 | |
| 31- Mar-22 | 181.81 | 293.47 | 27.50 | 9.52 | 71.46 | 43.89 | 60.68 | |
| 31- Mar-23 | 212.76 | 338.77 | 29.00 | 8.91 | 100.49 | 30.82 | 59.40 |
Objective of Valiant Laboratories IPO 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 IPO Basic Details
| IPO Date | Sep 27, 2023 to Oct 3, 2023 |
| Listing Date | Monday, October 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹133 to ₹140 per share |
| Lot Size | 105 Shares |
| Issue Size | 10,890,000 shares of ₹10 (aggregating up to ₹152.46 Cr) |
| Fresh Issue | 10,890,000 shares of ₹10 (aggregating up to ₹152.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 32,560,000 |
| Share holding post issue | 43,450,000 |
| Company Promoters | Shantilal Shivji Vora, Santosh Shantilal Vora, and Dhanvallabh Ventures LLP (DVL) |
Valiant Laboratories IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Valiant Laboratories IPO Timetable
Valiant IPO will open on September 27, 2023 and close on October 3, 2023. You can join Valiant IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 September 2023 (Wednesday) |
| Closing Date | 3 October 2023 (Tuesday) |
| Basis of Allotment | 5 October 2023 (Thursday) |
| Initiation of Refunds | 6 October 2023 (Friday) |
| Credit of Shares to Demat | 6 October 2023 (Friday) |
| Listing Date | 9 October 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 3 October 2023 |
Valiant IPO Lot Size
For retail investors in Valiant IPO, 105 shares will come in 1 lot or the minimum investment will be ₹14,700. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹191,100.
| 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 |
Valiant Laboratories IPO Promoter Holding
The company’s promoters include Shantilal Shivji Vora, Santosh Shantilal Vora, and Dhanvallabh Ventures LLP (DVL).
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.94% |
Valiant Laboratories Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 608.3 |
| Earning Per Share (EPS) | ₹8.91 per Equity Share |
| Net Asset Value (NAV) | ₹30.86 per Equity Share |
| P/E Ratio (P/E) (x) | 15.71 |
| Return on Net Worth (RoNW) (%) | 28.86 |
| Return on equity (ROE) (%) | 33.73 |
| Return on Capital Employed (ROCE) (%) | 22.76 |
| Debt/Equity Ratio | 0.59 |
Valiant Laboratories Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Valiant Laboratories Limited | Consolidated | 10 | 8.91 | 15.71 | 28.90 | 30.80 |
| Peer Group | ||||||
| Granules India Ltd | Consolidated | 1 | 21.00 | 13.19 | 18.22 | 115.52 |
| Jagsonpal Pharmaceuticals Limited | Consolidated | 1 | 10.20 | 36.03 | 16.82 | 12.21 |
Valiant Laboratories IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 27 September 2023 | ₹0 | – | – |
| 26 September 2023 | ₹0 | – | – |
| 25 September 2023 | ₹0 | – | – |
Valiant Laboratories IPO Detail Video:
Valiant Laboratories IPO Subscription Status (Bidding Detail)
The Valiant Laboratories IPO on October 3, 2023 at 7:30:00 PM was subscribed 29.76 times, with the retail category being subscribed 16.06 times, the NII (Non-Institutional Investor) category being subscribed 73.64 times, QIB (Qualified-Institutional Buyers) category being subscribed 20.83 times.
| Category | Subscription |
| QIB | 20.83x |
| NII | 73.64x |
| Retail | 16.06x |
| Total | 29.76x |
Valiant Laboratories IPO Prospectus
| Valiant Laboratories IPO DRHP | Download |
| Valiant Laboratories IPO RHP | Download |
| Valiant Laboratories IPO Anchor Investors Details PDF | Download |
Valiant Laboratories IPO Rating
| Our Rating | 3.0/5.0 |
Valiant Laboratories Company Contact Information
Valiant Laboratories Limited
Registered Office: 104, Udyog Kshetra, Mulund Goregaon Link Road, Mulund West, Mumbai- 400080, Maharashtra
Telephone: +91-22-4971 2001;
Contact Person: Ms. Saloni Mehta, Company Secretary and Compliance Officer
E-mail: complianceofficer@valiantlabs.in
Website: www.valiantlabs.in
Corporate Identity Number: U24299MH2021PLC365904
Our Promoter: Shantilal Shivji Vora, Santosh Shantilal Vora, and Dhanvallabh Ventures LLP (DVL)
Valiant Laboratories IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 247 Park, 1st Floor L.B.S. Marg, Vikhroli West Mumbai 400 083, Maharashtra, India
Telephone: +91 8108114949
Facsimile: +91 22 49186060
Email: valiantlaboratories.ipo@linkintime.co.in
Investor grievance email: valiantlaboratories.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration Number: INR000004058
CIN: U67190MH1999PTC118368
Valiant Laboratories IPO Lead Manager
Unistone Capital Private Limited
Registered Office: A/ 305, Dynasty Business Park, Andheri-Kurla Road,
Andheri East, Mumbai – 400 059, India
Telephone: +91 9820057533
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Brijesh Parekh
Website: www.unistonecapital.com
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850
Valiant Laboratories IPO FAQs
What is the lot size of Valiant Laboratories IPO?
The total size of Valiant Laboratories IPO is ₹152.46 crores and this is a complete fresh Issue.
When will Valiant Laboratories IPO start?
Valiant Laboratories IPO will open from 27 September 2023 and IPO will close on 3 October 2023.
What is the open date of Valiant Laboratories IPO?
Valiant Laboratories IPO will open date from 27 September 2023.
What is the last date ( close date ) of Valiant Laboratories IPO?
Valiant Laboratories IPO will close from 3 October 2023.
What is the price band of Valiant Laboratories IPO?
Valiant Laboratories IPO price band is ₹133 to ₹140. ( Upper Price Band: ₹140, Lower Price Band: ₹133 )
What is the minimum amount required to apply for Valiant Laboratories IPO?
The minimum investment for retailers to apply for Valiant Laboratories IPO is ₹14,700 and the maximum investment is ₹191,100.
What is going on gray market premium of Valiant Laboratories IPO?
View gray market premium of Valiant Laboratories IPO by Clicking Here
How much is the GMP of Valiant Laboratories IPO?
Watch Valiant Laboratories IPO GMP Today: Click Here
What is the allotment date of Valiant Laboratories IPO?
The allotment date of Valiant Laboratories IPO is 5 October 2023.
How to check allotment status in Valiant Laboratories IPO?
To check the allotment status of Valiant Laboratories IPO, first of all go to the registrar website by clicking here, select your bad Valiant Laboratories IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Valiant Laboratories IPO?
The listing date of Valiant Laboratories IPO is 6 October 2023.
How much will be the listing gain in Valiant Laboratories IPO?
View listing gain of Valiant Laboratories IPO by Clicking Here
How much time Valiant Laboratories IPO is subscribed?
Total 29.76 times subscribed in Valiant Laboratories IPO out of which 16.06 times subscription was done in retail quota, 73.64 times subscription in NII quota and 20.83 times subscription in QIB quota.
How to apply for Valiant Laboratories IPO from Upstox?
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