20-Sep-2023
2 mins read
Valiant Laboratories Limited is a material subsidiary of Valiant Organics, a speciality chemicals manufacturing company that is coming with an initial public offering and plans to issue 11,556,000 fresh shares with a face value of Rs 10 per share. The issue will open on September 27, 2023, and close on October 3, 2023. The net proceeds generated from this offering will be directed towards providing financial backing to their wholly-owned subsidiary, Valiant Advanced Sciences Private Limited (VASPL). Additionally, it will be used to partially fund the capital expenditures required for the establishment of a specialised chemical manufacturing facility in the Saykha Industrial Area of Bharuch, Gujarat, commonly referred to as the “Proposed Facility.” These funds will also be allocated for supporting VASPL’s operational needs and general corporate purposes.
Valiant Laboratories Limited Company Profile
Founded in the year 1980, Valiant Laboratories Limited is an Indian pharmaceutical ingredient manufacturing company with a primary focus on the production of Paracetamol. These Bulk Drugs/APIs are critical raw materials used in the manufacturing of finished dosage forms or formulations in the pharmaceutical industry.
The company has a manufacturing unit in Palghar, Maharashtra, with an annual total installed capacity of 9,000 MT per annum. Valiant Laboratories Limited imports Para Amino Phenol, which serves as the essential raw material for Paracetamol production, from both China and Cambodia. Valiant Laboratories also has an R&D Facility equipped with an analytical laboratory and infrastructure for developmental activities in existing products.
Financials of Valiant Laboratories Limited
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 106.31 | 181.81 | 212.76 |
| Revenue | 183.78 | 293.47 | 338.77 |
| Profit After Tax | 30.59 | 27.5 | 29 |
| Net Worth | 88.58 | 71.46 | 100.49 |
| Total Borrowing | 0.35 | 60.68 | 59.4 |
Important Dates for Valiant Laboratories Limited
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | Wednesday, October 11, 2023 |
| Face Value | Rs 10 per share |
| Price | Yet to be announced |
| Lot Size | Yet to be announced |
| Total Issue Size | 11,556,000 shares |
| Fresh Issue | 11,556,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre-issue | 32,560,000 |
| Shareholding post issue | 44,116,000 |
Valiant Laboratories IPO Reservation
| 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 |
Objectives of Valiant Laboratories Limited IPO
The company plans to use the funds raised from the offering for the following purposes:
- To invest in its wholly-owned subsidiary, Valiant Advanced Sciences Private Limited (VASPL), to partially support its capital expenditure needs for establishing a speciality chemical manufacturing facility in Saykha Industrial Area, Bharuch, Bharuch, Gujarat (the Proposed Facility).
- To invest in VASPL to meet its working capital needs.
- For general corporate purposes.
Promoters of Valiant Laboratories Limited IPO
Shantilal Shivji Vora and Dhanvallabh Ventures LLP (DVL) are the promoters of the company.
Lead Managers of Valiant Laboratories Limited IPO
Unistone Capital Pvt Ltd is the lead manager of Valiant Laboratories Limited IPO.
How to Apply for Valiant Laboratories Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for Valiant Laboratories Limited IPO with Bigul: https://ipo.bonanzaonline.com/.
FAQs for Valiant Laboratories Limited IPO
Q1: What are Valiant Laboratories Limited and its IPO offering?
Valiant Laboratories Limited is an Indian pharmaceutical ingredient manufacturing company primarily focused on Paracetamol production. They are launching an initial public offering (IPO) in which they plan to offer 11,556,000 fresh shares with a face value of Rs 10 per share..
Q2 What is the open and close date of Valiant Laboratories Limited’s IPO?
The issue will open on September 27, 2023, and close on October 3, 2023, for Valiant Laboratories Limited’s IPO
Q3: When is Valiant Laboratories Limited IPO listing?
The listing date for Valiant Laboratories Limited IPO is Wednesday, October 11, 2023.
Q4: Who are the promoters of Valiant Laboratories Limited IPO?
The promoters of Valiant Laboratories Limited are Shantilal Shivji Vora and Dhanvallabh Ventures LLP (DVL).
Q5: Who is the lead manager for Valiant Laboratories Limited IPO?
Unistone Capital Pvt Ltd is the lead manager for Valiant Laboratories Limited IPO.