Valiant Lab IPO: Valiant Lab, a well-known Indian pharmaceutical company is set to open its Initial Public Offering on 27 September 2023. The IPO will close on 3 October 2023 offering a seven-day window for investors to participate.
The Valiant Lab IPO is currently forthcoming and has generated considerable interest among investors. You can pre-apply for the Valiant Lab IPO on Upstox. which means the pre-apply open date, usually begins a day before the IPO opens for the subscription.
Valiant Lab IPO
Valiant Lab has listed its symbol as “_” for the IPO. The company is aiming to raise ₹152.46 crore through the public issue. The shares are priced in the range of ₹133 to ₹140, with a face value of ₹10 per share.
The issue type is a book-built issue IPO, structured to offer a diversified portfolio to the investing public. Interested investors can participate with a minimum investment of ₹13,965, corresponding to a lot size of 105 shares.
Valiant Lab has laid out a specific structure for the allotment of shares across various investor categories. No more than 50% of the net offer will be available for Qualified Institutional Buyers (QIB). Not less than 15% of the offer is reserved for Non-Institutional Investors (HNI), while at least 35% will be offered to retail investors.
The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The basis of allotment for the IPO will be on 5 October 2023, following which refunds will be processed by 6 October 2023.
Investors who successfully receive allotments will have the shares credited to their Demat accounts on the same day, i.e., 6 October 2023. The listing date is set for 9 October 2023.
Valiant Lab IPO Details
| – Open Date | 27-Sep-23 |
| – Close Date | 03-Oct-23 |
| – Basis of Allotment | 05-Oct-23 |
| – Refunds | 06-Oct-23 |
| – Credit to Demat Account | 06-Oct-23 |
| – Listing Date | 09-Oct-23 |
| Financials | – |
| – IPO Size | ₹ 152.46 Cr |
| – IPO Price Range | ₹ 133 to ₹ 140 |
| – Min Investment | ₹ 13,965 |
| Other Details | – |
| – Lot Size | 105 |
| – Listing Exchange | BSE, NSE |
| RHP | Download |
| DRHP | Download |
Apply for the Valiant Lab IPO
You can pre-apply for the Valiant Lab IPO on Upstox. Follow these steps to pre-apply for the IPO:
- Click on the “Open an Account“
- Fill in the required details
- Complete the verifying your identity
- Login to Your Account
- in the IPO section, click the ‘Valiant Lab IPO’ tab
- fill in the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
Valiant Lab IPO GMP Status
Valiant Lab is open from 27 September to 3 October 2023 and people’s eyes have been on the grey market premium (GMP) to gauge investor sentiment. GMP is the rate at which the IPO shares are traded in the grey market before they get listed on the stock exchange. It’s an unofficial way of measuring the market’s sentiment about the IPO.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|---|
| 26-09-2023 | 140.00 | ₹0 | — | ₹140 (0%) |
| 25-09-2023 | 140.00 | ₹0 | — | ₹140 (0%) |
| 24-09-2023 | 140.00 | ₹0 | — | ₹140 (0%) |
| 23-09-2023 | 140.00 | ₹0 | — | ₹140 (0%) |
| 22-09-2023 | 140.00 | ₹0 | — | ₹140 (0%) |
| 21-09-2023 | ₹0 | — | ₹ (0%) |
Valiant Laboratories has maintained a consistent ₹0 GMP from 22 September 2023 to 25 September 2023.
On 22 September 2023, the IPO was launched at a price of ₹140.00, and since then, the GMP has seen no movement whatsoever, according to data last updated on 25 September 2023. The GMP trend was similarly uneventful on 23 September and 24 September, with no change reported. The Sub2 Sauda Rate also remained stable, without any change reported during these days.
The consistent ₹0 GMP has puzzled analysts as this sort of stability is unusual, especially in a market that often responds dramatically to IPOs. Despite the zero movement, the estimated listing price, as of 25 September 2023, is pegged at ₹140, showing no gain or loss.
About Valiant Lab
In the year 1980, The company started as a partnership firm called Bharat Chemicals. It initially focuses on manufacturing Para Nitro Phenol, which is used in making drugs, fungicides, and rubber additives.
After some research and development, the company entered the pharmaceutical industry by manufacturing Paracetamol, an active pharmaceutical ingredient (API).
The partnership firm evolved into a public limited company and changed its name to Valiant Laboratories Limited. Valiant Laboratories Limited has become a leading manufacturer of Paracetamol API/Bulk Drug. This drug is used to treat conditions like headaches, muscle aches, and fevers among other things.
The company operates a single-location facility equipped with the latest technology. This facility is in the Tarapur industrial estate. They offer different grades of Paracetamol API to meet customer needs.
The manufacturing facility is 150 Km from Nhava Sheva Port and 110 Km from their registered office in Mumbai, making it easy to ship products.
Valiant Lab IPO allotment status
| Application | Lots | Shares |
|---|---|---|
| Retail (Min) | 1 | 105 |
| Retail (Max) | 13 | 1365 |
| S-HNI (Min) | 14 | 1,470 |
| S-HNI (Max) | 68 | 7,140 |
| B-HNI (Min) | 69 | 7,245 |
When the allotment process is completed, you can check the status of your application on the Upstox. how to check the Valiant Lab IPO allotment status:
- Login to your Upstox Account
- find the ‘Invest in IPO’ section.
- Click on the ‘View all option
- Click on My applications
- under the History section
- your Valiant Lab IPO allotment status will be mentioned.
Valiant Lab IPO price?
– The Valiant Lab IPO price band from ₹ 133 to ₹ 140 per equity share.
Valiant Lab IPO date?
– The public issue opened on 27 September 2023 and will close on 3 October 2023.
Valiant Lab IPO lot size?
– The lot size for the Valiant Lab IPO is 105 equity shares.
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it’s important to note that GMP is not an official measure and often varies. It provides an early indicator of potential demand but does not guarantee the actual listing price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Sharedhan. We advise investors to check with certified experts before making any investment decisions.
