Valliant laboratories IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Valliant laboratories Limited IPO GMP

Valiant Laboratories' IPO, valued at Rs 152.46 crores, was a book-built issue consisting solely of 1.09 crore fresh shares. Bidding for the IPO commenced on September 27, 2023, closing on October 3, 2023. Allotment results were announced on Thursday, October 5, 2023. The company's shares debuted on both the BSE and NSE on October 6, 2023

Valiant Laboratories has established its IPO price range at ₹133 to ₹140 per share, with a minimum lot size of 105 shares per application. Retail investors are required to invest a minimum of ₹14,700. For sNII, the minimum investment is set at 14 lots (1,470 shares), totaling ₹205,800, while for bNII, it stands at 69 lots (7,245 shares), amounting to ₹1,014,300. These specifications ensure equitable participation in the IPO, catering to various investor categories with distinct investment thresholds.

Unistone Capital Pvt Ltd has been appointed as the book running lead manager overseeing the Valiant Laboratories IPO, while Link Intime India Private Ltd has been entrusted with the role of registrar for the issuance.

OBJECTIVE OF IPO

1. Investment in our 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 speciality chemicals (ketene and diketene derivatives products) at Saykha Industrial Area, Bharuch, Bharuch, Gujarat.

2. Investment in VASPL for funding its working capital requirements

3. General corporate purposes