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News Details

22/09/2023 12:40

Valiant Laboratories announces launch of initial public offering

Valiant Laboratories Ltd. has announced public offering of 10890000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 130.00 per share. The gross proceeds of the issue are expected to be Rs 15,246.00 lakhs.

The company's initial public offer (IPO) will open on 27 September 2023 and is expected to close on 03 October 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 133.00-140.00 per share.

The IPO includes a fresh Issue of 10890000 Equity Shares of the Company at an price of Rs 140.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 105 shares with bids in multiples of 105.

Valiant Laboratories Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.