Valiant Laboratories IPO listing Highlights: Shares list at a premium of 15%
Valiant Laboratories IPO listing Highlights, Valiant Laboratories Share Price NSE, BSE: Valiant Laboratories IPO was subscribed 29.76 times on the last day of the bidding process.
Valiant Laboratories IPO listing Highlights, Valiant Laboratories Share Price NSE, BSE: The share of Valiant Laboratories is set to debut at Dalal Street today i.e. October 6. According to the information available on the Bombay Stock Exchange (BSE), the share of Valiant Laboratories shall be "listed and admitted to dealings on the Exchange in the list of 'T' Group of Securities."
The IPO, which is entirely a fresh issue, received a decent response from investors as it received bids for 22,68,46,830 shares against 76,23,030 shares put on offer, marking an overall subscription of 29.76 times.
For Highlights on the listing of Valiant Laboratories on NSE and BSE, Follow Zee Business Blog:
Latest Updates
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Shares jump around 5%
Shares of Valiant Laboratories jumped around 5 per cent to trade at Rs 169.05 at 10:13 am.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Shares list at a premium of around 15%
Shares of Valiant Laboratories list at Rs 161 on BSE and Rs 162.15 on NSE.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Pre-open order collection summary on NSE
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Shares settle at Rs 161 on BSE
Valiant Laboratories IPO listed at Rs 161, a premium of around 15 per cent against the issue price of Rs 140, on the Bombay Stock Exchange.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Net profit rose 5.5%
Valiant Laboratories' net profit rose 5.5 per cent to Rs 29 crore for the year ended March 2023 from Rs 27.5 crore in the year-ago period.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Raised Rs 45.74 crore from anchor investors
Ahead of the IPO, Valiant Labs raised Rs 45.74 crore from anchor investors. Leading Light Fund VCC - The Triumph Fund, Saint Capital Fund, Astorne Captal VCC - Arven, and Negen Undiscovered Value Fund took part in the anchor book.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Portion set for QIBs was subscribed 20.83
The portion set aside for qualified institutional buyers (QIBs) was subscribed 20.83 times. Fifty per cent of the IPO was reserved for QIBs.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Shares to be available for trading at 10 am
Valiant Laboratories share price will become available for trade at 10:00 am during Friday deals.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Shares to list at around 9:45 am
Valiant Laboratories shares will be listed on BSE and NSE in a special pre-open session at around 9:45 am.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: HNIs bought 73.64 times their quota of shares
High networth individuals (HNIs) bought 73.64 times their quota of shares and retail investors 16.06 times the shares allotted to them, data available with exchanges showed.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Link Intime is official registrar
Unistone Capital Private Limited is the book-running lead manager for the issue, whereas Link Intime India Private is the official registrar.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: What does the company do?
Valiant Laboratories, which was incorporated in 1980, is a pharmaceutical ingredient manufacturing company with a focus on manufacturing Paracetamol.
Valiant Laboratories IPO Listing on NSE, BSE LIVE: Price range
Valiant Laboratories fixed a price range of Rs 133–Rs 140 apiece for the IPO.
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