Valiant Laboratories is set to go public on September 27, hoping to raise INR 152.4 crore via an initial public offering (IPO). The shares are priced at INR 133-140 each, with the minimum bid set for 105 equity shares. The proceeds from the IPO will be used to fund a specialty chemicals plant in the Saykha Industrial Area in Gujarat and to meet Valiant Laboratories' working capital needs.
Dhanvallabh Ventures LLP, a key promoter, is backing the IPO. Unistone Capital Pvt Ltd and Link Intime India Private Ltd are managing the issue, ensuring the process runs smoothly.
Following the IPO, Valiant Laboratories' listing on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is scheduled for October 9. The listing will mark a significant milestone for the company as it embarks on its new project in Gujarat and seeks to enhance its financial position through increased working capital.
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