Shares of Valiant Laboratories begin trading on the NSE at a premium of 15.8%, or 162.15

 Shares of Valiant Laboratories begin trading on the NSE at a premium of 15.8%, or 162.15

Date of Valiant Laboratories' IPO: On Friday, Valiant Laboratories' stock price commenced trading on the bourses at a premium. Valiant Laboratories share price today was listed at 162.15 rupees per share on the NSE, 15.8% higher than the issue price of 140, and at 161 rupees per share on the BSE.

The subscription period for Valiant Laboratories' initial public offering (IPO) began on September 27 and ended on October 2. The company set the pricing range for the proposed initial public offering at between 133 and 140 per equity share.

Valiant Laboratories' initial public offering (IPO) reserved a maximum of 50% of the shares for qualified institutional buyers (QIB), a minimum of 15% for non-institutional investors (NII), and a maximum of 35% for retail investors.

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Details of the Valiant Laboratories IPO

The 10,890,000 equity shares in the Valiant IPO, which is valued at 152.46 crores, are entirely a fresh issuance; there is no offer for sale (OFS) component.

The company intends to invest in Valiant Advanced Sciences Private Limited (VASPL), an entirely owned subsidiary, to fund its working capital needs, an investment in VASPL to fund its financial investment needs in conjunction with the establishment of a manufacturing facility for particular chemicals at Saykha Industrial Area, Bharuch, Bharuch, Gujarat (Proposed Facility), and to me.

Unistone Capital Private Ltd. is the Challenger IPO's book-running lead manager. The IPO registry is Link Intime India Private Limited.

Today's Valiant Laboratories IPO GMP

Today's Valiant IPO GMP is +20, which is comparable to the previous trading session's grey market premium. According to investorgain.com, this meant that the shares of Valiant IPO GMP today were trading at a premium of $20 on Friday in the grey market.

The predicted listing price of Valiant shares was 160 per share, which is 14.29% more than the Valiant IPO issue price of 140, after taking into account the top end of the Valiant IPO pricing band and the existing premium on the grey market.

According to topsharebrokers.com, the Valiant IPO GMP on Tuesday, September 26 was 0, meaning that Valiant Laboratories shares were selling at their 140 issue price with no cost or discount.

Investors' willingness to pay more than the issue price is indicated by the term "grey market premium."