00:00 Valiant Laboratories IPO opens today and the offer shall close next week on October 3rd.
00:04 The company is an active pharmaceutical ingredients manufacturer that focuses on
00:08 making paracetamol. Paracetamol is a commonly used medicine for pain relief
00:13 and can be used for treating headaches, muscle aches and even arthritis. The company is based
00:17 out of Maharashtra and has a manufacturing facility in Palghar with a capacity of 9000
00:22 metric tons per annum. The proceeds from the issue will be used for funding capital expenditure and
00:27 working capital needs of its unit in Gujarat, which they plan for manufacturing specialty chemicals.
00:33 The price band for the issue is between 133 and 140 rupees. The company will be competing with
00:38 the likes of Granules India, Alkyl Amines and Lakshmi Organics, which have an average price
00:43 to earnings of around 20, while Valiant would be around mid-15s at the upper price band.
00:48 The total issue size of 152 crores comprises of only a fresh issue and the market cap
00:53 stands at 608 crores. For more such updates stay tuned to bq prime.
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