Valiant Laboratories Limited

Valiant Laboratories Limited

listed
₹13,965Min. investment
  1. Bid start
    27 Sep
  2. Bid end
    3 Oct
  3. Allotment
    29 Sep
  4. Release of funds
    6 Oct
  5. Demat transfer
    5 Oct
  6. Listing
    6 Oct

About Valiant Laboratories Limited

Price range₹133 – ₹140
IPO type
Regular
Lot size105 shares
Issue size₹1,52,46,00,000Cr
Red Herring Prospectus
Read

Market Cap

-₹10,000CrLower than sector avg

Revenue

₹208.24CrLower than sector avg

Growth rate

3Y CAGR
-1,00,000%

Checklist

Quality analysis

Revenue growth
Company valuation
Earnings expansion

Risk analysis

Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue

Higher revenue means strong sales and good market demand
This IPO
₹208.24Cr
This sector
₹1,248.4Cr
Compare with companies

PAT

Higher PAT means strong profitability and efficient cost management
This IPO
₹22.72Cr
This sector
₹151.06Cr
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Market cap

Higher market cap means strong confidence but may suggest overvaluation
This IPO
-₹10,000Cr
This sector
₹10,175.18Cr
Compare with companies

P/E ratio

Lower ratio usually means stock is undervalued
This IPO
-99,999.99
This sector
38.61
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About Valiant Laboratories Limited

About Updater Services Limited IPO  Incorporated in 2003, Updater Services offers integrated facilities management (IFM) and business support services (BSS). It is the second largest player in the IFM market in India, with a market share of 19% in FY23. Its subsidiaries like Matrix, Denave and Avon are also market leaders with a share of 5%, 20% and 11% respectively.  The company operates in the business-to-business (B2B) space. It provides services like production support, engineering, washroom and feminine hygiene, housekeeping, pest control. As part of business support, the company offers sales enablement services, employee background verification, audit and assurance, airport ground handling and more.  As of 30 June 2023, the company offered services to more than 11 sectors and served 2,797 clients. Some of its marquee global and Indian customers include P&G, Aditya Birla Fashion and Retail, Microsoft, Hyundai Motor India, Saint-Gobain India, Tata Consultancy Services, LTIMindtree, Honda Motorcycle and Scooter India, IIFL, SBI and more.  The company has a widespread network of 4,331 locations managed from 129 points of presence with 116 offices in India and 13 overseas. It has also acquired various businesses such as Avon, Global Flight Handling, Matrix, Washroom Hygiene Concept, Denave and Athena.  The company has seen a CAGR rise of 20% in its revenue from contracts with customers. Between FY18 and FY23, India’s IFM market grew at a CAGR of 9% and is expected to witness growth momentum in the next five years, which could benefit the company.  And now, Updater Services Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to repay borrowings, fund capital expenditure, pursue inorganic initiatives and for general corporate purposes. Its shares will be listed on the NSE and the BSE.  Here are key details about the Updater Services IPO:     Company Name  Valiant Laboratories Limited   Company Type  Private    Company Established On  1980   Valiant Laboratories Limited IPO Opening Date  27th September, 2023    Valiant Laboratories IPO Closing Date  3rd October 2023   Valiant Laboratories Limited IPO Allotment Status  5th October 2023    Credit of Shares to the Demat Account  6th October 2023   Valiant Laboratories Limited IPO Listing Date  6th October 2023    Valiant Laboratories Limited IPO Face Value  ₹ 10 per share   Valiant Laboratories IPO Lot Size  105 shares    Valiant Laboratories Limited IPO Issue Size  Approx ₹152 crore   Valiant Laboratories Limited IPO to be Listed on  BSE, NSE    Valiant Laboratories Limited IPO Price band  ₹133 – ₹ 140 per share        Financial snapshot     Particulars  FY 21  FY 22  FY 23    Revenue  ₹ 182 crore  ₹ 291 crore  ₹ 333 crore    Net Profit  ₹ 30.5 crore  ₹ 27.4 crore  ₹ 28.9 crore               A quick look at Updater Services Limited IPO’s strengths, risks and threats  Strengths   Strong financial performance with a CAGR rise of 23% in its revenue from operations and 26% in its profit between FY17 and FY23.  Reducing dependence on the import of raw materials from 74% to 11.8% in FY23.  Company intends to implement backward integration by manufacturing raw materials in-house.  Strategically located manufacturing facility which is close to its office as well as the port and helps with the import and export of raw materials and products.   Risks and threats   Single product manufacturing company which operates a single manufacturing facility.  Operates in a competitive industry with large multinational pharmaceutical companies as well as smaller regionally based competitors.  Exposed to counterparty credit risk with trade receivables amassing to ₹42 crore, ₹110 crore and ₹88 crore in FY21, FY22 and FY23, respectively.  Subject to strict quality requirements and regular inspections.            Valiant Laboratories Limited IPO details  | Valiant Laboratories Limited IPO date  According to the offer document filed by the company with the SEBI, the Valiant Laboratories IPO’s opening date – in other words, the Valiant Laboratories IPO launch date – will be 27th September 2023. The Valiant Laboratories IPO closing date is 3rd October 2023. After this, investors will be updated about the allotment status on 5th October 2023.  Investors, who have been allotted shares, can expect them to be credited to their demat account on 6th October 2023. The Valiant Laboratories IPO listing date is 9th October 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  | Valiant Laboratories Limited IPO price band  The IPO is a fresh issue. The Valiant Laboratories IPO price band has been set between ₹133 and ₹140 per share. Interested investors can choose a price within this band to apply for the IPO.  The Valiant Laboratories IPO listing price will be determined on 9th October 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.  | Valiant Laboratories Limited IPO lot size  The Valiant Laboratories IPO details have been declared. The Valiant Laboratories IPO lot size is set at 105 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Valiant Laboratories IPO issue size is approx ₹152 crore.           How to apply for the Valiant Laboratories Limited IPO?  If you are interested in this investment opportunity but unsure how to apply for the Valiant Laboratories Limited IPO, here we are listing out the steps for you.  When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Valiant Laboratories Limited IPO on Upstox:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘ Valiant Laboratories Limited IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Apply’  Accept the mandate on your UPI app            How to check the the Valiant Laboratories Limited IPO allotment status?  When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.  Here’s a step-by-step guide on how to check the Valiant Laboratories Limited IPO allotment status:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover page, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, you will find the ‘View all’ option  Once you click on ‘View all’, you will be directed to the ‘IPO’ tab  In the ‘IPO’ tab, click on ‘My applications’  In ‘My applications’, under the History section, your the Valiant Laboratories Limited IPO allotment status will be mentioned            Open a demat account with Upstox to apply for the Valiant Laboratories Limited IPO  To apply for the Updater Services Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.  Here is a step-by-step guide on how to open a demat account with Upstox:   Click here to visit the demat account opening page on the Upstox website.  Enter your phone number and other essential details to begin opening a demat account.  Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  Complete the e-verification using the OTP sent to your registered mobile number.   This is all it takes to open a demat account with Upstox. Easy and quick, right?            Upstox – trading app to apply for the Valiant Laboratories Limited IPO  Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  You can apply for the Valiant Laboratories Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.  In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.    

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Valiant Laboratories Limited ?

The issue size of the Valiant Laboratories Limited is 1524600000 Cr.

What is 'pre-apply' for Valiant Laboratories Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Valiant Laboratories Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.