Valiant Laboratories files RHP for IPO
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Valiant Laboratories files RHP for IPO

The company's material subsidiary namely, VLL has filed Red Herring Prospectus (RHP) dated September 18, 2023

  • By ICN Bureau | September 19, 2023

Valiant Organics Limited had earlier announced about the proposed initial public offering (IPO) of the equity shares of Valiant Laboratories Limited (VLL), by way of fresh issue of up to 10,890,000 Equity Shares for listing on BSE Limited and National Stock Exchange of India Limited. The company's material subsidiary namely, VLL has filed Red Herring Prospectus (RHP) dated September 18, 2023 with the Registrar of Companies, Mumbai at Maharashtra on September 18, 2023 in accordance with applicable laws.

The Anchor Investor Bid/Issue period if any, shall be on Tuesday, September 26, 2023. Further, the Bid/Issue will open on Wednesday, September 27, 2023 and close on Tuesday, October 03, 2023.

The proposed listing and Issue price of Equity Shares are subject to many factors including but not limited to regulatory approvals, book building process under Indian regulations, external factors and prevailing market conditions. Shareholders and potential Investors are advised to exercise caution before taking an investment decision in the Issue.

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