Valiant Laboratories shares to debut on Friday. What GMP signals ahead of listing

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Key Points

Ahead of the listing, the company's shares are trading with a premium of Rs 22 in the unlisted market...

Considering the upper price band of Rs 140, the stock is likely to debut with a premium of 16%...

Valiant Labs is an active pharmaceutical ingredient (API)/bulk drug manufacturing company, with a focus on producing Paracetamol..

Investors might get a good listing benefit tomorrow (Friday), but they should also be cautious about related risks," said Shivani Nyati, Head of Wealth, Swastika Investmart...

The company's revenues grew 16% to Rs 339 crore in the fiscal year 2023, while net profit was marginally higher at Rs 28.9 crore, compared with Rs 27.4 crore a year ago...

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