IPO Issue Details
Issue Price / Price Band₹220 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size9,64,800 shares (aggregating up to ₹21.23 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 29 Sep 2016
Subscription CloseTue, 04 Oct 2016
Anchor AllotmentWed, 28 Sep 2016
Basis of AllotmentMon, 10 Oct 2016
Initiation of RefundsTue, 11 Oct 2016
Credit of Shares to DematTue, 11 Oct 2016
Listing DateFri, 14 Oct 2016
UPI Mandate Deadline2016-10-04
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 600 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 1,200 shares
Net Offer to Public9,15,600 shares (aggregating up to ₹20.14 Cr)
Reserved for Market Maker49,200 shares (aggregating up to ₹1.08 Cr)
Pre-IPO Promoter Holding36,40,320 shares
Post-IPO Promoter Holding36,40,320 shares
About Valiant Organics Ltd.
Incorporated in 1984, Valiant Organics Ltd is a chemical manufacturing company mainly engaged in the business of manufactures and markets various types of chlorophenols in India. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Those chlorophenols are mainly used in agro-chemical industry, pharmaceutical industry, dyes industry as well as in manufacturing of cosmetics and veterinary drugs.They offers mono chlorophenols comprising para chlorophenol and ortho chlorophenol; and di-chlorophenols, such as 2,4 di-chlorophenol and 2,6 di-chlorophenol. Visit chittorgarh.com for more detail.They operate a single location manufacturing facility at Sarigam Industrial Estate having an installed capacity of 4,800 metric tonnes per anum. They also offer customized specification of Chlorophenols as per the customer needs.
Objects of the Issue
(Standard — DRHP pending)
Valiant Organics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
36,40,320 shares
Post-IPO Promoter Holding
36,40,320 shares