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The IPO is being managed by Unistone Capital, acting as the book-running lead for the issue. It is being recommended as a medium-to-long-term investment by Avinash Gorakshakar from Profitmart Securities.
The decision to go public follows a successful fiscal year for Valiant Laboratories. In the fiscal year 2023, the company reported robust financial performance with revenues of Rs 339 crore and a net profit of Rs 28.9 crore.
This fundraising effort through the IPO is seen as a strategic move to bolster the company’s growth and expansion in the pharmaceutical industry. Valiant Laboratories’ specialization in Paracetamol, a pain treatment recommended by the World Health Organization, positions it well in the market amidst increasing demand for effective pain management solutions.
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