Valiant Laboratories made an impressive entry into the stock market, with its shares listed at a premium of 16% over the issue price on Friday. On the NSE, the stock opened at Rs 162.15, significantly higher than the IPO price of Rs 140.
Similarly, on the BSE, Valiant Laboratories’ shares debuted at Rs 161, indicating a premium of 15% or Rs 21 compared to the issue price. Remarkably, even before the official listing, the company’s shares commanded a premium of Rs 22 in the unlisted market, setting a positive tone for its market debut.
