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Valencia IPO is a fixed price issue of Rs 7.23 crores. The issue is a combination of fresh issue of 13.05 lakh shares aggregating to Rs 6.00 crores and offer for sale of 2.67 lakh shares aggregating to Rs 1.23 crores.
Valencia IPO bidding started from December 23, 2019 and ended on December 27, 2019. The shares got listed on BSE SME on January 6, 2020.
Valencia IPO price is ₹46 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Aryaman Financial Services Limited is the book running lead manager of the Valencia IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Valencia IPO RHP for detailed information.
| IPO Date | December 23, 2019 to December 27, 2019 |
| Listing Date | January 6, 2020 |
| Face Value | ₹10 per share |
| Price | ₹46 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,572,000 shares (aggregating up to ₹7.23 Cr) |
| Fresh Issue | 1,305,000 shares (aggregating up to ₹6.00 Cr) |
| Offer for Sale | 267,000 shares of ₹10 (aggregating up to ₹1.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,280,341 |
| Share holding post issue | 5,585,341 |
| Market Maker portion | 84,000 shares |
Valencia IPO offers 1,572,000 shares. 744,000 (47.33%) to NII, 744,000 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 84,000 (5.34%) |
| Other Shares Offered | 744,000 (47.33%) |
| Retail Shares Offered | 744,000 (47.33%) |
| Total Shares Offered | 1,572,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹138,000 |
| Retail (Max) | 1 | 3000 | ₹138,000 |
| Lot Size Calculator | |||
Mrs. Deepthi Anand and Mr. Manish Turakhia are the promoters of the company.
| Share Holding Pre Issue | 82.09% |
| Share Holding Post Issue | 62.91% |
Incorporated in 2013, Bangalore based Valencia Nutrition Limited is an applied biotechnology startup. Valencia Nutrition Limited is engaged in developing, researching, marketing and quality control activities of high-quality nutraceutical products (multi-nutrient functional beverages which are used to prevent lifecycle related diseases). The company works under two brand names which are Bounce Superdrinks & VitaMe Enriched Beverage.
Under Bounce Superdrinks, Valencia sells out low-calorie hydration drink range including Vitalize, Sports, Glucose, Gluco Fizz, Lemon Fizz, and Jeera Fizz products. VitaMe brand consists of multi-nutrient drinks which are Watermelon Prebiotic, Guava Electrolite, Lemon - Lime Antioxidant Burst and Litchi- Mint Unwind. Valencia has an in-house research and development team to create formulations and add new products by testing and developing at final saleable forms. The company outsources the manufacturing, packaging, bottling and transportation work.
Competitive Strengths
1. Focus on product development and formulations
2. Develop products as per consumer preferences
3. Long Shelf Life of products
4. In-house R&D team
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-June-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 239.87 | 141.25 | 161.37 | 32.81 | |
| Total Revenue | 93.31 | 149.47 | 42.55 | 73.71 | |
| Profit After Tax | (92.16) | (214.14) | (115.97) | (146.50) | |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1) Construction of New Corporate Office and Headquarters Building called "Valencia House" at Anjanapura, Bengaluru
2) Purchase of Key Lab Equipments for expanding R&D facilities
3) Sales, Marketing and Distribution Expenses for increasing the brand value and improved geographical reach
4) General corporate purposes
[Dilip Davda] Considering lacklustre financial data and negative P/E, there is no harm in giving this issue a miss. Read detail review...
The Valencia IPO is subscribed 1.56 times on December 27, 2019 7:45:03 PM. The public issue subscribed 0.58 times in the retail category, times in the QIB category, and 2.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.53 |
| Retail | 0.58 |
| Total | 1.56 |
| Listing Date | January 6, 2020 |
| BSE Script Code | 542910 |
| NSE Symbol | |
| ISIN | INE08RT01016 |
| Final Issue Price | ₹46 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹46.00 |
| ₹46.45 |
| ₹46.35 |
| ₹48.75 |
| ₹46.95 |
Valencia Nutrition Ltd
D. No. 134, 6th Main,
1st Block, Banashankari, 3rd Stage,
Bangalore - 560 085, Karnataka
Phone: +91 80 2679 9552
Email: info@valencianutrition.com
Website: http://www.valencianutrition.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Valencia IPO is a SME IPO of 1,572,000 equity shares of the face value of ₹10 aggregating up to ₹7.23 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 3000 Shares.
The IPO opens on December 23, 2019, and closes on December 27, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Valencia IPO opens on December 23, 2019 and closes on December 27, 2019.
Valencia IPO lot size is 3000 Shares, and the minimum amount required is ₹138,000.
You can apply in Valencia IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Valencia IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Valencia IPO allotment status.
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