Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Dec 23, 2019 - Fri, Dec 27, 2019
Valencia Nutrition IPO is a fixed price issue of ₹7.23 crores. The issue is a combination of fresh issue of 0.13 crore shares aggregating to ₹6.00 crores and offer for sale of 0.03 crore shares aggregating to ₹1.23 crores.
Valencia Nutrition IPO bidding started from Dec 23, 2019 and ended on Dec 27, 2019. The shares got listed on BSE SME on Jan 6, 2020.
Valencia Nutrition IPO price is ₹46 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,76,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Valencia Nutrition IPO RHP for detailed Information.
IPO Open
Mon, Dec 23, 2019
IPO Close
Fri, Dec 27, 2019
Issue Price
₹46 per share
Market Cap (Pre-IPO)
₹25.69 Cr
| IPO Date | 23 to 27 Dec, 2019 |
| Listed on | Mon, Jan 6, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,72,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 84,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3864 Cr) |
| Fresh Issue (Ex Market Maker) | 12,21,000 shares (agg. up to ₹6 Cr) |
| Offer for Sale | 2,67,000 shares of ₹10 (agg. up to ₹1 Cr) |
| Net Offered to Public | 14,88,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 42,80,341 shares |
| Share Holding Post Issue | 55,85,341 shares |
| BSE Script Code | 542910 |
| ISIN | INE08RT01016 |
Valencia Nutrition IPO comprises a total issue size of 15,72,000 shares. The net offer to the public is 14,88,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,44,000 (50.00%) allocated to NII 7,44,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,44,000 | 50.00% | 47.33% |
| Retail Shares Offered | 7,44,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.34% | |
| Total Shares Offered | 15,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,38,000 |
| Retail (Max) | 1 | 3,000 | ₹1,38,000 |
| HNI (Min) | 2 | 6,000 | ₹2,76,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction of New Corporate Office and Research Development & Pre Mix Laboratory Building called “Valencia House” at Anjanapura, Bengaluru | 2.00 |
| 2 | Purchase of Key Lab Equipments for expanding R&D facilities | 0.52 |
| 3 | Sales, Marketing and Distribution Expenses for increasing our brand value and improved geographical reach | 1.85 |
| 4 | General Corporate Purposes | 0.90 |
The Valencia IPO is subscribed 1.56 times on December 27, 2019 7:45:03 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.53 | 7,44,000 | 18,84,000 |
| Retail | 0.58 | 7,44,000 | 4,35,000 |
| Total | 1.56 | 14,88,000 | 23,19,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees and reimbursements of Market Making fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.77 |
| 2 | Brokerage and selling commission | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.05 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹46.00 |
| Open | ₹46.45 |
| Low | ₹46.35 |
| High | ₹48.75 |
| Last Trade | ₹46.95 |
Lead Manager Reports
Valencia Nutrition IPO is a SME IPO of 15,72,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Dec 23, 2019, and closes on Fri, Dec 27, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Valencia Nutrition IPO using UPI as a payment gateway. Zerodha customers can apply in Valencia Nutrition IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Valencia Nutrition IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Valencia Nutrition IPO opens on Mon, Dec 23, 2019 and closes on Fri, Dec 27, 2019.
Valencia Nutrition IPO lot size is 3000, and the minimum amount required for application is ₹1,38,000.
You can apply in Valencia Nutrition IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Valencia Nutrition IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Valencia Nutrition IPO allotment status.
The Valencia Nutrition IPO listing date is on Mon, Jan 6, 2020.
