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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 ₹46.00 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). The minimum lot size investment for 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 Date | December 23, 2019 to December 27, 2019 |
| Listing Date | January 6, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 15,72,000 shares (aggregating up to ₹7.23 Cr) |
| Reserved for Market Maker | 84,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3864 Cr) |
| Fresh Issue (Ex Market Maker) | 12,21,000 shares (aggregating up to ₹5.62 Cr) |
| Offer for Sale | 2,67,000 shares of ₹10 (aggregating up to ₹1.23 Cr) |
| Net Offered to Public | 14,88,000 shares (aggregating up to ₹6.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 42,80,341 shares |
| Share Holding Post Issue | 55,85,341 shares |
Valencia IPO offers total 15,72,000 shares. Out of which 7,44,000 (47.33%) allocated to NII, 7,44,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.34%) |
| NII (HNI) Shares Offered | 7,44,000 (47.33%) |
| Retail Shares Offered | 7,44,000 (47.33%) |
| Total Shares Offered | 15,72,000 (100.00%) |
Valencia Nutrition IPO opens on December 23, 2019, and closes on December 27, 2019.
| IPO Open Date | Mon, Dec 23, 2019 |
| IPO Close Date | Fri, Dec 27, 2019 |
| Tentative Listing Date | Mon, Jan 6, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 27, 2019 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Valencia Nutrition IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Considering lacklustre financial data and negative P/E, there is no harm in giving this issue a miss. Read detail review...
| Listing Date | January 6, 2020 |
| BSE Script Code | 542910 |
| NSE Symbol | |
| ISIN | INE08RT01016 |
| Final Issue Price | ₹46 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹46.00 |
| Open | ₹46.45 |
| Low | ₹46.35 |
| High | ₹48.75 |
| Last Trade | ₹46.95 |
Valencia Nutrition Ltd.
D. No. 134, 6th Main,
1st Block, Banashankari,
3rd Stage,
Bangalore Urban, Karnataka, 560085
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
Valencia Nutrition IPO is a SME IPO of 15,72,000 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.
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.
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 December 23, 2019 and closes on December 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 Monday, January 6, 2020.
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