Valencia Nutrition Ltd IPO Subscription will open from Dec 23 to Dec 27:
Valencia Nutrition Ltd was launched in 2013 in Bangalore. It was involved in developing, researching, marketing, and quality control activities of nutraceutical products. The company launched the Valencia Nutrition Ltd IPO. The type of IPO is the Fixed Price Issue. Subscription will star on 23rd Dec 2019 and closes on 27th Dec 2019.
Valencia Nutrition Ltd IPO Details:
|IPO open||23rd Dec to 27th Dec 2019|
|IPO Type||Fixed Price Issue|
|IPO Size||1,572,000 Eq Shares of Rs 10 (aggregating up to Rs 7.23 crore)|
|Fresh Issue||1,305,000 Eq Shares of Rs 10 (aggregating up to Rs 6.00 Crore)|
|Offer for Sale||2,67,000 Eq Shares of Rs 10 (aggregating up to Rs 1.23 crore)|
|Face Value||Rs 10 Per Eq share|
|Issue Price||Rs 46 per Eq Share|
|Market Lot||3,000 Shares|
|Min Order Quantity||3,000 Shares|
|Listing At||BSE SME|
The size of the IPO is 1,572,000 equity share of Rs 10 with aggregating up to Rs 7.23 crore. In that, 1,305,000 equity shares are fresh issues of the company. Moreover, the share offered for sales is 267,000 equity shares of Rs 10 with aggregating up to Rs 1.23 crore.
The face value of this is Rs 10 per equity share, and also the price of the IPO is Rs 46 per eq share. Valencia Nutrition Ltd’s minimum and maximum price of this issue are Rs 138,000 for a single lot (3,000 shares).
The promoters of the company were Mr. Manish Turakhia and Mrs. Deepthi Anand.
|Pre Issue Share Holding||82.09%|
|Post issue ShareHOlding||62.92%|
The IPO preferred to utilize the raised amount for establishing a new headquarters, purchasing of lab equipment to enlarge its R&D, and also for general corporate purposes. The IPO will be listed on BSE SME.
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Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.