Valencia India IPO, Day 1: Check Latest GMP, Key Dates, Subscription Status And More

Valencia India IPO subscription opened on June 26. The company, which is involved in the real estate and construction sector, aims to raise nearly Rs 49 crore from the primary market through its initial public offering (IPO). Those who want to bid for shares in the IPO can check the following details before submitting their applications.

The Valencia India IPO is a book-building issue worth Rs 48.95 crore. It comprises a fresh issue of 40 lakh shares, worth Rs 44 crore, and an offer-for-sale (OFS) of 4.5 lakh shares, amounting to Rs 4.95 crore.

The price band for the IPO has been fixed between Rs 95 and Rs 110 per share.

Retail investors can participate in the IPO by bidding for a single lot size of 1,200, amounting to an investment of Rs 1,32,000 at the upper end of the price band. High Net-Worth Individuals (HNIs) must bid for at least two lots, or 2,400 shares, requiring an investment of Rs 2,64,000.

A maximum of 10% of the net issue will be allocated to Qualified Institutional Buyers. At least 63% of the net issue is reserved for retail investors. A minimum of 27% of the net issue will be offered to Non-Institutional Investors.

Interactive Financial Services Ltd. is the book-running lead manager of the Valencia India IPO. Kfin Technologies Ltd. is the registrar and Aftertrade Broking Pvt. is the market maker for the issue. 

The BSE SME issue will remain open till June 30. The IPO share allotment status is expected to be finalised on July 1. The company will initiate refunds and transfer shares to the Demat accounts on July 2.

Shares of Valencia India are scheduled to be listed on the BSE SME platform on July 3. 

The Valencia India IPO has been subscribed 0.41 times as of 4:15 p.m, as per Chittorgarh data.

• Qualified Institutional Buyers: nil

• Non-Institutional Buyers: 0.44 times

• Retail Investors: 0.46 times

*The subscription status will be updated at regular intervals

According to InvestorGain, the grey market premium (GMP) for the IPO was Rs 21 as of 3:29 p.m. The GMP indicates that Valencia India shares are likely to list at Rs 131 apiece at a premium of 19.09%.

Note: GMP does not represent official data and is based on speculation.

The company is involved in the construction and real estate industry. It is also present in the hospitality and resort industry

Use Of Proceeds

Valencia India plans to use proceeds from the IPO to build villas, club houses and for general corporate purposes.

Financials

The company’s profit after tax (PAT) rose 246.4% year-on-year (YoY) to Rs 1.94 crore in FY24 from Rs 55.85 lakh in FY23. Revenue from operations increased 35.9% YoY to Rs 7.11 crore in FY24 from Rs 5.23 crore in FY23.

For the nine months ended Dec. 31, 2024, the company reported a PAT of Rs 1.54 crore and revenue from operations of Rs 5.56 crore. 

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.