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.
| Bidding Dates |
|---|
| 23 Dec 2019 - 27 Dec 2019 |
| Subscription |
|---|
| 1.56x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,38,000 | 1 | 1 | 3000 | 1.6 M | ₹46 | 71.85 % | ₹72.3 M | RHP DOC |
Valencia Nutrition IPO SUBSCRIPTION STATUS
27 Dec '19Valencia Nutrition IPO overall subscription rate was 1.56 times the total available shares
Valencia Nutrition IPO retail subscription rate was 0.58 times in the retail segment
Valencia Nutrition IPO non-institutional investor subscription rate was 2.53 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Dec 2019 (Day 3) | 0.38x | 0.52x | - |
27 Dec 2019 (Day 4) | 0.58x | 2.53x | - |
23 Dec 2019 (Day 1) | 0.06x | 0.33x | - |
24 Dec 2019 (Day 2) | 0.21x | 0.35x | - |
Valencia Nutrition FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 3MFY20 | -9.2 | 9.3 | -6.0 | -18.4 |
| FY19 | -21.4 | 14.2 | -25.6 | -26.5 |
| FY18 | -11.6 | 4.1 | -12.8 | -13.4 |
| FY17 | -14.7 | 7.3 | -11.2 | -11.7 |
Valencia Nutrition IPO SUBSCRIPTION STATUS DETAILS
Valencia Nutrition had 1.6 M shares on offer
Valencia Nutrition IPO offer price was ₹46
Valencia Nutrition IPO minimum Investment was ₹138000
Valencia Nutrition IPO issue size was ₹ 72.3 M
Valencia Nutrition had a minimum lot size of 3000 Shares per application
Valencia Nutrition NUMBER OF SHARES ON OFFER
Valencia Nutrition IPO IMPORTANT DATES
| Issue Open Date | 23 Dec 2019 |
| Issue close Date | 27 Dec 2019 |
| Allotment Date | 01 Jan 2020 |
| Refund Date | 02 Jan 2020 |
| Demat Account Credit Date | 03 Jan 2020 |
| Listing Date | 06 Jan 2020 |
| Listing on Exchange(s) | BSE |
| Valencia Nutrition Allotment Status | Exchange |
Valencia Nutrition IPO subscription opened on 23 Dec 2019, and closed on 27 Dec 2019
IPO allotment for Valencia Nutrition was finalized on Wednesday, 01 Jan 2020
IPO listing for Valencia Nutrition was on BSE on Monday, 06 Jan 2020
Valencia Nutrition IPO LISTING GAINS
| Issue Price (adjusted) | 46.0 |
| Listing Open Price | 46.5 |
| Listing Close Price | 47.0 |
| Listing Gain% | 1.0% |
| Current Gain% | -6.3% |
Valencia Nutrition Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valencia Nutrition Ltd. | 43.1 | 24.1 | 72.3 | 2.5 | 2.6 | 1.8 | 9.6 | 1.1 | 0.6 | ||||
| Varun Beverages Ltd. | 442 | 149504.9 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 805.1 | 14327.2 | 25.2 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 906.6 | 12351.3 | 20.4 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1636.2 | 10328.1 | 48.1 | 0.2 | 7.6 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113.4 | 2066.8 | 60 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Valencia Nutrition INFORMATION ON IPO ISSUE
About Valencia Nutrition
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.
Object of the Issue
- Construction of New Corporate Office and Headquarters Building called "Valencia House" at Anjanapura, Bengaluru
- Purchase of Key Lab Equipments for expanding R&D facilities
- Sales, Marketing and Distribution Expenses for increasing the brand value and improved geographical reach
- General corporate purposes
Valencia Nutrition - PROMOTERS
| Name |
|---|
| Deepthi Anand |
| Manish Turakhia |
Valencia Nutrition Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Valencia Nutrition Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Valencia Nutrition Strengths
Experienced management team
The company has a qualified and professional management team with significant experience in all operational aspects of the business and the industry experience of the promoters and the management team and their ability to deliver consistent sales growth are its significant strengths
Understanding consumer preferences and product developmen
The company's ability to understand consumer preferences and focus on initiatives to develop product attributes that are most valued by consumers is one of its key strengths
Valencia Nutrition Risks
Legal proceedings
The company is a party to certain legal proceedings and this proceeding is currently pending before the Commissioner of Income Tax (Appeals), Bangalore
Losses incurred in the past
The company is an applied biotechnology startup operating in the niche field of researching, developing & marketing high-quality, best-in-class nutraceutical products and it has incurred losses in the past due to research and development activities and may incur losses in the future also as the company is innovation driven
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1.2 crore, of 267,000 shares. It also consists of a fresh issue of Rs 6.0 crore.
The promoters of the company are Deepthi Anand and Manish Turakhia.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 46.0 - 46.0.
The IPO application opens on Dec 23, 2019 and closes on Dec 27, 2019.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 138,000.0, the maximum value for this IPO is Rs 138,000.0.
This IPO will be allotted on Jan 01, 2020.
The refund will be credited to your account on Jan 02, 2020.
The allotted shares will be credited to your demat on Jan 03, 2020.
Valencia Nutrition Ltd.’s shares listed on the stock exchanges on Jan 06, 2020.