Valencia India share price lists 20% below the issue price, at ₹88 on the BSE SME: Hits lower circuit
Investors expectations also had remains muted for the Valencia India share listing, as indicated by the subscription status or the Grey market premium
With 1.28 times the subscriptions being received, the Valencia India IPO had received a somewhat softer response from investors. By June 30 (Day 3), the public offering had been subscribed to 1.31 times in the retail category, 1.28 times in the QIB category, and 1.22 times in the NII category.
The Grey market premium (GMP) for the Valencia India IPO also had not indicated very strong listing expectations for the Valencia India shares.
The grey market premium (GMP) for the Valencia India IPO stood at nil by the listing day, according to investorgains.com. This indicated that before listing, Valencia India shares were not commanding any premium in the grey market over the issue price of ₹ 100. This also implied that investors anticipated a weak listing of shares, without any premium, on the BSE SME.
Valencia India Limited, a diverse commercial conglomerate with activities in India and abroad, was founded in 2017. The company is well-known in the construction and real estate sectors, specializing in the development of offices, malls, multiplexes, residential apartments, and bungalows.
With the goal of offering dependable and efficient services internationally, Valencia India is actively engaged in the import and export of food and non-food items in addition to real estate.
Along with selling dairy, agro, and FMCG commodities, especially in the Middle East, the corporation has made a name for itself in the hospitality and resort industries.
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