Valencia India IPO: All you need to know before subscribing
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Valencia India Limited will open its Rs 48.95 crore initial public offering for subscription today, June 26. The issue, which closes on June 30, comprises a fresh issue of 40 lakh shares aggregating to Rs 44 crore and an offer for sale of 4.5 lakh shares worth Rs 4.95 crore.With a price band set between Rs 95 and Rs 110 per equity share, the IPO is being floated through the bookbuilding process and will list on the BSE SME platform, with a tentative listing date of July 3.Investors can bid for a minimum lot size of 1,200 shares, which translates to a retail investment of Rs 1.32 lakh at the upper band.Valencia India, incorporated in 2017, is a diversified business house with strong roots in real estate development, global trade, and hospitality services.The company operates across India and overseas, developing residential and commercial projects, exporting FMCG and agro commodities, and managing hospitality infrastructure including a premium club facility spread over 35,000 square feet. It also hosts corporate and family events, leveraging its resort-style amenities.The company plans to utilize the IPO proceeds primarily for the development of 15 luxury villas and a clubhouse, with the remaining funds allocated to general corporate purposes. Promoted by Keyur Patel, Valencia India has demonstrated steady financial growth, posting a PAT of Rs 1.94 crore in FY24 and achieving an EBITDA margin of 43.15%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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