Valencia Nutrition IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Valencia Nutrition Limited IPO release date, IPO offer price, subscription, Valencia Nutrition IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Valencia Nutrition IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.9/10 |
| Industry Ranking | 7.2/10 |
| Company Background | 8.2/10 |
| Company Reputation | 7.7/10 |
| Competitive Edge | 7.2/10 |
| Financial Statements | 8.0/10 |
| Popularity Index | 7.9/10 |
| Promoters Reputation | 8.0/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.8/10 |
| Overall Ratings | 7.5/10 |
| Star Ratings | ★★★★☆ |
Summary of Valencia Nutrition IPO
The Company is an applied biotechnology startup operating in the niche field of researching, developing & marketing high quality, best-in-class nutraceutical products i.e. multinutrient functional beverages to prevent and/or manage lifestyle related diseases.
Their Company conforms to all necessary regulatory specifications. They firmly believe in benchmarking their product quality against the highest standards, are unflinchingly customer centric, deeply people focused, and follow ethical business practices and corporate governance standards overall. They draw their strength from an age old tradition of quality products as the best strategy for sustained growth.
Nutraceutical Market Growth
- Globally, the nutraceutical market is predicted to record revenue of USD 671.30 billion by 2024, registering a CAGR of 7.5% during the forecast period (2019 – 2024).
- Nutraceuticals are gaining importance and are becoming a part of the consumer’s daily diet. Looking at the current trends, the Indian nutraceutical market is forecasted to grow from a value of USD 2.8 Billion in 2015 to a value of USD 8.5 Billion by 2022.
The Promoters of this company are Mrs. Deepthi Anand and Mr. Manish Turakhia. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Valencia Nutrition IPO Dates
The opening and the closing date of Valencia Nutrition IPO is Dec 23 – Dec 27, 2019.
Valencia Nutrition IPO Subscription (BSE SME)
| Day / Date | NII | RII | Total Subscription |
| 1st Day – Dec 23 | 0.34x | 0.06x | 0.20x |
| 2nd Day – Dec 24 | 0.36x | 0.21x | 0.29x |
| 3rd Day – Dec 26 | 0.51x | 0.38x | 0.44x |
| 4th Day – Dec 27 | 2.12x | 0.54x | 1.33x |
| Shares Offered or Net Issue | 744,000 | 744,000 | 1,488,000 |
The shares subscribed by the public will be updated here.
Valencia Nutrition IPO Allotment Status
Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Valencia Nutrition IPO Price Band / Cash Price
The face value of each share is Rs.10,and the cash price of the IPO is Rs.46.
Valencia Nutrition IPO Size
This Initial Public Issue of 15,72,000 Equity Shares of Rs.10 each for cash at a price of Rs.46 per equity share aggregating to Rs.723.12 lakhs.
Valencia Nutrition IPO Share Offering
Fresh Issue: The Fresh Issue of 13,05,000 Equity Shares by our Company of Rs.10 each at a price of Rs.46 per equity share aggregating to Rs.600.30 lakhs,
Net Issue : The Net Issue of 14,88,000 Equity Shares of Rs.10 each at Rs.46 per Equity Share aggregating to Rs. 684.48 lakhs.
Offer for Sale : Offer for sale of up to 2,67,000 Equity Shares by the Promoter Selling Shareholder aggregating up to Rs. 122.82 Lakhs.
Valencia Nutrition Limited – Company Overview
Their Company is an applied biotechnology startup operating in the niche field of researching, developing & marketing high quality, best-in-class nutraceutical products i.e. multinutrient functional beverages to prevent and/or manage lifestyle related diseases.
Their Company is bridging the increasing gap between demand & supply for healthy products with its healthy, nutritious & flavorsome drinks – ‘Bounce Superdrinks’ & ‘VitaMe Enriched Beverage’.
Valencia Nutrition In-house Formulation
Their formulations are created in-house by highly qualified nutrition & health care professionals. The founder of their Company, Mrs. Deepthi Anand, is a biomedical professional and has over 19 years of experience in the field of medical research, nutrition research, product development & technological applications to health.
Valencia Nutrition – Flagship Brand
‘Bounce Superdrinks’ is a low-calorie hydration drink range and is their flagship brand. Bounce Superdrinks was originally manufactured under the brand name of ‘Bounce Superwater ’in 6 flavors viz. perky peach, watermelon, zesty green apple, peppy pink guava, tangy orange and litchi.
‘VitaMe Enriched Beverages’ are multi nutrient drinks customized to meet gaps in the daily diet thereby offering loads of different nutrients in a ready-to-drink, low-calorie beverage format in four flavors. VitaMe is available in four variants- Guava Electrolite, Watermelon Prebiotic, Litchi- Mint Unwind and Lemon – Lime Antioxidant Burst.
Valencia Nutrition Approach
Their Company uses a knowledge-based approach from internal and external sources in adding new products, testing them and developing them in final saleable forms.
They believe that this outsourcing model provides them with the scalability required to undertake new developments across delivery formats and also enables them to focus on the core area of research, product development, quality control and marketing of the products.
Valencia Nutrition Limited: Business strategies
- Grow their business by capitalizing on brand strength and diversifying their product portfolio.
- Diversifying and increasing penetration in markets and optimize distribution operations
- Expand their global footprint
- Continue to focus on cost efficiencies to improve operational efficiency
- Focus on R&D to develop complete systems to enhance the long-term prospects of their Company.
Valencia Nutrition Ltd – Financial Statements
On the basis of Standalone statement:
| Amount (in INR & Lakhs) | ||||
| 30-Jun-19 | 31-Mar-19 | Mar-18 | 31-Mar-17 | |
| Total Assets | 239.87 | 141.25 | 161.37 | 32.81 |
| Total Revenue | 93.31 | 149.47 | 42.55 | 73.71 |
| Total Expense | 185.47 | 363.61 | 158.52 | 220.21 |
| Profit After Tax | (92.16) | (214.14) | (115.97) | (146.50) |
Earnings per Equity Share (in Lakhs)
| Amount (in INR & Lakhs) | ||||
| 30-Jun-19 | Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | (2.54) | (6.05) | (4.36) | (9.74) |
Valencia Nutrition IPO – Promoters
The Promoters of this company are:
- Mrs. Deepthi Anand
- Mr. Manish Turakhia
List of Related Parties (Key Managerial Personnel)
- Mr. Adarsha K R, Company Secretary and Compliance Officer
- Mr. Peeyush Agrawal, Chief Financial Officer
- Mr. Akshaya T M, General Manager-New Product
Interest in promotion of the Company
Their Directors may be deemed to be interested in the promotion of the Company to the extent of the Equity Shares held by them and also to the extent of any dividend payable to them on their holding of such shares and other distributions in respect of the aforesaid Equity Shares.
Interests of Promoter in property of their Company
Their Directors have no interest in any property acquired or proposed to be acquired by their Company as on the date of this Draft Prospectus.
Valencia Nutrition IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 15,72,000 Equity Shares, aggregating up to Rs. 723.12 Lakhs |
| Of which: | |
| Fresh Issue | 13,05,000 Equity Shares, aggregating up to Rs.600.30 Lakhs |
| Offer for Sale | Up to 2,67,000 Equity Shares, aggregating up to Rs. 122.82 Lakhs |
| Issue Reserved for the Market Maker | 84,000 Equity Shares for cash at a price of Rs.46 per share aggregating Rs.38.64 lakhs |
Net Issue to the Public |
14,88,000 Equity Shares for cash at a price of Rs.46 per share aggregating Rs.684.48 lakhs |
| Of which | |
| 7,44,000 Equity Shares of Rs.10 each at a price of Rs.342.24 per Equity Share will be available for allocation for Investors of up to Rs.2.00 lakhs | |
| 7,44,000 Equity Shares of Rs.10 each at a price of Rs.342.24 per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs | |
| Equity Shares outstanding prior to the Issue | 42,80,341 Equity Shares |
| Equity Shares outstanding after the Issue | 55,85,341 Equity Shares |
Valencia Nutrition IPO Issue Object
These are the IPO Issue Objects of the company:
- 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 our brand value and improved geographical reach.
- General corporate purposes
Valencia Nutrition Limited: Key Strength
- Experienced management team
- No dependency for Product Development and Formulations
- Understanding consumer preferences and product development
- Outsourced Model for manufacturing and distribution for their products
- Long Shelf life compared to Peers
Valencia Nutrition IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management team
- No dependency for Product Development and Formulations
- Understanding consumer preferences and product development
- Outsourced Model for manufacturing and distribution for their products
- Long Shelf life compared to Peers
Valencia Nutrition IPO – Quantitative Factors
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-17 | (6.05) | (327.88)% | – |
| 31-Mar-18 | (4.36) | (104.06)% | – |
| 31-Mar-19 | (9.74) | 142.81% | 23.63 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.46 to Rs.10 per Equity Share
| Particulars | P/E ratio |
| Highest | – |
| Average | – |
| Lowest | – |
Valencia Nutrition Limited: Competitive Peers
We believe that there is no other listed company which is specifically comparable to us w.r.t. to our business model, size and financials.
Valencia Nutrition IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Gr. Floor Alkesh Dinesh Modi Marg, Opp. P.J. Tower (BSE Bldg.) Fort, Mumbai – 400 001 Tel. No.: +91 22 6216 6999 Website: www.afsl.co.in Email: ipo@afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mrs. Jyothi Shetty / Ms Hiral Motani SEBI Registration No.: INM000011344 |
Valencia Nutrition IPO Registrar to Offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Babu Rapheal SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s Balakrishna & Co., Chartered Accountants
- Legal Counsel to the Company – M/s. KANGA & CO. (ADVOCATE & SOLICITORS)
- Bankers to the Company – HDFC BANK LIMITED
Valencia Nutrition IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Valencia Nutrition IPO Grey Market Premium
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