Valencia India Ltd plans to raise up to Rs. 48.95 crore from public issue. IPO opens on June 26, 2025
New Delhi [India], June 25: Valencia India Limited – a diversified business conglomerate with operations in India and overseas – is planning to raise upto Rs. 48.95 crore from its public issue. The public issue will open for subscription on June 26, 2025 and will close on June 30, 2025. Interactive Financial Service Ltd is [...]
New Delhi [India], June 25: Valencia India Limited – a diversified business conglomerate with operations in India and overseas – is planning to raise upto Rs. 48.95 crore from its public issue. The public issue will open for subscription on June 26, 2025 and will close on June 30, 2025. Interactive Financial Service Ltd is the book running lead manager of the issue. Shares will be listed on BSE SME platform.
The initial public offering of Rs. 48.95 crore is a combination of a fresh issue of 40.00 lakh equity shares aggregating to Rs. 44.00 crores and an offer for sale of 4.50 lakh equity shares aggregating to Rs. 4.95 crores. The total issue involves 44.50 lakh equity shares for a face value of Rs. 10 each. Price band for the issue is Rs. 95 – Rs. 110 per share. Out of the issue proceeds, the company plans to use the funds for the development of 15 villas and a clubhouse, as well as for general corporate purposes. Minimum lot size for the application is 1,200 shares which translates into a minimum investment of Rs. 1,14,000 at lower price band of Rs 95 and Rs. 1,32,000 at the upper price band of Rs. 110 per share. The retail quota for the issue is not less than 63%, NII is not less than 27%, QIB is not more than 10%.