₹21.78 Crores | Listing at BSE | Fri, Mar 15, 2024 - Fri, Apr 12, 2024
Valencia Nutrition Ltd Rights Issue comprises 0.8378 Cr equity shares aggregating to ₹21.78 Cr, offered at an issue price of ₹26 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Mar 7, 2024, with the Rights Issue being offered in the entitlement ratio of 15 : 10.
The term of payment is defined as following : The Full Amount of Issue Price of Rs.26/- is Payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 28, 2024.
The Rights Issue opens on Mar 15, 2024, and closes on Apr 12, 2024, with renunciation of Rights Entitlements permitted up to Apr 5, 2024.
The deemed date of allotment is Mar 28, 2024, following which the equity shares are expected to be credited to demat accounts on Apr 2, 2024 and listed at the BSE on Apr 5, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Valencia Nutrition Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Mar 7, 2024
Entitlement Ratio
15 : 10
Open Date
Fri, Mar 15, 2024
Close Date
Fri, Apr 12, 2024
The Full Amount of Issue Price of Rs.26/- is Payable on Application.
Valencia Nutrition Ltd's revenue increased by 365050% and profit after tax (PAT) dropped by -90.84% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2.55 | 2.78 | 2.45 |
| Revenue | 0.64 | 1.46 | 0.00 |
| Profit After Tax | -0.55 | -1.26 | -0.66 |
| Net Worth | -1.21 | -0.67 | -0.60 |
| Total Borrowing | 2.90 | 2.18 | 0.60 |
| Amount in ₹ Crore | |||
Incorporated in 2013, Valencia Nutrition Limited is a Biotechnology Company focusing on Nutraceuticals. The Company mainly focuses on fortified beverages, specifically Bounce Superdrinks and VITA FIZZ.
The company has manufacturing partners in Gujarat, Tamil Nadu, and Andhra Pradesh. Nearly 90% of its production is directly delivered to distributors via truckloads from these factories.
Company's income for FY 2021-22, FY 2022-23, and H1 2023: ₹0.04L, ₹146.06L, and ₹64.46L respectively.
The company has a total of 9 employees in various departments.
The company proposes to utilize the Net Proceeds to:
[Dilip Davda] Though this RI is at a discount to its last traded price, it’s a highly risky bet considering its minuscule operations and carried forward losses so far. The company operates on third party contract manufacturing for its products. Thinly traded counter is well managed to keep it above the RI pricing to lure investors. Enlarged paid-up equity post RI may face servicing issue. There is no harm in skipping this risky bet. Read detail review...
Valencia Nutrition Rights Issue 2024 got oversubscribed by 1.08 times by the end of the bidding period with total bid quantity received by BSE of 90,67,500 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Apr 12 2024 17:00:00 | 90,67,500 | 1.08x |
Valencia Nutrition Ltd
601A, Neelkanth Business Park,
6th Floor, A Wing, Nathaniliood
Vidyavihar (WIISI), Mumbai-400011
Mumbai, Maharashtra, 400011
The Valencia Nutrition Rights Issue 2024 opens on Fri, Mar 15, 2024, and closes on Fri, Apr 12, 2024.
Valencia Nutrition Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Tue, Mar 12, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Apr 5, 2024 |
| Issue Opening Date | Fri, Mar 15, 2024 |
| Issue Closing Date | Fri, Apr 12, 2024 |
| Date of Allotment (on or about) | Thu, Mar 28, 2024 |
| Date of Credit (on or about) | Tue, Apr 2, 2024 |
| Date of Listing (on or about) | Fri, Apr 5, 2024 |
You can apply for Valencia Nutrition Rights Issue 2024 in two ways:
Steps to apply for Valencia Nutrition Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Valencia Nutrition Rights Issue 2024 using Registrar's website (R-WAP)
