Valencia Nutrition Rights Issue will open for subscription from 15 March 2024. the company aims for an issue size of ₹21.78 Crores through this rights Issue.
About the company
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.
Objectives of the Issue
- Adjustment of Unsecured Loans against the Entitlement of the Promoter
- Working capital requirements
- General Corporate Purposes.
Valencia Nutrition Rights Issue Timetable
| Last Date to buy shares | 06 March 2024 |
| Record Date | 07 March 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 15 March 2024 |
| Renunciation of Rights Entitlements | 05 April 2024 |
| Bid/Offer Closes On | 12 April 2024 |
| Deemed Date of Allotment | 28 April 2024 |
| Credit Date | 02 April 2024 |
| Listing Date |
Valencia Nutrition Rights Issue Details
| Issue Open | March 15, 2024 – April 12, 2024 |
| Security Name | Valencia Nutrition Ltd |
| Issue Size (Shares) | 8,378,012 |
| Issue Size (Amount) | ₹21.78 Crores |
| Issue Price | ₹26 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The Full Amount of Issue Price of Rs.26/- is Payable on Application. |
| Entitlement | 15 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Company Financials
| 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 |
Valencia Nutrition Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Valencia Nutrition Ltd
601A, Neelkanth Business Park,
6th Floor, A Wing, Nathaniliood
Vidyavihar (WIISI), Mumbai-400011
Phone: +91 22 35418449
Email: compliance@valencianutrition.com
Website: http://valencianutrition.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
