The initial public offering (IPO) of Valencia India opened for subscription on June 26, 2025, and will remain open until June 30, 2025. This SME IPO aims to raise ₹48.95 crore through a combination of a fresh issue of 40.00 lakh shares aggregating to ₹44 crores and an offer for sale of 4.50 lakh shares aggregating to ₹4.95 crore.
As of 12:39 PM on the first day, the IPO has been subscribed 0.23 times. The retail category has seen a subscription of 0.26 times, while the Non-Institutional Investors (NII) category has been subscribed 0.23 times. The Qualified Institutional Buyers (QIB) category has not yet reflected any subscription.
The price band for the IPO is set at ₹95 to ₹110 per share. Retail investors can apply for a minimum lot size of 1200 shares, which translates to an investment of ₹1,32,000 at the upper end of the price band. High Net-Worth Individuals (HNIs) are required to bid for a minimum of two lots, totaling 2,400 shares, with an investment of ₹2,64,000.
The IPO offers a reservation of shares across different investor categories, with a maximum of 10% of the net issue allocated to Qualified Institutional Buyers (QIBs), a minimum of 63% reserved for retail investors, and a minimum of 27% offered to Non-Institutional Investors (NIIs).
The Grey Market Premium (GMP) for the Valencia India IPO was nil as of June 25, 2025, according to InvestorGain, suggesting a flat listing. However, it's important to note that the GMP is not official data and is based on market speculation.
The allotment for the Valencia India IPO is expected to be finalized on July 1, 2025. Successful allottees should see shares credited to their Demat accounts by July 2, 2025, with refunds for non-allottees processed on the same day. The tentative listing date for the IPO on the BSE SME platform is July 3, 2025.
Valencia India Limited, established in 2017, is a diversified business house with operations in real estate development, global trade, and hospitality services. The company is involved in the construction and real estate sectors, specializing in residential apartments and bungalows, as well as commercial properties like malls and office spaces. In addition to real estate, Valencia India engages in the import and export of food and non-food products, along with trading in FMCG, agricultural, and dairy products. They also operate in the hospitality sector, managing a premium club facility.
The company intends to utilize the net proceeds from the IPO for the development of 15 luxury villas and a clubhouse, in addition to general corporate purposes.
Financially, Valencia India has shown growth, with a Profit After Tax (PAT) increasing by 246.4% year-on-year to ₹1.94 crore in FY24 from ₹0.56 crore in FY23. Revenue from operations also increased by 35.9% year-on-year to ₹7.11 crore in FY24 from ₹5.23 crore in FY23.
