07-Mar-2024
2 mins read
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Valencia Nutrition Limited is coming up with its rights issue which will open on Friday, March 15, 2024 and close on Friday, March 22, 2024. The record date is set for Thursday, March 7, 2024. The last date to buy shares is Wednesday, March 6, 2024. The issue size is of 83,78,012 equity shares amounting to Rs 21.78 crores. The issue price is set at Rs 26 per share and face value is at Rs 10 per share. The eligible shareholders are being offered fifteen Rights Equity shares for every ten fully paid up equity shares held on a March 7, 2024, record date. Through this issue the company is planning to raise Rs 21.78 crores. The lead managers for this issue is not yet announced and the registrar is Bigshare Services Private Limited.
About Valencia Nutrition Limited Company Profile
Valencia Nutrition Limited company was incorporated in 2013, engaged in the business of Nutraceuticals. It is a Biotechnology company focusing on forfeited beverages, specifically Bounce Superdrinks. Valencia Nutrition Limited has manufacturing partners in Gujarat, Tamil Nadu and Andhra Pradesh. Nearly 90 per cent of the company’s production is directly delivered to the distributors by heavy trucks and other vehicles.
Company’s reported income for the FY 2021-2022 is Rs 0.04 lakhs and FY 2022 – 2023 is Rs 146.06 Lakhs. As per the latest record available, Valencia Nutrition Limited has a total of 9 employees working in the various departments.
Primary Objectives of Valencia Nutrition Rights Issue
The net funds received from this upcoming rights issue will be utilised for the adjustment of unsecured loans against the entitlement of the promoter. Other than this, the amount received will be used to fulfil the working capital requirements of the company. Moreover, the general corporate purposes will also be fulfilled.
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Financial Details of Valencia Nutrition (Amt in Rs Crores)
Company posted a revenue of Rs 0.64 crore and profit after tax is negative -0.55 crore for the quarter ended on 30 Sep 2023. The company’s revenue increased by 365050% and profit after tax dropped by -90.84% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 |
| Assets | 2.55 | 2.78 | 2.45 |
| Revenue | 0.64 | 1.46 | 0 |
| Profit After Tax | -0.55 | -1.26 | -0.66 |
| Net Worth | -1.21 | -0.67 | -0.6 |
| Total Borrowing | 2.9 | 2.18 | 0.6 |
Important Dates for Valencia Nutrition Limited Rights Issue
| Issue Open | March 15, 2024 – March 22, 2024 |
| Security Name | Valencia Nutrition Ltd |
| Issue Size (Shares) | 8,378,012 |
| Issue Size (Amt) | Rs 21.78 Crores |
| Issue Price | Rs 26 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | Full Amount of Issue Price of Rs 26 is Payable on Application. |
| Entitlement | Fifteen Rights Equity Shares for every ten fully paid-up Equity Shares held on Record Date |
Timetable of Valencia Nutrition Limited Rights Issue
| Last Date to buy shares | 6-Mar-24 |
| Record Date | 7-Mar-24 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | 15-Mar-24 |
| Renunciation of Rights Entitlements | 19-Mar-24 |
| Bid/Offer Closes On | 22-Mar-24 |
| Deemed Date of Allotment | not yet announced |
| Credit Date | not yet announced |
| Listing Date | not yet announced |
How to Apply for Valencia Nutrition Limited Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Valencia Nutrition Limited Rights Issue with Bigul.
How to Check Allotment Status of Valencia Nutrition Limited Rights Issue?
The registrar for Valencia Nutrition Limited Rights Issue is Bigshare Services Private Limited. You can check the allotment by clicking here.
FAQs
- What is the Valencia Nutrition Limited Rights Issue?
Valencia Nutrition Limited is coming up with its rights issue which will open on Friday, March 15, 2024 and close on Friday, March 22, 2024. The record date is set for Thursday, March 7, 2024. The last date to buy shares is Wednesday, March 6, 2024. The issue size is of 83,78,012 equity shares amounting to Rs 21.78 crores.
- When does the Rights Issue open and close?
This Rights Issue will open for subscription on March 15, 2024 and closes on March 22, 2024.
- How can I apply for the Valencia Nutrition Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
- How can I check the allotment status of the Valencia Nutrition Limited Issue?
The registrar for this right issue is Bigshare Services Private Limited. Investors can check out the allotments status by clicking here.
- What is the objective of Valencia Nutrition Limited Rights Issue?
The net funds received from this upcoming rights issue will be utilised for the adjustment of unsecured loans against the entitlement of the promoter. Other than this, the amount received will be used to meet the working capital requirements of the company.
- What is the record date for the Valencia Nutrition Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for March 7, 2024.
- Where will the Valencia Nutrition Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Valencia Nutrition Limited Right Issue?
The entitlement ratio is set at fifteen rights equity Shares for every ten fully paid-up equity shares held on record date March 7, 2024.
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