Valencia Nutrition Limited
Third company to get listed on BSE Startups Platform
Mumbai, January 6, 2020: Valencia Nutrition Limited became 3rd company to get listed on the BSE Startup Platform on January 6, 2020. Valencia Nutrition Limited came out with an initial public offering of 15,72,000 Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs. 46/- Per Equity Share (The “Offer Price”), Aggregating to Rs. 723.12 lacs. The company has successfully completed its public issue on December 27, 2019.
BSE became the first stock exchange to get the approval from SEBI and launch its Startups platform on 22nd December, 2018.
Valencia Nutrition Limited is a Karnataka based company whose registered office is at Bangalore. The Company is bridging the increasing gap between demand & supply for healthy products with its healthy, nutritious & flavorsome drinks – ‘Bounce Superdrinks’ & ‘VitaMe Enriched Beverage’. They have been working in a most focused manner since last 4 years to fully evolve a well-researched product and develop a niche brand within this nascent but high potential market.
Mumbai based Aryaman Financial Services Limited was the lead manager for Valencia Nutrition Limited.
The 3 companies listed on BSE Startups Platform have raised Rs. 14.76 crores from the market and total market capitalization of these companies as on January 6, 2020 is 54.64 Crores. BSE is the market leader in this segment with a market share of 100 percent.
The response since the launch of this platform by BSE has been very positive and till date, the following 2 companies have already listed on this platform
1. Alphalogic Techsys Limited
2. Transpact Enterprises Limited
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