Valencia India shares listed at Rs 88 against their IPO price of Rs 110
Valencia India shares made their debut in the stock market today, but on the very first day, the inspirations of investors were rekindled. The IPO of the company was listed on BSE today, but the enthusiasm with which investors had invested in it, the enthusiasm fell from the structure after the listing. Valencia India shares were listed at Rs 88 against their IPO price of Rs 110. Not only this, after this, the stock also got a lower circuit of 5% and it reached a low of Rs 83.60.
Expectations were elevated, but the listing is bad
Valencia India launched its SME IPO to raise Rs 48.95 crore from the stock market. Inu was fiercely interested in this issue, which lasted from 26 June to 30 June. This issue was completely subscribed during the three -day dialect. The company had fixed a price band of Rs 95 to 110 per share for this. This IPO included a fresh issue of 40 lakh shares, as well as an offer for sale of Rs 4.95 crore.
Investors had to buy a lot of at least 1,200 shares, for which investment of Rs 1.32 lakh was necessary. If an investor wants to take more shares than this, then he had to invest many times. But after the listing price reached Rs 88, the price of a lot was Rs 1.056 lakh. This means that investors suffered a loss of Rs 26,400 on every lot. This disadvantage is a big setback for those investors, who put great expectations in this IPO.
What is the business of Valensia India?
Valencia India is not an ordinary company. This is a business group whose portfolio is spread in many areas. The company does business in India as well as abroad. Its scope extends to the import-export of real estate, construction, food and non-food products. Not only this, Valensia India also has a strong presence in the hospitality sector. Its portfolio also includes some famous resorts, making it a diverse business group. Seeing this diverse business of the company, there was enthusiasm among investors that perhaps it would perform well in the stock market. But on the very first day of the listing, the decline in the share price put a brake on all expectations.
What to do now investor?
This weak start of Valencia India shares has put investors into thinking. Market experts say that this kind of instability in SME IPO is not new. But for investors who put money in it, this loss is disappointing. Some experts believe that the company's business model is strong, so it can recover the share in a long time. But for now, investors are being advised to be patient.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India has to take advice from its financial advisors before taking any decision related to money to its readers and audience.
Source: www.tv9hindi.com
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