Valencia India
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 26 Jun 2025 – 30 Jun 2025
- Listing date
- 03 Jul 2025
- Face value
- ₹1 per share
- Issue price
- ₹110 per share
- Lot size
- 1,200 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹48.95 Cr
- Market cap at offer price
- ₹143 Cr
- Promoter holding
- 88.66% → 60.00% pre-issue → post-issue
- ISIN
- INE130701019
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Interactive Financial Services Ltd.
- Registered office
- Unit No.927, Gala Empire, Opp.Doordarshan Tower, Drive In road, Thaltej Road, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 2,23,200 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹110
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,32,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,64,000 |
| S-HNI (max) | 7 | 8,400 | ₹9,24,000 |
| B-HNI (min) | 8 | 9,600 | ₹10,56,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 2.16 | 1.58 |
| P/E (×) | 50.93 | 69.62 |
| Price to book (×) | 10.75 | — |
| Market cap | — | ₹143 Cr |
Key performance indicators
- Return on net worth
- 21.08%
- ROCE
- 28.36%
- Debt / equity
- 0.16
- PAT margin
- 27.28%
- EBITDA margin
- 43.15%
- NAV per share
- ₹10.23
- Price to book
- 10.75
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Valencia India
Valencia India Limited was established to operate and maintain a 3-star resort club developed by Basil Buildcon Pvt Ltd and promoted by Keyur Patel. Located on a riverside location in the industrial city of Jaisalmer, Rajasthan, the resort was given to the company on a functional basis in 2017 under an agreement with a sister company. The company operates the club, managing shared dining areas, bars, restaurants, banquet facilities, residential rooms, and party lounges. It generates revenue through accommodation services and provides amenities including a swimming pool and indoor games to members.
Company Analysis
from RHPValencia India Limited operates a 3-star riverside resort in Jaisalmer offering accommodation, dining, and leisure facilities including indoor games and swimming pool.
Valencia India Limited was established to operate and maintain a 3-star resort club developed by Basil Buildcon Pvt Ltd and promoted by Keyur Patel. Located on a riverside location in the industrial city of Jaisalmer, Rajasthan, the resort was given to the company on a functional basis in 2017 under an agreement with a sister company. The company operates the club, managing shared dining areas, bars, restaurants, banquet facilities, residential rooms, and party lounges. It generates revenue through accommodation services and provides amenities including a swimming pool and indoor games to members.
Issue Structure
- Offer for Sale
- 45,000 equity shares
- Price Band
- ₹ 95/- TO ₹ 110/- PER EQUITY SHARE
- Lot Size
- 1200 equity shares
- Face Value
- ₹ 10/-
Business Model
The company operates the resort club on a functional basis under an agreement covering club liability and surrounding areas. Revenue is generated from member accommodations, dining and restaurant services, banquet facilities, and leisure amenities. The company entered into an RCI affiliation agreement for 10 years from October 1, 2017, which provides additional booking opportunities for members.
SWOT Analysis
- • Unique riverside resort location in heritage tourism destination(p.1)
- • RCI affiliation enabling access to broader member booking network(p.1)
- • Comprehensive facilities and amenities portfolio(p.1)
- • Limited financial resources constraining growth and acquisitions(p.1)
- • Talent attraction and retention challenges(p.1)
- • Dependency on lease agreement with fixed term and lock-in period(p.1)
- • Limited room and cottage inventory constraining growth(p.1)
- • Operational dependence on third-party member management(p.1)
- • Heritage tourism growth in Jaisalmer vicinity(p.1)
- • Loss of operational control upon lease expiry(p.1)
- • Reputational risk from RCI affiliate member bookings(p.1)
- • Liability exposure from member conduct and third-party agreements(p.1)
- • Seasonal business volatility and revenue concentration(p.1)
- • Loss of revenue from member investment decisions and new enrollments(p.1)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Keyur Patel | Company | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.