Valencia India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹110
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,32,000
Issue Size
₹48.95 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
63%
QIB Quota
10%
NII Quota
27%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Valencia India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
86.66%
Promoter Holding (Post-Issue)
60%
Issue Type
Book Building - SME
ISIN
INE130701019
About the Company
Basil Buildcon Private Limited, a company promoted by Keyur Patel had developed a Resorts named as a "Valencia Club Abu" resort, located in the beautiful surroundings of Foot Abu Road, Sirohi, Rajasthan, offers a unique getaway from everyday life. The resort furnished accommodations and a range of amenities, including restaurants, spas, kids' clubs, and various holiday activities.
Industry Overview
The Indian hotel industry is on the verge of exponential growth, with projections indicating a 7-9% revenue increase in FY2025. This surge is driven by the surging demand for domestic leisure travel, along with a rise in events like weddings and business travel. ICRA anticipates occupancy rates will reach their highest in a decade, fuelled by growing interest in tier-II cities and spiritual tourism destinations. Premium hotel occupancy rates are predicted to hover at 70-72% in FY24 and FY25, with average room rates expected to reach between US$ 94.06 and US$ 96.47 (Rs. 7,800-8,000) in FY25. While certain segments may surpass pre-COVID achievements, the industry is on track to match its 2008 peak by FY25, underpinned by developments in infrastructure, improved air connectivity and the proliferation of large-scale MICE events, complemented by the opening of new convention centres.
Company History
Our Company was incorporated as "Valencia Country Club Private Limited" on March 8, 2017 under the provisions of Companies Act, 2013 with the Registrar of Companies, Ahmedabad bearing Corporate Identification Number U91990GJ2017PTC096165. The name of our Company was changed to "Valencia India Private Limited" vide Special Resolution dated June 17, 2020 and a fresh certificate of incorporation consequent to conversion was issued on July 01, 2020 by the Registrar of Companies, Ahmedabad. Thereafter, the status of the Company was changed to Public Limited and the name of our Company was changed to "Valencia India Limited" vide Special Resolution dated May 06, 2024 and a fresh certificate of incorporation consequent to conversion was issued on June 20, 2024 by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is U91990GJ2017PLC096165.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 44,49,600 equity shares comprising of (a) fresh issue of 39,99,600 quity shares by the company (b) an offer for sale of 4,50,000equity shares by the selling shareholder of face value of Rs.10/- each of Valencia India Limited ("VIL" or the "Company" or the "Issuer") for cash at a price of Rs.110.00 per equity share including a share premium of Rs. 100.00 per equity share (the "Issue Price") aggregating to Rs. 48.96 crores ("the Issue"), of which 2,23,200 equity shares of face value of Rs.10/- each for cash at a price of Rs.110.00 per equity share including a share premium of Rs.100.00 per equity share aggregating to will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 42,26,400 equity shares of face value of Rs.10/- each at a price of Rs. 110.00 per equity share aggregating to Rs. 46.49 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 34.23 % and 32.51 % respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Valencia Abu: The Perfect Blend of Location, Luxury, and Amenities.
- Delivery of quality family holiday experience.
- Exceptional Service.
- Strength in RCI Affiliates.
- Experience of Our Promoter.
- The company has entered in to lease agreement for term of 20 years and upon expiry of the term the lease shall be renewable for such further period as may be mutually agreed between both the parties with a Lock in Period of 5 years with Mahindra Holidays and Resorts India Limited (Club Mahindra). In case the Club Mahindra terminate the lease agreement after Lock in period of 5 years, the income, profitability of the company will be adversely effected.
- Its inability to manage the timing of vacation requests of our members and the company affiliates members could lead to member dissatisfaction as well as loss of revenue generation opportunities.
- Its inventory of rooms and cottages may be in excess of the vacation ownerships sold by it to the company members and affiliates and this may have an adverse effect on its results of operations. Similarly, the company inventory of rooms and cottages could limit its growth prospects if such inventory is less than the number of vacation ownerships sold by the company.
- The Company has entered in to an Agreement with RCI affiliates for a period of 10 years w.e.f October 24, 2017, as per the terms of agreement the RCI affiliates can also book its rooms and to that extent the availability of rooms to the company members will be restricted which create the dissatisfaction to its members and may affect the company reputations, business and profitability adversely. In case its members also not get the booking in RCI affiliates it will spoil its reputation.
- With the execution of agreement to Lease with the Mahindra Holidays and Resorts India Limited (Club Mahindra), the company is relaying on club Mahindra for its rent income which is the major portion of the company income.