Valencia India shares list at 20% discount on BSE SME platform

The shares of Valencia India listed at a discount of 20% on the BSE SME exchange on Thursday. The stock debuted at Rs 88 against an issue price of Rs 110.

The IPO, which opened on June 26 and closed on June 30, saw the issue priced at Rs 110 per share. It comprised a fresh issue of 40 lakh equity shares worth Rs 44 crore and an OFS of 4.5 lakh shares amounting to Rs 4.95 crore.

While Interactive Financial Services was the lead manager for the issue, Kfin Technologies acted as the registrar.

Valencia India is a diversified company with interests across real estate, FMCG exports, and hospitality. It is involved in developing residential and commercial real estate projects, as well as operating a premium club and resort business.

Its flagship property in Gujarat, Valencia Abu, offers luxury villas and clubhouse services, with the company recently leasing over 35,000 sq. ft. of built-up club facilities.

The company also trades and exports food and non-food commodities globally, particularly targeting the Middle East, and is gradually expanding its presence in events and hospitality services.

As of May 30, 2025, the company employs 19 full-time staff and posted a net profit of Rs 1.94 crore for FY24 on revenues of Rs 7.11 crore.

With zero GMP and a relatively high price-to-earnings ratio of 69.63 on post-issue basis, analysts are watching closely to see if the listing garners traction purely on the back of the company’s diversification story and long-term real estate plans.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)