IPO DETAILS : Valencia Nutrition Ltd.
The Issue comprises the Offer for Sale and the Fresh Issue.
Offer for Sale
The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to their respective portion of the proceeds of the Offer for Sale, net of their respective portion of the Issue related expenses.
Fresh Issue
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects (collectively, referred to herein as the “Objects”):
1. Construction of New Corporate Office and Research Development & Pre Mix Laboratory Building called “Valencia House” at Anjanapura, Bengaluru2. Purchase of Key Lab Equipments for expanding R&D facilities3. Sales, Marketing and Distribution Expenses for increasing the brand value and improved geographical reach.4. General corporate purposes.
THE PROMOTERS OF THE COMPANY ARE:1. Mrs. Deepthi Anand2. Mr. Manish Turakhia
1. Mrs. Deepthi Anand : Mrs. Deepthi Anand, aged 44 years is the Managing Director and founding promoter of the Company. She holds Masters of Science in Biomedical Engineering from Newark College of Engineering (New Jersey Institute of Technology), New Jersey, USA. She has around two decades of experience in biomedical field. In the past, she was associated with Scalene Technologies, Bangalore as Research Associate, Kessler Institute for Rehabilitation, New Jersey as Research Associate, Three Rivers, Arizona as Researcher, Asiatic Clinical Research, Bangalore as CCO Operations, Karle Group, Bangalore as Consultant Operations, Bioquest Global, Bangalore as Head of Clinical Research and Semler Research Centre as Associate Director of Business Development. She later founded the Company to develop and sell cutting edge nutrition products. Now as a Managing Director of the Company she has been guiding force behind the growth and business strategy of the Company.
PAN : AETPA5583MPassport No. : J0768326Driver’s License No. : KA41 20100002203Aadhar Card No. : 8759 8824 6291
2. Mr. Manish Turakhia : Mr. Manish Turakhia, aged 53 years is Co-Promoter, Chairman and Non-Executive Director of the Company. He holds Bachelor’s Degree of Commerce from University of Bombay. He has more than three decades of experience in capital market, corporate finance and investment banking. In 2015, he along with his wife Mrs. Meghna Turakhia formed Veer Value Ventures LLP. Currently, he is Director in Veer Capital Management Private Limited and Veer Haria Securities Private Limited.
PAN : AAAPT3297NPassport No. : J5505761Driver’s License No. : MH03 19910016557Aadhar Card No. : 5008 5252 8895