Varyaa Creations Limited IPO Detail
Incorporated in July 2005, Varyaa Creations Limited deals in wholesale trading of gold, silver, precious stones, and semi-precious stones.
The product portfolio includes Necklaces, Earrings, Tops, Rings, Bracelets, Bangles, Gemstones, Diamonds, Lab-grown diamonds, and Pearls. We also create custom-made jewellery based on customers' requirements.
The portfolio offers customers various jewellery designs for all occasions and price points.
As of 31st March 2024, the company employs 8 people in various departments.
Company Promoters
Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit NahetaIPO Details
| IPO Opening Date | Apr 22, 2024 |
| IPO Closing Date | Apr 25, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹150 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹20.10 Cr |
| Fresh Issue | ₹20.10 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.09x | 1.31x | 0.70x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.20x | 2.48x | 1.34x |
| Day 3 | 0.00x | 0.00x | 0.00x | 0.28x | 3.65x | 1.96x |
| Day 4 | 0.00x | 0.00x | 0.00x | 1.08x | 6.09x | 3.59x |
IPO Tentative Timetable
The Varyaa Creations Limited IPO open date is Apr 22, 2024, and the close date is Apr 25, 2024. The issue may list on Apr 30, 2024.
| IPO Open Date | Apr 22, 2024 |
| IPO Close Date | Apr 25, 2024 |
| Basis of Allotment Date | Apr 26, 2024 |
| Initiation of Refunds | Apr 29, 2024 |
| Credit of Shares to Demat Account | Apr 29, 2024 |
| IPO Listing Date | Apr 30, 2024 |
IPO Lot Size
The Varyaa Creations Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹150000 |
| Maximum | 1 | 1000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.02% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 218.32 | 12.05 | -13.06 |
| 31-Mar-22 | 143.78 | 253.13 | 57.98 |
| 31-Mar-22 | 2000.55 | 538.03 | 78.93 |
| 30-Sep-23 | 1049.17 | 1762.49 | 351.11 |
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
- To finance the establishment of the new showroom,
- Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom;
- Purchase of Inventory; and
- General Corporate Purposes.
Varyaa Creations Limited IPO Registrar:
Bigshare Services Pvt Ltd
Varyaa Creations Limited IPO Lead Manager(s):
Inventure Merchant Banker Services Pvt Ltd
Company Contact Information:
Varyaa Creations Limited
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankarseth Marg-Kennedy Bridge,
Gamdevi, Grant Road, Mumbai-400007
