Varyaa Creations Limited IPO
BSE SMEListed On: Apr 30, 2024 at ₹ 285.0
₹ 300000 /2000 Shares
*Min Investment
22 Apr, 2024
Open Date25 Apr, 2024
Close Date26 Apr, 2024
Allotment Date30 Apr, 2024
Listing DateVaryaa Creations Limited IPO Issue Details
- Issue Price ₹150 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 13,40,000 shares(aggregating up to ₹20.1 crore)
- Fresh Share 13,40,000 shares(aggregating up to ₹20.1 crore)
- Listing at BSE SME
- List Price 285.0
- Listing Date 2024-04-30
- Lead Manager Inventure Merchant Banker Services Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,50,000 |
| Retail(max) | 1 | 1000 | ₹1,50,000 |
| NII (min) | 2 | 2000 | ₹3,00,000 |
Varyaa Creations Limited IPO Reservation
Varyaa Creations Limited IPO offers total 1,340,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,635,000 (47.39%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 70,000 (5.22%) | |
| Retail Shares Offered | 635,000 (47.39%) | |
| Total Shares Offered | 1,340,000 (100%) |
Varyaa Creations Limited IPO Details
Varyaa Creations Limited IPO is an SME IPO, priced at ₹150 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 13,40,000 equity shares, aggregating up to ₹20.1 crores..
The IPO bidding window is open from Apr 22, 2024 to Apr 25, 2024. The allotment is expected to be finalized on Apr 26, 2024, and the tentative listing date is Apr 30, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,50,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 3,00,000.
Inventure Merchant Banker Services Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Svcm Securities Private Limited will act as the market maker for this issue.
Varyaa Creations Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 635,000 | 635,000 | 1,270,000 |
Day 1 22-04-24 06:00 PM | 0.09 x | 1.31 x | 0.70 x |
Day 2 23-04-24 06:00 PM | 0.20 x | 2.48 x | 1.34 x |
Day 3 24-04-24 06:00 PM | 0.28 x | 3.65 x | 1.96 x |
Day 4 25-04-24 06:00 PM | 1.20 x | 6.09 x | 3.64 x |
Varyaa Creations Limited Valuations
Varyaa Creations Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,000.55 | 143.78 | 218.32 |
| Revenue | 538.03 | 253.13 | 12.05 |
| Profit After Tax | 78.93 | 57.98 | -13.06 |
About Varyaa Creations Limited Company
Varyaa Creations Limited is a wholesale trading company of gold, silver, precious stones, and semi-precious stones. It was incorporated in July 2005.
The products offered are Necklaces, Earrings, Tops, Rings, Bracelets, Bangles, Gemstones, Diamonds, Lab-grown diamonds, and Pearls. The company also designs custom-made jewelry according to the customers' requirements.
The portfolio provides customers with different designs of jewelry for all occasions and price ranges.
As of 31st March 2024, the company has 8 employees working in different departments.
Varyaa Creations Limited - Promoter(s)
Mrs. Pooja Vineet Naheta
Mrs. Sarika Amit Naheta
Pre Issue Share Holding : 100%
Post Issue Share Holding : 72.02%
Varyaa Creations Limited IPO - Issue Objectives
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
General Corporate Purposes.
Varyaa Creations Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Varyaa Creations Limited | 52.62 | 52.62 | 39.64 | 2.85 | 132.75 | 3.78 | Standalone |
| Pngs Gargi Fashion Jewellery Ltd | 10.2 | 10.2 | 21.38 | 9.44 | 22.78 | 25.26 | Standalone |
| Ashapuri Gold Ornament Ltd | 0.71 | 0.71 | 33.01 | 10.14 | 2.61 | 0.45 | Standalone |
Notes:
- Closing price on April 12, 2024, at BSE and for the Company, it is considered as issue price.
- Based on March 31, 2023 restated financial statements.
Contact Details
Varyaa Creations Limited
11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg-Kennedy Bridge, Gamdevi, Grant Road, Mumbai -400007
+91 9920558483
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Varyaa Creations Limited IPO - FAQs
Ans. Varyaa Creations Limited IPO is a SME IPO. The issue is priced at ₹150 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Apr 22, 2024, and closes on Apr 25, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Varyaa Creations Limited IPO opens on Apr 22, 2024 and closes on Apr 25, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Varyaa Creations Limited IPO is 1,340,000 shares(aggregating up to ₹20.10 Cr).
Ans. The Varyaa Creations Limited IPO price band is set between ₹150 per equity share.
Ans. To apply for Varyaa Creations Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Varyaa Creations Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Varyaa Creations Limited IPO is Apr 26, 2024.
Ans. The Varyaa Creations Limited IPO will be listed on Apr 30, 2024.
Ans. Follow the steps to check the Varyaa Creations Limited IPO allotment status online.
