Varyaa Creations IPO is a fixed price issue of Rs 20.10 crores. The issue is entirely a fresh issue of 13.4 lakh shares.
Varyaa Creations IPO opens for subscription on April 22, 2024 and closes on April 25, 2024. The allotment for the Varyaa Creations IPO is expected to be finalized on Friday, April 26, 2024. Varyaa Creations IPO will list on BSE SME with tentative listing date fixed as Tuesday, April 30, 2024.
Varyaa Creations IPO price is ₹150 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹300,000.
Varyaa Creations IPO Details
| IPO Date | April 22, 2024 to April 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,340,000 shares (aggregating up to ₹20.10 Cr) |
| Fresh Issue | 1,340,000 shares (aggregating up to ₹20.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,450,000 |
| Share holding post issue | 4,790,000 |
| Market Maker portion | 70,000 shares Svcm Securities |
Varyaa Creations IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Varyaa Creations IPO Timeline (Tentative Schedule)
Varyaa Creations IPO opens on April 22, 2024, and closes on April 25, 2024.
| IPO Open Date | Monday, April 22, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Varyaa Creations IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| HNI (Min) | 2 | 2,000 | ₹300,000 |
| Lot Size Calculator | |||
Varyaa Creations IPO Promoter Holding
The promoters of the Company are Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.02% |
About Varyaa Creations Limited
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.
Varyaa Creations Limited Financial Information (Restated)
Varyaa Creations Limited’s revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,049.17 | 2,000.55 | 143.78 | 218.32 |
| Revenue | 1,762.49 | 538.03 | 253.13 | 12.05 |
| Profit After Tax | 351.11 | 78.93 | 57.98 | -13.06 |
| Net Worth | 410.56 | 59.45 | -19.47 | -77.46 |
| Reserves and Surplus | 65.56 | 44.45 | -34.47 | -92.46 |
| Total Borrowing | 44.81 | 283.82 | ||
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Varyaa Creations IPO is Rs 71.85 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 85.52% |
| ROCE | 114.57% |
| RoNW | 85.52% |
| P/BV | 12.61 |
| PAT Margin (%) | 19.92 |
Check Varyaa Creations IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.29 | 14.66 |
| P/E (x) | 65.56 | 10.23 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Varyaa Creations IPO Objectives)
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 Contact Details
Varyaa Creations Limited
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankarseth Marg-Kennedy Bridge,
Gamdevi, Grant Road, Mumbai-400007
Phone: +91 9920558483
Email: info@varyaacreations.com
Website: https://varyaacreations.com/
Varyaa Creations IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html