Fixed Price IPO | ₹20 Cr | Listed at BSE SME | Mon, Apr 22, 2024 - Thu, Apr 25, 2024
Varyaa Creations IPO is a fixed price issue of ₹20.10 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹20.10 crore.
Varyaa Creations IPO bidding started from Apr 22, 2024 and ended on Apr 25, 2024. The allotment for Varyaa Creations IPO was finalized on Apr 26, 2024. The shares got listed on BSE SME on Apr 30, 2024.
Varyaa Creations IPO price is ₹150 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Svcm Securities Pvt.Ltd..
Refer to Varyaa Creations IPO RHP for detailed Information.
IPO Open
Mon, Apr 22, 2024
IPO Close
Thu, Apr 25, 2024
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹71.85 Cr
| IPO Date | 22 to 25 Apr, 2024 |
| Listed on | Tue, Apr 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,40,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 70,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 12,70,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 12,70,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 34,50,000 shares |
| Share Holding Post Issue | 47,90,000 shares |
| BSE Script Code | 544168 |
| ISIN | INE0R6801013 |
Varyaa Creations IPO comprises a total issue size of 13,40,000 shares. The net offer to the public is 12,70,000 shares, after excluding 70,000 shares allotted on a firm basis. Of the Net offer 6,35,000 (50.00%) allocated to NII 6,35,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,35,000 | 50.00% | 47.39% |
| Retail Shares Offered | 6,35,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 5.22% | |
| Total Shares Offered | 13,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
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. The company 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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 10.49 | 20.01 | 1.44 | 2.18 |
| Total Income | 17.62 | 5.38 | 2.53 | 0.12 |
| Profit After Tax | 3.51 | 0.79 | 0.58 | -0.13 |
| NET Worth | 4.11 | 0.59 | -0.19 | -0.77 |
| Reserves and Surplus | 0.66 | 0.44 | -0.34 | -0.92 |
| Total Borrowing | 0.45 | 2.84 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the establishment of new showroom a) Capital expenditure cost for the proposed new showroom Purchase of Inventory for the proposed new showroom | 5.50 |
| 2 | To finance the establishment of new showroom b) Purchase of Inventory | 10.00 |
| 3 | General Corporate Purpose | 4.00 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 85.52% |
| ROCE | 114.57% |
| RoNW | 85.52% |
| PAT Margin | 19.92% |
| Price to Book Value | 12.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.29 | 14.66 |
| P/E (x) | 65.56 | 10.23 |
| Promoter Holding | 100.00% | 72.02% |
| Market Cap | ₹71.85 Cr. |
The Varyaa Creations IPO is subscribed 3.59 times on April 25, 2024 7:02:06 PM (Day 4). The public issue subscribed 6.09 times in the retail category, [.] times in the QIB category, and 1.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.08 | 6,35,000 | 6,88,000 |
| Retail | 6.09 | 6,35,000 | 38,64,000 |
| Total | 3.59 | 12,70,000 | 45,54,000 |
Total Application : 4,269
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses | 0.42 |
| 2 | Advertising and marketing expenses | 0.04 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.11 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹285.00 |
| Low | ₹270.75 |
| High | ₹299.25 |
| Last Trade | ₹270.75 |
Lead Manager Reports
Varyaa Creations IPO is a SME IPO of 13,40,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Apr 22, 2024, and closes on Thu, Apr 25, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Varyaa Creations IPO using UPI as a payment gateway. Zerodha customers can apply in Varyaa Creations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Varyaa Creations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Varyaa Creations IPO opens on Mon, Apr 22, 2024 and closes on Thu, Apr 25, 2024.
Varyaa Creations IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in Varyaa Creations IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Varyaa Creations IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Mon, Apr 29, 2024. Check the Varyaa Creations IPO allotment status.
The Varyaa Creations IPO listing date is on Tue, Apr 30, 2024.
