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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 ₹150.00 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). The minimum lot size investment for 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 Date | April 22, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,40,000 shares (aggregating up to ₹20.10 Cr) |
| Reserved for Market Maker | 70,000 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹1.05 Cr) |
| Net Offered to Public | 12,70,000 shares (aggregating up to ₹19.05 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,50,000 shares |
| Share Holding Post Issue | 47,90,000 shares |
Varyaa Creations IPO offers total 13,40,000 shares. Out of which 6,35,000 (47.39%) allocated to NII, 6,35,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (5.22%) |
| NII (HNI) Shares Offered | 6,35,000 (47.39%) |
| Retail Shares Offered | 6,35,000 (47.39%) |
| Total Shares Offered | 13,40,000 (100.00%) |
Varyaa Creations IPO opens on April 22, 2024, and closes on April 25, 2024.
| IPO Open Date | Mon, Apr 22, 2024 |
| IPO Close Date | Thu, Apr 25, 2024 |
| Tentative Allotment | Fri, Apr 26, 2024 |
| Initiation of Refunds | Mon, Apr 29, 2024 |
| Credit of Shares to Demat | Mon, Apr 29, 2024 |
| Tentative Listing Date | Tue, Apr 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 25, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| Total Income | 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 | ||||
The market capitalization of Varyaa Creations IPO is ₹71.85 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 85.52% |
| ROCE | 114.57% |
| RoNW | 85.52% |
| PAT Margin | 19.92% |
| Price to Book Value | 12.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.29 | 14.66 |
| P/E (x) | 65.56 | 10.23 |
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It is engaged in trading activities only and has no own unit for manufacturing. It operates on third party contracts. Tiny equity post-IPO indicates longer gestation period for migration. Based on FY24 annualized super earnings, the issue appears fully priced. 9M-FY24 financial data appears fabricated in a pre-IPO period. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | April 30, 2024 |
| BSE Script Code | 544168 |
| NSE Symbol | |
| ISIN | INE0R6801013 |
| Final Issue Price | ₹150 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹285.00 |
| Low | ₹270.75 |
| High | ₹299.25 |
| Last Trade | ₹270.75 |
Varyaa Creations Ltd.
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankarseth Marg-Kennedy Bridge,
Gamdevi, Grant Road,
Mumbai, Maharashtra, 400007
Phone: +91 9920558483
Email: info@varyaacreations.com
Website: https://varyaacreations.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Varyaa Creations IPO is a SME IPO of 13,40,000 equity shares of the face value of ₹10 aggregating up to ₹20.10 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on April 22, 2024, and closes on April 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 April 22, 2024 and closes on April 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 Monday, April 29, 2024. Check the Varyaa Creations IPO allotment status.
The Varyaa Creations IPO listing date is on Tuesday, April 30, 2024.
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