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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 bidding started from April 22, 2024 and ended on April 25, 2024. The allotment for Varyaa Creations IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE SME on 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.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Varyaa Creations IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Varyaa Creations IPO is Svcm Securities.
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 |
| 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 offers 1,340,000 shares. 635,000 (47.39%) to NII, 635,000 (47.39%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 70,000 (5.22%) |
| Other Shares Offered | 635,000 (47.39%) |
| Retail Shares Offered | 635,000 (47.39%) |
| Total Shares Offered | 1,340,000 (100%) |
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 |
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 | |||
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% |
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 |
| 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 | ||||
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 |
| 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...
The Varyaa Creations IPO is subscribed 3.59 times on April 25, 2024 7:02:06 PM. 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) |
|---|---|
| Other | 1.08 |
| Retail | 6.09 |
| Total | 3.59 |
Total Application : 4,269 (6.72 times)
| Listing Date | April 30, 2024 |
| BSE Script Code | 544168 |
| NSE Symbol | |
| ISIN | INE0R6801013 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹150.00 |
| ₹285.00 |
| ₹270.75 |
| ₹299.25 |
| ₹270.75 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Varyaa Creations IPO is a SME IPO of 1,340,000 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 Shares.
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 Shares, and the minimum amount required is ₹150,000.
You can apply in Varyaa Creations IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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