Varyaa Creations IPO
The initial public offering (IPO) of Varyaa Creations will open for subscription on April 22 and close on April 25, comprising fresh issues of Rs.20.10 Crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on April 30, 2024.
#1. Quick Intro to Varyaa Creations
Varyaa Creations Limited (2005) is engaged in in the business of wholesale trading of gold, silver, precious stones, semi-precious stones. Apart from the above, from this financial year onwards, the company also intends to focus on manufacturing and selling of jewellery.
The company manufactures its jewellery through job workers located in Mumbai.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Varyaa Creations
The company intends to use the IPO Funds for the following purposes:
- Capital Expenditure cost for proposed new showroom and purchase of inventory.
- To meet the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Varyaa Creations Core Strengths
- Established Brand
- Well-established relationship with the suppliers
- Extensive product list
- Rich domain experience of promoters
#4. Varyaa Creations IPO Review & Rating
| Issue Size | Rs.20.10 Crore |
| Issue Price | Rs.150 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (Latest) | Rs.351.11 Lakhs |
| ROE | 85.52% |
| ROCE (%) | 114.57% |
| Listing on | BSE SME |
| IPO Deliver Rating | Two |
#5. Varyaa Creations IPO Dates, Price Band & Details
Varyaa Creations IPO will open on April 22, 2024, and close on April 25, 2024. The IPO is to be listed on April 30, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.20.10 Crore |
| Price Brand | Rs.150 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | April 22, 2024 |
| IPO Close Date | April 25, 2024 |
| IPO Allotment Date | April 26, 2024 |
| Refund Date | April 29, 2024 |
| Share Credit Date | April 29, 2024 |
| Listing Date | April 30, 2024 |
#6. Varyaa Creations IPO Offer Details
Varyaa Creations IPO’s total issue size is 13,40,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 13,40,000 | 20.10 |
| Offer for Sale (OFS) | – | – |
#7. Varyaa Creations Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Sep 30, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 1762.49 | 538.03 | 253.13 |
| Net Worth | 410.56 | 59.45 | -19.47 |
| Profit | 351.11 | 78.93 | 57.98 |
| Total Borrowings | – | – | 44.81 |
#8. Varyaa Creations Quantitative Factors
The following table sets forth the summary of financial information of the company for the period September 30, 2023, 2023, March 31, 2023 and March 31, 2022.
| Category | Sep 30, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 10.18 | 52.62 | 38.66 |
| RoNW (%) | 85.52 | 132.25 | -297.30 |
| NAV (Rs.) | – | 39.64 | – |
#9. Varyaa Creations Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| PNGS Gargi Fashion | – | 22.78 | 21.38 |
| Ashapuri Gold | – | 2.61 | 33.01 |
#10. Varyaa Creations Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoter |
| 01. | Pooja Vineet Naheta |
| 02. | Sarika Amit Naheta |
#11. Varyaa Creations Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | 72.02 |
#12. Varyaa Creations IPO Reservation Details
Varyaa Creations IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Others Shares Offered | 50% of the Net Issue |
#13. Varyaa Creations IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 1,50,000 |
| Retail (Max.) | 1 | 1000 | 1,50,000 |
| HNI (Min.) | 2 | 2000 | 3,00,00 |
#14. Varyaa Creations IPO – Prospectus Copy
An investor can download/view the Varyaa Creations prospectus copy, which the company filed to exchange, details are as follows.
| Varyaa Creations IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Varyaa Creations IPO Registrar
Bigshare Services Private Limited
Website: www.bigshareonline.com
#16. Varyaa Creations IPO Lead Managers
Inventures Merchant Banker Services Private Limited
Website: www.inventuresmerchantbanker.com
#17. Varyaa Creations IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Varyaa Creations IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Varyaa Creations Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Varyaa Creations Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Varyaa Creations Company Details
Varyaa Creations Limited
Registered Office: 11 Floor, -3rd, Plot No.5/1721, Kailash Darshan, Jagannath, Shankarseth Marg, Kennedy Bridge, Gamdevi, Grant Road, Mumbai-400007
Email:info@varyaacreations.com
Website: www.varyaacreations.com
Investor Grievances/Compliance Officer: Akshita Agarwal
#19. Varyaa Creations Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Varyaa Creations Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Pooja Vineet Naheta |
| 02. | Sarika Amit Naheta |
Varyaa Creations IPO – Frequently Asked Questions (FAQs)
| #1. What is a Varyaa Creations IPO?
Varyaa Creations brings its IPO of Rs. 20.10 Crore, on April 22, 2024, with a price band of Rs.150 per share. |
| #2. What is the Varyaa Creations IPO Open date?
Varyaa Creations IPO’s opening date is April 22, 2024. |
| #3. What is the Varyaa Creations IPO Close Date?
Varyaa Creations IPO’s closing date is April 25, 2024. |
| #4. What is the Varyaa Creations IPO Listing date?
Varyaa Creations’s IPO listing date is April 30, 2024. |
| #5. What is the Varyaa Creations IPO Minimum investment amount?
Varyaa Creations IPO’s minimum investment amount is Rs. 1,50,000. |
| #6. What is the Varyaa Creations IPO offer issue Size?
Varyaa Creations offers an issue size of Rs.20.10 Crore. |
| #7. What is the Varyaa Creations IPO Price Band?
Varyaa Creations’s IPO price band is Rs.150 per share. |
| #8. Is Varyaa Creations IPO mainboard IPO or SME IPO?
Varyaa Creations IPO is an SME IPO. |
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