Varyaa Creations Limited is engaged in the business of wholesale trading of gold, silver, precious stone, semi-precious stone. The company manufactures its jewellery through job worker located in Mumbai.
The company has earned its revenues from wholesale trading of gold, silver, precious stone, semiprecious stone and from sales of jewellery.
Varyaa Creations jewellery is widely sold through B2B and B2C platform. The company also sell customized jewellery to customers. Varyaa Creations offer its jewellery across different price points so as to maximize its potential customer base.
The company’s product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and Varyaa Creations also make customized jewelleries as per customer’s needs.
As of 31 March, 2024, the company had a total of 8 employees.
Varyaa Creations IPO – Details
| IPO Opening Date | 22 April 2024 |
| IPO Closing Date | 25 April 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 13,40,000 Shares Worth ₹20.10 Crore Fresh Issue: 13,40,000 Shares Worth ₹20.10 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹150 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Private Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Varyaa Creations IPO – Date Schedule
| IPO Open Date | 22 April 2024 |
| IPO Close Date | 25 April 2024 |
| Basis of Allotment | 26 April 2024 |
| Initiation of Refund | 29 April 2024 |
| Credit of Shares to Demat Account | 29 April 2024 |
| IPO Listing Date | 30 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Varyaa Creations IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | ₹1,50,000 |
| Retail (Maximum) | 1 | 1000 | ₹1,50,000 |
| HNI (Minimum) | 2 | 2000 | ₹3,00,000 |
Competitive Strengths
- Established brand.
- Well established relationship with their supplier.
- Strong understanding of customer preference.
- Extensive product list.
- Rich domain experience of the Promoters.
Company Promoters
- Mrs. Pooja Vineet Naheta
- Mrs. Sarika Amit Naheta
Object Of The Issue
- To finance the establishment of new showroom:
- Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom.
- Purchase of Inventory.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 0.12 | 0.25 | -0.13 | 2.83 |
| 31 March 2022 | 2.53 | 1.95 | 0.57 | 0.44 |
| 31 March 2023 | 5.38 | 4.27 | 0.78 | – |
| 31 December 2023 | 17.62 | 12.93 | 3.51 | – |
Key Performance Indicator
| 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 |
Varyaa Creations IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.02% |
Varyaa Creations IPO Prospectus
Company Contact Information
| Varyaa Creations Limited 11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg, Kennedy Bridge, Gamdevi, Grant Road, Mumbai400007, Maharashtra, India Phone: +91 9920558483 Email: info@varyaacreations.com Website: www.varyaacreations.com |
Varyaa Creations IPO Registrar
| Bigshare Services Private Limited Phone: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
Varyaa Creations IPO Lead Manager(s)
| 1. Inventure Merchant Banker Services Private Limited |
Varyaa Creations IPO FAQs
| What is Varyaa Creations IPO? Varyaa Creations IPO is a SME IPO. The issue is priced at ₹150 per equity share. The IPO is to be listed on BSE SME. |
| When Varyaa Creations IPO will open? The IPO is to open on 22 April 2024 for Retails – 50% and Others – 50% Investors. |
| How to Varyaa Creations IPO? You can apply for Varyaa Creations IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Varyaa Creations IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Varyaa Creations”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Varyaa Creations IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Varyaa Creations”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Varyaa Creations IPO Size? Varyaa Creations IPO size is ₹20.10 crores. |
| What is Varyaa Creations IPO Price Band? Varyaa Creations IPO Price Band is ₹150. |
| What is Varyaa Creations IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,50,000 amount while the maximum bid is 1000 shares with ₹1,50,000. |
| What is the Varyaa Creations IPO Allotment Date? Varyaa Creations IPO allotment date is 26 April 2024. |
| What is the Varyaa Creations IPO Listing Date? Varyaa Creations IPO listing date is 30 April 2024. The IPO is to list on BSE SME. |
