Varyaa Creations Limited IPO (Varyaa Creations IPO)

Varyaa Creations Limited IPO
Upcoming Varyaa Creations IPO | New Varyaa Creations IPO

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

Varyaa Creations IPO – Details

IPO Opening Date22 April 2024
IPO Closing Date25 April 2024
Issue TypeFixed Price Issue IPO
Issue Size13,40,000 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 Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Private Limited
Retail Shares Offered50%
Other Shares Offered50%

Varyaa Creations IPO – Date Schedule

IPO Open Date22 April 2024
IPO Close Date25 April 2024
Basis of Allotment26 April 2024
Initiation of Refund29 April 2024
Credit of Shares to Demat Account29 April 2024
IPO Listing Date30 April 2024
Cut-off time for UPI mandate confirmation5 PM on April 25, 2024

Varyaa Creations IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11000₹1,50,000
Retail (Maximum)11000₹1,50,000
HNI (Minimum)22000₹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.
Varyaa Creations IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20210.120.25-0.132.83
31 March 20222.531.950.570.44
31 March 20235.384.270.78
31 December 202317.6212.933.51
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)19.92
EPS (Rs)2.2914.66
P/E (x)65.5610.23

Varyaa Creations IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.02%

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

Varyaa Creations IPO Registrar

Bigshare Services Private Limited

Phone: +91 22 6263 8200

Varyaa Creations IPO Lead Manager(s)

1. Inventure Merchant Banker Services Private Limited

Varyaa Creations IPO FAQs

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.
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