Varyaa Creations IPO Details | GMP, Date, Price, Review

Varyaa Creations IPO Details ( Varyaa Creations Limited IPO Review )

(22 Apr 2024 – 25 Apr 2024)

Established in July 2005, Varyaa Creations Limited specializes in wholesaling gold, silver, precious stones, and semi-precious stones.

We offer a wide range of products including necklaces, earrings, tops, rings, bracelets, bangles, gemstones, diamonds, lab-grown diamonds, and pearls. Additionally, we craft bespoke jewelry tailored to our customers’ preferences.

Our collection features diverse designs suitable for any occasion and budget.

As of March 31st, 2024, our company has a team of 8 employees working across different departments.

Varyaa Creations Limited IPO Competitive Strength

• Established brand
• Well established relationship with our supplier
• Strong understanding of customer preference
• Extensive product list
• Rich domain experience of our Promoters

Varyaa Creations IPO Financials Performance ( Results )

Varyaa Creations Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	218.32	12.05	-13.06	-77.46	-92.46	283.82
31-Mar-22	143.78	253.13	57.98	-19.47	-34.47	44.81
31-Mar-23	2,000.55	538.03	78.93	59.45	44.45
30-Sep-23	1,049.17	1,762.49	351.11	410.56	65.56

Objective of Varyaa Creations IPO Issue

• To finance the establishment of the new showroom,
• Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom;
• Purchase of Inventory; and
• General Corporate Purposes.

Varyaa Creations IPO Basic Details

IPO Date	Apr 22, 2024 to Apr 25, 2024
Listing Date	Tuesday, April 30, 2024
Face Value	₹10 per share
Price	₹150 per share
Lot Size	1000 Shares
Issue Size	1,340,000 shares of ₹10 (aggregating up to ₹20.10 Cr)
Fresh Issue	1,340,000 shares of ₹10 (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
Company Promoters	Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta

Varyaa Creations IPO Reservation

Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue

Varyaa IPO Timetable

Varyaa IPO will open on April 22, 2024 and close on April 25, 2024. You can join Varyaa IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	22 April 2024 (Monday)
Closing Date	25 April 2024 (Thursday)
Basis of Allotment	26 April 2024 (Friday)
Initiation of Refunds	29 April 2024 (Monday)
Credit of Shares to Demat	29 April 2024 (Monday)
Listing Date	30 April 2024 (Tuesday)
Deadline for UPI mandate confirmation	5 PM on 25 April 2024

Varyaa Creations IPO Lot Size

For retail investors in Varyaa Creations IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹150,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹300,000.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹150,000
Retail (Max)	1	1000	₹150,000
S-HNI (Min)	2	2000	₹300,000

Varyaa Creations IPO Promoter Holding

The company’s promoters include Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	72.02%

Varyaa Creations Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	71.85
Earning Per Share (EPS)	₹52.62 per Equity Share
Net Asset Value (NAV)	₹39.64 per Equity Share
P/E Ratio (P/E) (x)	65.56
Post P/E Ratio (P/E) (x)	10.23
Return on Net Worth (RoNW) (%)	85.52
Return on equity (ROE) (%)	85.52
Return on Capital Employed (ROCE) (%)	114.57
Price/Book Value Ratio	12.61

Varyaa Creations IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹0	–	–
20 April 2024	₹0	–	–

Varyaa Creations IPO Detail Video:

Varyaa Creations IPO Subscription Status (Bidding Detail)

The Varyaa Creations IPO on April 25, 2024 at 7:02:50 PM was subscribed 00.00 times, with the retail category being subscribed 6.09 times, the other category being subscribed 1.08 times.

Category	Subscription
Other	1.08x
Retail	6.09x
Total	3.59x

Varyaa Creations IPO Prospectus

Varyaa Creations IPO DRHP	Download
Varyaa Creations IPO RHP	Download

Varyaa Creations IPO Rating

Our Rating

2.0/5.0

Varyaa Creations Company Contact Information

Varyaa Creations Limited

Registered Office: 11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg, Kennedy Bridge, Gamdevi, Grant Road, Mumbai- 400007, Maharashtra, India
Tel. No.: +91 9920558483
Email: info@varyaacreations.com
Website: www.varyaacreations.com
Contact Person: Ms. Akshita Agrawal, Company Secretary & Compliance Officer
Corporate Identification Number: U36910MH2005PLC154792
Promoters of Our Company: Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta

Varyaa Creations IPO Registrar

Bigshare Services Private Limited

Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayeed
SEBI Registration No.: INR000001385

Varyaa Creations IPO Lead Manager

Inventure Merchant Banker Services Private Limited

Registered Office: 2nd Floor, Viraj Towers, Near Andheri Flyover (North End), Western Express Highway, Andheri (East), Mumbai – 400069, Maharashtra
Tel No: +91 22 4075 1500
Fax No: +91 22 4075 1511
Email: compliance@inventuremerchantbanker.com
Investor Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
Contact Person: Arvind Gala
SEBI Registration No: INM000012003

Varyaa Creations IPO FAQs