18-Apr-2024
2 mins read
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Varyaa Creations IPO is open for subscription starting Monday, April 22, 2024, and closing on Thursday, April 25, 2024. The price of this upcoming IPO is decided at Rs 150 per share. The minimum lot size of this application for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,50,000 (150 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 3,00,000 (150 x 2000 shares). Varyaa Creations IPO is a fixed-issue of Rs 20.10 crores. This upcoming IPO is a fresh issue of 13.4 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, April 26, 2024. Varyaa Creations IPO will be listed on BSE SME, and the listing date is fixed on Tuesday, April 30, 2024. The book-running lead manager of Varyaa Creations IPO is Inventure Merchant Banker Services Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Svcm Securities.
About Varyaa Creations Limited Profile
Varyaa Creations Limited was incorporated in July 2005, deals in wholesale trading of gold, silver, precious stones and semi precious stones. The products of the company are manufactured by the job workers working in Mumbai. The job workers manufacture their products as per the design provided by Varyaa Creations. The design of the product is done in house. The company procure gold, silver, gemstones,precious and semi-precious stones majorly through the bullion market and jewellery market dealers and are located in Mumbai. The product portfolio of Varyaa Creations include Necklaces, Earrings, Tops, Rings, Bangles, Gemstones, Diamonds, Lab-grown diamonds and pearls. The company also creates custom made jewellery as per the requirements of customers. The portfolio offers various jewellery designs for all the occasions and price points. They maintain the finishing and the quality of their jewellery by ensuring controlled quality, timely delivery and competitive prices.
Objectives of Varyaa Creations IPO Issue
The amount received from this issue will be used to finance the establishment of a new showroom. Also, to cover the capital expenditure cost for the proposed new showroom and purchase of inventory. Other than this, the general corporate purposes will also be covered.
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Financials of Varyaa Creations Limited (Amt in Rs Lakhs)
Varyaa Creations posted a revenue of Rs 1,762 lakhs and net profit of Rs 351.11 lakhs for quarter ending on 30 Sep 2023. The revenue increased by 112.55% and PAT increased by 36.13% between the FY ending on March 31, 2023 and March 31 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
Other Important Details of Varyaa Creations IPO
| IPO Date | April 22, 2024 to April 25, 2024 |
| Listing Date | 30-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,340,000 shares amounting to Rs 20.10 crore |
| Fresh Issue | 1,340,000 shares amounting to Rs 20.10 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 3,450,000 |
| Shareholding post issue | 4,790,000 |
| Market Maker portion | 70,000 shares |
Time-Table of Varyaa Creations IPO
| IPO Open Date | Tuesday, April 23, 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 | 5 PM on April 25, 2024 |
Lot Size of Varyaa Creations IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1,000 | Rs 150,000 |
| Retail - Maximum | 1 | 1,000 | Rs 150,000 |
| HNI - Minimum | 2 | 2,000 | Rs 300,000 |
IPO Reservation of Varyaa Creations Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Varyaa Creations Limited IPO
| KPI | Values |
| ROE | 85.52% |
| ROCE | 114.57% |
| RoNW | 85.52% |
| P/BV | 12.61 |
| PAT Margin | 19.92 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.29 | 14.28 |
| P/E | 65.56 | 10.23 |
Promoters of Varyaa Creations Limited and Their Holdings
The promoters of Varyaa Creations company are Pooja Vineet Naheta and Sarika Amit Naheta.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 72.02 percent |
Lead Managers of Varyaa Creations IPO
The lead manager for Varyaa Creations IPO is Inventure Merchant Banker Services Private Limited.
How do you apply for the Varyaa Creations IPO?
Wait for the public issue to open for subscription, then click here to apply for the Varyaa Creations Limited IPO with Bigul.
How do you check the allotment status of Varyaa Creations IPO?
The registrar for Varyaa Creations IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is the Varyaa Creations IPO?
Varyaa Creations IPO is a fixed-issue of Rs 20.10 crores. This upcoming IPO is a fresh issue of 13.4 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, April 26, 2024.
2. Who are the lead managers for the Varyaa Creations Limited IPO?
Inventure Merchant Banker Services Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Varyaa Creations Limited, handling the IPO's administrative aspects.
4. How can I apply for the Varyaa Creations IPO?
The public subscription of this new IPO will open on April 22, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The amount received from this issue will be used to finance the establishment of a new showroom. Also, to cover the capital expenditure cost for the proposed new showroom and purchase of inventory. Other than this, the general corporate purposes will also be covered.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Varyaa Creations Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Varyaa Creations Limited?
Varyaa Creations posted a revenue of Rs 1,762 lakhs and net profit of Rs 351.11 lakhs for quarter ending on 30 Sep 2023. The revenue increased by 112.55% and PAT increased by 36.13% between the FY ending on March 31, 2023 and March 31 2022.
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