Varyaa Creations IPO Details,GMP, Subscription, Allotment And Review

Varyaa Creations is set to launch its IPO, aiming to raise Rs 2010 lakh through a fresh issue of 13.4 lakh shares. The subscription window opens on April 22, 2024, and closes on April 25, 2024, with allotment expected to be finalized by April 26, 2024. The company plans to list on the BSE SME on April 30, 2024, with an IPO price of ₹150 per share.

The image is used for a symble of Varyaa Creations IPO
Varyaa Creations Limited IPO Details,GMP, Subscription, Allotment And Review

Investors should note that the minimum lot size for an application is 1000 shares, requiring a minimum investment of ₹150,000 for retail investors and ₹300,000 for HNIs, who need to apply for 2 lots (2,000 shares).

Varyaa Creations IPO Details

Varyaa Creations IPO (Varyaa Creations Limited IPO) BSE SME
IPO OpenApril 22, 2024
IPO CloseApril 25, 2024
IPO Size13.4 lakh shares
Face Value₹10 per share
IPO Price₹150 per share
IPO Listing onBSE SME
Lot Size1000 shares
Retail Quota50%
NII Quota50%
QIB Quota

Varyaa Creations IPO Dates

  • IPO Open Date: Monday, April 22, 2024
  • IPO Close Date: Thursday, April 25, 2024
  • IPO Allotment: Friday, April 26, 2024
  • Initiation of Refunds: Monday, April 29, 2024
  • Credit in Demat: Monday, April 29, 2024
  • Listing Date: Tuesday, April 30, 2024
  • UPI mandate confirmation: 5 PM on April 25, 2024

Varyaa Creations IPO Lot Size

ApplicantsLot SizeShareAmount
Retails1 lot mini & max 1 lot1000₹150000
HNI2 lots mini2000₹300000

Varyaa Creations IPO Promoter Holding

Varyaa Creations Limite’s promoters are MRS. POOJA VINEET NAHETA AND MRS. SARIKA AMIT NAHETA holds 100% of the share (Pre-issue) and after post-issue shareholding 72%.

Know the Varyaa Creations Limited

Varyaa Creations Limited, formerly Kalgi India Private Limited, was established on July 14, 2005. The company specializes in wholesale trading of gold, silver, precious and semi-precious stones.
Their product range includes necklaces, earrings, tops, rings, bracelets, bangles, gemstones, lab-grown diamonds, and pearls. We also offer custom-made jewellery based on customers’ requirements.

Varyaa Creations Limited does business on B2B and B2C stapes. The company employee no is 8.

Varyaa Creations Limited Financial Overview

ParticularsFor the Period / Year ended on (₹ in Lakhs)
30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax (PAT)351.1178.9357.98-13.06
Total DebtNILNIL43.58282.28

Key Performance Indicator (KPI)

KPI on 31 March 2023

Particulars31 March 2023
Revenue from Operations (Rs. in Lakhs)1718.99
Total Income (Rs. in Lakhs)1762.49
EBITDA margin (%)26.63%
PAT margin (%)19.92%
ROE (%)85.52%
ROCE (%)114.57%

Varyaa Creations Limited Contact

Varyaa Creations Limited
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankarseth Marg-Kennedy Bridge,
Gamdevi, Grant Road, Mumbai-400007
Phone: +91 9920558483

Varyaa Creations Limited IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Varyaa Creations IPO Lead Manager

Inventure Merchant Banker Services Pvt Ltd is the lead manager of Varyaa Creations IPO.

Varyaa Creations IPO GMP (Gray Market Premium) Today and Day by Day

GMP is not available right now.

DayIPO PriceIPO GMPEstimate Listing PriceUpdate Date
Day 1₹150₹0₹15021/04/2024
Day 2₹150₹0₹15022/04/2024

Subscription Status

Varyaa Creations IPO total subscription is 0.70 times.

Day 11.310.090.70
Update SoonUpdate SoonUpdate SoonUpdate Soon

Varyaa Creations IPO Review

Looking at Varyaa Creations Limited’s financial overview, there are some positive trends. The company has shown significant growth in revenue over the past few years, with a substantial increase from ₹12.05 lakhs in 2021 to ₹1762.49 lakhs in 2023. Additionally, their profitability has improved, as evidenced by the rising profit after tax (PAT) from ₹-13.06 lakhs in 2021 to ₹351.11 lakhs in 2023.

Furthermore, it’s noteworthy that the company has no outstanding debt as of the latest reporting period, which indicates a healthy financial position.

Key performance indicators (KPIs) also reflect positively on the company’s performance. The EBITDA margin of 26.63% and PAT margin of 19.92% demonstrate efficient operational management and profitability. Moreover, high returns on equity (ROE) and returns on capital employed (ROCE) at 85.52% and 114.57% respectively, indicate effective utilization of shareholders’ funds and overall capital.

Disclaimer: The information provided here is for educational and informational purposes only. It should not be considered as financial or investment advice. Investing in IPOs involves risks, including the risk of loss of investment. Investors are advised to conduct thorough research and seek professional advice before making any investment decisions.

FAQs for Varyaa Creations IPO

What is the size of the Varyaa Creations IPO?

The Varyaa Creations IPO aims to raise Rs 2010 lakh through a fresh issue of 13.4 lakh shares.

When does the subscription window for Varyaa Creations IPO open and close?

The subscription window opens on April 22, 2024, and closes on April 25, 2024.

What is the IPO price of Varyaa Creations?

The IPO price of Varyaa Creations is ₹150 per share.

What is the minimum lot size for an application in Varyaa Creations IPO?

The minimum lot size is 1000 shares, requiring a minimum investment of ₹150,000 for retail investors and ₹300,000 for HNIs.

Who are the promoters of Varyaa Creations Limited?

The promoters of Varyaa Creations Limited are MRS. POOJA VINEET NAHETA AND MRS. SARIKA AMIT NAHETA, holding 100% of the shares (Pre-issue) and 72% post-issue.

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