Varyaa Creations IPO

Varyaa Creations IPO will open for subscription from 22 April 2024. The company aims for an issue size of ₹20.10 Cr through this IPO.

Company Overview

Full nameVaryaa Creations Limited
SectorDiamond & Jewellery
IndustryDiamond & Jewellery
Company Website

About Company

Incorporated in 2005, Varyaa Creations operates in the wholesale trading of gold, silver, precious stones, and semi-precious stones. Additionally, the company plans to expand into manufacturing and selling jewelry. Varyaa Creations manufactures its jewelry through a job worker located in Mumbai. Currently, the products are sold exclusively through offline channels. Additionally, the company has been selling its products through its online platform, namely Its product portfolio includes necklaces, earrings, tops, rings, bracelets, bangles, gemstones, diamonds, lab-grown diamonds, and pearls, and the company also offers customized jewelry to meet customer needs. Recognizing the increasing demand for ethically sourced diamonds, it has recently expanded its portfolio to include lab-grown diamonds. As of 31 March 2024, the company employed 8 individuals.

The Objectives of the 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 Timetable

IPO Opening date22 April 2024
IPO Closing25 April 2024
Basis of Allotment26 April 2024
Initiation Refund29 April 2024
Credit to Demat Account29 April 2024
Listing Date30 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 25, 2024)

Varyaa Creations IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹20.10 Cr – 1,340,000 shares
Fresh Issue₹20.10 Cr – 1,340,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹150 per share
Lot size1000 Shares
Market Maker portion70,000 shares
Shareholding pre-issue3,450,000
Shareholding post-issue4,790,000
Listing ExchangeBSE SME

Varyaa Creations IPO Lot Size

Retail (Min)11000₹150,000
Retail (Max)11000₹150,000
HNI (Min)22,000₹300,000

Varyaa Creations IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Varyaa Creations Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income(0.13)0.580.793.51
(Amount in ₹ Crores)

Varyaa Creations Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio2.85
RONW (%)16.86(297.75)132.75
ROCE (%)(1.24)267.65190.12
EBITDA (%)(19.91)26.8021.01

Company Promoters

  • Mrs. Pooja Vineet Naheta
  • Mrs. Sarika Amit Naheta

Promoter Holding

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

Varyaa Creations IPO Lead Manager(s)

2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500

Varyaa Creations Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Varyaa Creations Contact Details

11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankar Seth Marg, Kennedy Bridge,
Gamdevi, Grant Road, Mumbai- 400007, Maharashtra
Phone: +91 9920558483

Varyaa Creations IPO Allotment Status

Varyaa Creations IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Varyaa Creations IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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