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 name | Varyaa Creations Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://varyaacreations.com/ |
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 www.baubleberry.com. 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 date | 22 April 2024 |
| IPO Closing | 25 April 2024 |
| Basis of Allotment | 26 April 2024 |
| Initiation Refund | 29 April 2024 |
| Credit to Demat Account | 29 April 2024 |
| Listing Date | 30 April 2024 |
Varyaa Creations IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20.10 Cr – 1,340,000 shares |
| Fresh Issue | ₹20.10 Cr – 1,340,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹150 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 70,000 shares |
| Shareholding pre-issue | 3,450,000 |
| Shareholding post-issue | 4,790,000 |
| Listing Exchange | BSE SME |
Varyaa Creations IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| HNI (Min) | 2 | 2,000 | ₹300,000 |
Varyaa Creations IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Varyaa Creations Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 0.09 | 2.47 | 5.23 | 17.19 |
| Expenses | 0.25 | 1.95 | 4.28 | 12.93 |
| Net income | (0.13) | 0.58 | 0.79 | 3.51 |
Varyaa Creations Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (8.71) | 38.66 | 52.62 |
| PE ratio | – | – | 2.85 |
| RONW (%) | 16.86 | (297.75) | 132.75 |
| NAV | (51.64) | (12.98) | 39.64 |
| ROCE (%) | (1.24) | 267.65 | 190.12 |
| EBITDA (%) | (19.91) | 26.80 | 21.01 |
| Debt/Equity | (3.66) | (2.30) | – |
Company Promoters
- Mrs. Pooja Vineet Naheta
- Mrs. Sarika Amit Naheta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.02% |
Varyaa Creations IPO Lead Manager(s)
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email: compliance@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
Varyaa Creations Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Varyaa Creations Contact Details
VARYAA CREATIONS LIMITED
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankar Seth Marg, Kennedy Bridge,
Gamdevi, Grant Road, Mumbai- 400007, Maharashtra
Phone: +91 9920558483
E-mail: info@varyaacreations.com
Website: www.varyaacreations.com
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
