Varyaa Creations IPO Review

 
Varyaa Creations IPO Review

IPO Open Date: April 22, 2024

IPO Close Date: April 25, 2024

IPO Price: ₹150 per share

Lot Size: 1000 Shares

Listing: April 30, 2024

Varyaa Creations is scheduled to hit the market on April 22, 2024 and close on April 25, 2024. Varyaa Creations plans to raise around ₹20.10 Cr through an IPO with a sale of up to 1,340,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Varyaa Creations, established in July 2005, specializes in wholesale trading of gold, silver, precious stones, and semi-precious stones. Their diverse product range includes Necklaces, Earrings, Tops, Rings, Bracelets, Bangles, Gemstones, Diamonds, Lab-grown diamonds, and Pearls. Additionally, they provide customized jewellery tailored to individual preferences. Their collection caters to a wide range of occasions and budgets, offering customers a plethora of design choices.

By the end of March 31st, 2024, the company has a workforce of 8 employees distributed across various departments. With a focus on quality and variety, Varyaa Creations Limited continues to serve its customers with an array of jewellery options for different needs and preferences.

Varyaa Creations



Varyaa Creations IPO Details

Varyaa Creations IPO opens on April 22, 2024, and closes on April 25, 2024. The Listing date for Varyaa Creations IPO is on April 30, 2024. The price band for IPO is ₹150 per share and lot size of 1000 Shares.

IPO DateApril 22, 2024 to April 25, 2024
Listing DateApril 30, 2024
Price₹150 per share
Lot Size1000 Shares
Issue Size₹20.10 Cr
Face Value₹10 per share

Varyaa Creations IPO Tentative Timetable

Varyaa Creations opening date is April 22, 2024 and close date is April 25, 2024. The IPO allotment date is April 26, 2024. The refund initiation of IPO is on April 29, 2024. The credit of shares in demat account is on April 29, 2024. The listing date is on April 30, 2024.

EventDate
IPO OpeningApril 22, 2024
IPO ClosingApril 25, 2024
IPO Allotment DateApril 26, 2024
Refund InitiationApril 29, 2024
Shares Credit to DematApril 29, 2024
Lisiting DateApril 30, 2024

Varyaa Creations IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹124,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹150,000
Retail(Maximum)11000₹150,000
HNI (Minimum)22000₹300,000

Varyaa Creations IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.02%

Varyaa Creations IPO Review

Varyaa Creations, a company with a robust financial performance, recently launched its IPO with a market capitalization of Rs 71.85 Cr. The company witnessed a significant increase in revenue by 112.55% and profit after tax (PAT) by 36.13% between March 31, 2023, and March 31, 2022. These growth numbers reflect the company's strong financial health and potential for future expansion.

One of the key indicators to consider is the Return on Equity (ROE) at 85.52%, Return on Capital Employed (ROCE) at 114.57%, and Profit After Tax (PAT) Margin at 19.92%. These metrics showcase the company's efficiency in utilizing its resources to generate profits. Additionally, the Post-IPO earnings per share (EPS) stands at Rs 14.66 with a Price-to-Earnings (P/E) ratio of 10.23, indicating positive market sentiment towards the company's performance and growth prospects.

The objectives of the IPO include financing the establishment of a new showroom, capital expenditure for the showroom, purchase of inventory, and general corporate purposes. Investors looking for a promising opportunity in the retail sector with a company showing impressive financial growth may find Varyaa Creations Limited IPO an attractive investment option. With a solid financial track record and clear utilization plans for the proceeds, Varyaa Creations Limited presents a compelling case for potential investors seeking long-term growth in the market.

Varyaa Creations IPO Subscription Status (Bidding Details)

Table not found

Varyaa Creations IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Varyaa Creations IPO FAQs

What is Varyaa Creations IPO?

Varyaa Creations is issuing 1,340,000 equity shares with a face value of ₹10 each, totaling up to ₹20.10 Cr. The shares are being offered at a price of ₹150 each, with a minimum order quantity of 1000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Varyaa Creations IPO will open?

Varyaa Creations will open on April 22, 2024 for QIB, NII, and Retail Investors.

When Varyaa Creations IPO will end?

Varyaa Creations will end on April 25, 2024.

What is Varyaa Creations IPO Size?

Varyaa Creations IPO size is 20.10 Cr.

What is Varyaa Creations IPO Price Band?

Varyaa Creations price band is ₹150 per share.

What is the Varyaa Creations IPO Allotment Date?

Varyaa Creations allotment date is April 26, 2024.

What is the Varyaa Creations IPO Listing Date?

Varyaa Creations listing date is April 30, 2024. The IPO is to be listed on BSE and NSE.

How to Varyaa Creations IPO through Zerodha?

To apply for the IPO “Varyaa Creations” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Varyaa Creations IPO through Upstox?

To apply for the IPO “Varyaa Creations” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Varyaa Creations IPO Allotment Status?

For Varyaa Creations IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Varyaa Creations IPO GMP?

You can check out here: Varyaa Creations IPO GMP

Sharing Is Caring:
Avatar of Ishika Agarwal
About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

Leave a Comment