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14 Nov 2024
Varyaa Creations Limited IPO
Varyaa Creations Ltd. (VCL) is involved in the business of wholesaling and trading of gold, silver, precious stone, semi-precious stone. They make their jewellery from job workers located in Mumbai. Since VCL is a trading company, it does not own any major plant and machinery.Varyaa Creations IPO is a fixed price issue of Rs 20.10 crores. The issue is entirely a fresh issue of 13.4 lakh shares.Varyaa Creations IPO price is ₹150 per share. The minimum lot size for an application is 1000 Shares.Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Varyaa Creations IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Varyaa Creations IPO is Svcm Securities.
Varyaa Creations Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | April 22, 2024 to April 25, 2024 |
| Face Value | ₹10 per share |
| Price | ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,340,000 shares (aggregating up to ₹20.10 Cr) |
| Fresh Issue | 1,340,000 shares (aggregating up to ₹20.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,450,000 |
| Share holding post issue | 4,790,000 |
| Market Maker portion | 70,000 shares Svcm Securities |
Varyaa Creations IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, April 22, 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 confirmation | 5 PM on April 25, 2024 |
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
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 70,000 (5.22%) |
| Other Shares Offered | 635,000 (47.39%) |
| Retail Shares Offered | 635,000 (47.39%) |
| Total Shares Offered | 1,340,000 (100%) |
Company & Financials
The company was incorporated in July 2005, Varyaa Creations Limited deals in wholesaling and trading of gold, silver, precious stones, and semi-precious stones.The product portfolio includes Necklaces, Earrings, Tops, Rings, Bracelets, Bangles, Gemstones, Diamonds, Lab-grown diamonds, and Pearls. We also create custom-made jewellery based on customers' requirements. And it also offers customers various jewellery designs for all occasions and price points.The company also sells customized jewellery to customers. It offers jewellery across different price points so as to maximize its potential customer base.
Varyaa Creations Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 85.52% |
| ROCE | 114.57% |
| RoNW | 85.52% |
| P/BV | 12.61 |
| PAT Margin (%) | 19.92 |
Objectives of the Issue
The objectives of the issue are as follows:
- 1. To finance the establishment of the new showroom,
- 2. Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom;
- 3. Purchase of Inventory; and
- 4. General Corporate Purpose.
Varyaa Creations IPO review
The company is operating in a highly competitive and fragmented segment. It is engaged in trading activities only and has no own unit for manufacturing. It operates on third party contracts. Tiny equity post-IPO indicates longer gestation period for migration. Based on FY24 annualized super earnings, the issue appears fully priced. 9M-FY24 financial data appears fabricated in a pre-IPO period.
FAQs for Varyaa Creations IPO
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Why Varyaa Creations IPO?
The initial public offer (IPO) of Varyaa Creations Limited offers an early investment opportunity in Varyaa Creations Limited. A stock market investor can buy Varyaa Creations IPO shares by applying in IPO before Varyaa Creations Limited shares get listed at the stock exchanges. An investor could invest in Varyaa Creations IPO for short term listing gain or a long term.
-
When will Varyaa Creations IPO allotment status?
The Varyaa Creations IPO allotment status will be available on or around April 26, 2024. The allotted shares will be credited in demat account by April 29, 2024.
-
When will Varyaa Creations IPO list?
The Varyaa Creations IPO list date is not yet available. The Varyaa Creations IPO is planned to list on April 30, 2024, at BSE SME.
-
Varyaa Creations IPO what should investors do?
Varyaa Creations IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
-
Why Varyaa Creations IPO?
The initial public offer (IPO) of Varyaa Creations Limited offers an early investment opportunity in Varyaa Creations Limited. A stock market investor can buy Varyaa Creations IPO shares by applying in IPO before Varyaa Creations Limited shares get listed at the stock exchanges. An investor could invest in Varyaa Creations IPO for short term listing gain or a long term.
-
When will Varyaa Creations IPO allotment status?
The Varyaa Creations IPO allotment status will be available on or around April 26, 2024. The allotted shares will be credited in demat account by April 29, 2024.
-
When will Varyaa Creations IPO list?
The Varyaa Creations IPO list date is not yet available. The Varyaa Creations IPO is planned to list on April 30, 2024, at BSE SME.
-
Varyaa Creations IPO what should investors do?
Varyaa Creations IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
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