Historically, Varyaa Creations is engaged in the business of wholesale trading of gold, silver, precious stones, and semi-precious stones. Apart from the above, from this financial year onwards, the company also intends to focus on manufacturing and selling jewelry. Their company manufactures its jewelry through job workers located in Mumbai.
The major raw materials used for making their products are gold, precious stones, gemstones, semi-precious stones, silver, etc. which are further provided to the job workers who manufacture the jewelry for us. The job worker manufactures their products as per the design and pattern provided by us. The design of their products is done in-house. They have not entered into any formal contract or agreement with the job worker. They get their products manufactured based on order and and when-needed basis. They procure gold, silver, gemstones, precious and semi-precious stones majorly through the bullion market and jewelry market dealers located in Mumbai. Their jewelry is widely sold through B2B and B2C platforms. They also sell customized jewelry to customers. They offer their jewelry across different price points to maximize their potential customer base. They endeavor to maintain the finishing and quality of their jewelry by ensuring controlled quality, timely delivery, and competitive prices.
Their product portfolio includes necklaces, earrings, Tops, rings, bracelets, Bangles, Gemstones, Diamonds, Lab Grown diamonds, and Pearls and they also make customized jewelry as per customer’s needs. Recognizing the growing demand for ethically sourced diamonds, they have recently expanded their portfolio to include Lab Grown Diamonds.
Objects of the Issue:
- To finance the establishment of new showroom a) Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom. b) Purchase of Inventory
- General Corporate Purpose
- To meet the expenses of the Issue
Varyaa Creations IPO Review
- Avoid
Varyaa Creations IPO Date & Price Band Details
| IPO Open: | April 22, 2024 |
| IPO Close: | April 25, 2024 |
| IPO Size: | Approx ₹20.10 Crores, 1,340,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹150 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Varyaa Creations IPO Market Lot
The Varyaa Creations IPO minimum market lot is 1000 shares with a ₹150,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹150,000 |
| Retail Maximum | 1 | 1000 | ₹150,000 |
| S-HNI Minimum | 2 | 2000 | ₹300,000 |
Varyaa Creations IPO Dates
The Varyaa Creations IPO date is April 22 and the IPO close date is April 25. The IPO allotment date is April 26 and the IPO might list on April 30.
| IPO Open Date: | April 22, 2024 |
| IPO Close Date: | April 25, 2024 |
| Basis of Allotment: | April 26, 2024 |
| Refunds: | April 29, 2024 |
| Credit to Demat Account: | April 29, 2024 |
| IPO Listing Date: | April 30, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Varyaa Creations IPO Form
How to apply Varyaa Creations IPO? You can apply Varyaa Creations IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Varyaa Creations IPO in the Invest section. The other option you can apply Varyaa Creations IPO via IPO forms download via the BSE website. Check out the Varyaa Creations forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Varyaa Creations Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹0.12 | ₹0.25 | ₹0.13 |
| 2022 | ₹2.53 | ₹1.95 | ₹0.58 |
| 2023 | ₹5.38 | ₹4.28 | ₹0.79 |
| Dec 2023 | ₹17.62 | ₹12.93 | ₹3.51 |
Varyaa Creations IPO Valuation – FY2023
Check Varyaa Creations IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹52.62 per Equity Share |
| Price/Earning P/E Ratio: | 2.85 |
| Return on Net Worth (RoNW): | 132.75% |
| Net Asset Value (NAV): | ₹39.64 per Equity Share |
Peer Group
- PNGS Gargi Fashion Jewellery Ltd.
- Ashapuri Gold Ornament Ltd.
Company Promoters
- Mrs. Pooja Vineet Naheta
- Mrs. Sarika Amit Naheta
Varyaa Creations IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Varyaa Creations IPO Allotment Status
Check Varyaa Creations IPO allotment status on Bigshare website URL. Click Here
Varyaa Creations IPO Lead Managers aka Merchant Bankers
- Inventure Merchant Bankers Private Limited
Company Address
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: [email protected]
Website: www.varyaacreations.com
