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Varyaa Creations Limited IPO (Varyaa Creations IPO) Detail

April 22, 2024 - April 25, 2024

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 bidding started from April 22, 2024 and ended on April 25, 2024. The allotment for Varyaa Creations IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE SME on April 30, 2024.

Varyaa Creations IPO price is ₹150 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹300,000.

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.

Refer to Varyaa Creations IPO RHP for detailed information.

Varyaa Creations IPO Details

IPO Date April 22, 2024 to April 25, 2024
Listing Date April 30, 2024
Face Value ₹10 per share
Price ₹150 per share
Lot Size 1000 Shares
Total Issue Size1,340,000 shares
(aggregating up to ₹20.10 Cr)
Fresh Issue1,340,000 shares
(aggregating up to ₹20.10 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue3,450,000
Share holding post issue4,790,000
Market Maker portion70,000 shares
Svcm Securities

Varyaa Creations IPO Reservation

Varyaa Creations IPO offers 1,340,000 shares. 635,000 (47.39%) to NII, 635,000 (47.39%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered70,000 (5.22%)
Other Shares Offered635,000 (47.39%)
Retail Shares Offered635,000 (47.39%)
Total Shares Offered1,340,000 (100%)

Varyaa Creations IPO Timeline (Tentative Schedule)

Varyaa Creations IPO opens on April 22, 2024, and closes on April 25, 2024.

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

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹150,000
Retail (Max) 1 1000 ₹150,000
HNI (Min) 2 2,000 ₹300,000
Lot Size Calculator

Varyaa Creations IPO Promoter Holding

The promoters of the Company are Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta

Share Holding Pre Issue 100.00%
Share Holding Post Issue 72.02%

About Varyaa Creations Limited

Incorporated in July 2005, Varyaa Creations Limited deals in wholesale 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. The company also create custom-made jewellery based on customers' requirements.

The portfolio offers customers various jewellery designs for all occasions and price points.

As of 31st March 2024, the company employs 8 people in various departments.

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Revenue1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing44.81283.82
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Varyaa Creations IPO is Rs 71.85 Cr.

KPI as of December 31, 2023.

KPI Values
ROE85.52%
ROCE114.57%
RoNW85.52%
P/BV12.61
PAT Margin (%)19.92
Pre IPO Post IPO
EPS (Rs) 2.2914.66
P/E (x) 65.5610.23
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Varyaa Creations IPO Objectives)

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:

  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 Purposes.

Varyaa Creations IPO Review (Avoid)

[Dilip Davda]  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. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...


Varyaa Creations IPO Subscription Status (Bidding Detail)

The Varyaa Creations IPO is subscribed 3.59 times on April 25, 2024 7:02:06 PM. The public issue subscribed 6.09 times in the retail category, times in the QIB category, and 1.08 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.08
Retail6.09
Total3.59

Total Application : 4,269 (6.72 times)

Varyaa Creations IPO Prospectus

Varyaa Creations IPO Rating

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Rating:Rated 0.0 stars
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Varyaa Creations IPO Listing Details

Listing Date April 30, 2024
BSE Script Code 544168
NSE Symbol
ISIN INE0R6801013
Final Issue Price ₹150 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹150.00
₹285.00
₹270.75
₹299.25
₹270.75

Check IPO Performance…

Varyaa Creations Limited Contact Details

Varyaa Creations Limited
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankarseth Marg-Kennedy Bridge,
Gamdevi, Grant Road, Mumbai-400007
Phone: +91 9920558483
Email: info@varyaacreations.com
Website: https://varyaacreations.com/

Varyaa Creations IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Varyaa Creations IPO - Buy or Not

Varyaa Creations IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 0

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Varyaa Creations IPO FAQs

Varyaa Creations IPO is a SME IPO of 1,340,000 equity shares of the face value of ₹10 aggregating up to ₹20.10 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000 Shares.

The IPO opens on April 22, 2024, and closes on April 25, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Varyaa Creations IPO using UPI as a payment gateway. Zerodha customers can apply in Varyaa Creations IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Varyaa Creations IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Varyaa Creations IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Varyaa Creations IPO opens on April 22, 2024 and closes on April 25, 2024.

Varyaa Creations IPO lot size is 1000 Shares, and the minimum amount required is ₹150,000.

You can apply in Varyaa Creations IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Varyaa Creations IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Monday, April 29, 2024. Check the Varyaa Creations IPO allotment status.

The Varyaa Creations IPO listing date is on April 30, 2024.
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Varyaa Creations IPO Message Board

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55 Comments

28. exness |   Link |  Bookmark |May 17, 2024 12:58:39 PM
@SaurabhJogi @Chhote Lal and other @experts what do you think of this? and could you please shed a light on circuit revision?
27. exness |   Link |  Bookmark |May 17, 2024 12:55:58 PM
trading below listing price!!!! anyone buying??
26. yayayochotu |   Link |  Bookmark |May 10, 2024 3:39:54 AM
I got the allotment and the price opened at 290 something but now it has gone down to 220 and I am not able to sell it because no buyers are there for this share. What should I do now, will my 150000 investment go to waste?
26.1. Mr. Agrawal |   Link |  Bookmark |May 13, 2024 2:14:39 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
No LC will open someday soon . You won't lose invested capital don't worry .
26.2. yayayochotu |   Link |  Bookmark |May 16, 2024 10:23:02 PM
The share is hitting Lower Circuit everyday and it has gone down to 140.20 rs which opened at 290 something. Already I'm at loss of around rs8000 what should I do now I try to sell every day but it gets rejected beacuse no one is buying it.
25. 🔥Black Rock 🔥 |   Link |  Bookmark |April 30, 2024 1:52:13 PM (200+ Posts)
Ye kya hogaya.

Ye to vo vala diamond he jisko sabb ne laath mara aur abhi 90% premium per list hua...

Khela hobe..😂😂
24. Squareb |   Link |  Bookmark |April 30, 2024 11:39:08 AM
Khela ho gaya !! 90 percent listing gains for an "Avoid" candidate.
23. Mr. Agrawal |   Link |  Bookmark |April 30, 2024 9:46:58 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Gajab Bhai .. jinne lgaya salam hai unke resources ko ..confirmed allotment par 90% listing.. I missed all 4 of today's listing got none.
23.2. Mr. Agrawal |   Link |  Bookmark |April 30, 2024 11:19:13 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
I thought you applied in this ... It's crazy how this and royal sense despite 0 premium and confirm Allotment listed at 90% .. and someone always claim later that they got huge allotments like 8-10 lots.. isko dekhkar ab meri racks&rollers mai bhi lgane ki iccha hone lagi
23.3. Mr. Agrawal |   Link |  Bookmark |April 30, 2024 11:22:20 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Mere hisabh se Retailers abhi nikal nhi paye honge ..only 2 lakh shares traded ..woh toh jinko khel ka idea hoga unke hi bike honge LC wale orders pre-open mai... Retailers who tried selling at 90% are still waiting LC to LC.
22. Mas |   Link |  Bookmark |April 30, 2024 9:25:52 AM (200+ Posts)
Surprise 😱 Listing .
22.1. Anupam singh |   Link |  Bookmark |April 30, 2024 10:49:07 AM
Not surprise listing,
It's called operator listing.
21. ARJUN'S EYE |   Link |  Bookmark |April 30, 2024 9:14:43 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Varyaa Creations Ltd BSE SME IPO.
BSE Code:-544168                  
Symbol:-VARYAA
Group:-MT
ISIN:-INE0R6801013
Issue Price:-150/-
Market Lot:-1000 Shares
Face Value:-10/-
Listing At:-BSE SME
20. GrayIsTheNewBlack |   Link |  Bookmark |April 29, 2024 4:06:45 PM
IPO Guru IPO Guru (2200+ Posts, 1400+ Likes)
Khela Hobe ⚽

20.5. DSGROW |   Link |  Bookmark |April 30, 2024 11:58:49 AM
Ya I applied and got 1 lot. Sold in pre at 1.35 lakh profit. Though was banging my head yesterday worrying about discount listing. 😂😂😂😂
20.6. GrayIsTheNewBlack |   Link |  Bookmark |April 30, 2024 12:17:07 PM
IPO Guru IPO Guru (2200+ Posts, 1400+ Likes)
@DSGROW - Enjoy the bumper profit brother !!
19. SAMJO HO HI GAYA |   Link |  Bookmark |April 26, 2024 7:42:41 PM
discount listing ho ga kya???
19.2. Simply Vicky |   Link |  Bookmark |April 26, 2024 9:50:40 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@SAMJO HO HI GAYA Listing at steep discount or moderate discount???? E.g. mvk agro & sona machinery.
19.3. Anupam singh |   Link |  Bookmark |April 30, 2024 10:48:33 AM
Khela ho gaya....
18. CL BASSI |   Link |  Bookmark |April 25, 2024 6:05:58 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Apply for one retail maximum loss 20%
18.2. Anupam singh |   Link |  Bookmark |April 30, 2024 10:49:58 AM
Agar mil jata to maza hi AA jata bro...
18.3. Simply Vicky |   Link |  Bookmark |April 30, 2024 1:32:48 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Anupam singh  LC mein maza kaise aata😂
17. GJ 😀 |   Link |  Bookmark |April 25, 2024 5:01:05 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Varyaa Creations IPO,
Skipped
16. ARJUN'S EYE |   Link |  Bookmark |April 25, 2024 4:33:08 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Skipped...
15. NRockz |   Link |  Bookmark |April 25, 2024 1:38:03 PM
Just to know anyone applying here...?
15.1. NRockz |   Link |  Bookmark |April 25, 2024 3:32:15 PM
anyone applying ?
15.2. Gopal lucky boy |   Link |  Bookmark |April 25, 2024 4:04:19 PM
NO
14. SOAM |   Link |  Bookmark |April 25, 2024 2:26:56 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Skip
13. Squareb |   Link |  Bookmark |April 25, 2024 2:08:41 PM
Avoiding this one .
12. MuStrFc |   Link |  Bookmark |April 25, 2024 1:16:54 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Avoided.
11. Sanchit Jain |   Link |  Bookmark |April 25, 2024 1:10:16 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Clear Avoid..
11.3. IPONEED |   Link |  Bookmark |May 1, 2024 12:11:45 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
@MuStrFc  I book bulet train but miss to local train now local city train fly over bulet train and bullet train has breakdown
11.4. MuStrFc |   Link |  Bookmark |May 1, 2024 12:25:33 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
@IPONEED Sir, I booked both trains but no seat allotted, no RAC, no W/L. 😅
10. NRockz |   Link |  Bookmark |April 25, 2024 12:23:39 PM
Not applying...waste LM..
9. VIPVIP |   Link |  Bookmark |April 25, 2024 11:43:48 AM (200+ Posts)
Bachna CG ke dosto...
Lootne aa gaya...