Varyaa Creations Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹150 - ₹150
- Lot size
- 1,000 shares
- Issue amount
- ₹20.1 cr
- Total subscription
- 3.64×
- Opens
- 22 Apr 2024
- Closes
- 25 Apr 2024
- Allotment
- 26 Apr 2024
- Listing
- 30 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 13,40,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,50,000
- Fresh issue
- ₹20.1 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,50,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 34,50,000
- Shares after issue
- 47,90,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,50,000 |
| HNI | 2 | 2,000 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 9.53 | 57.96 |
| NIB | 9.53 | 11.4 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.18 | 2.29 | 1.68 |
| ROE | 85.52 | 132.75 | -297.75 |
| ROCE | 114.57 | 190.12 | 267.65 |
| RONW | 85.52 | 132.75 | -297.75 |
| PRE IPO(PE) | 12.61 | 0 | 0 |
| POST IPO(PE) | 65.56 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Varyaa Creations Limited started as Kalgi India Private Limited on July 14, 2005. Over the years, it changed its name and structure, officially becoming Varyaa Creations Limited on August 18, 2023, under the Companies Act, 2013. Based in Mumbai, the company initially focused on wholesale trading of gold, silver, and precious stones. Recently, it expanded into jewelry manufacturing and sales, outsourcing production to job workers in Mumbai. Its revenue mainly comes from wholesale trading and jewelry sales, conducted both offline at its registered office and online.
Strengths
- Well-Known Brand: The company has built a strong reputation in its industry, earning customer trust and loyalty. This brand recognition gives it an edge over newer competitors and helps grow its market presence.
- Customer-Centric Approach: With a deep understanding of customer preferences, the company stays ahead of market trends and tailors its products or services to meet changing demands. This focus on customer needs boosts satisfaction, strengthens loyalty, and drives long-term success.
- Experienced Leadership: The company's promoters bring extensive industry experience, valuable insights, and strong networks. Their expertise helps the company navigate challenges, make smart decisions, and seize growth opportunities, ensuring a strong competitive position.
Risk factors
- Legal Challenges: Ongoing legal proceedings involving the promoters and related entities pose a risk to the company. These issues could lead to financial liabilities, harm its reputation, and distract management, potentially affecting operations, investor trust, and overall performance.
- Supply Chain Uncertainty: The company relies on gold, silver, diamonds, and other precious stones. Any shortage or price increase in these materials could disrupt production, raise costs, and impact order fulfillment, ultimately affecting revenue and financial stability.
- Financial Struggles: The company has a history of net losses and may continue to face financial challenges. Ongoing losses can strain resources, limit growth opportunities, and weaken investor and creditor confidence, potentially leading to liquidity issues and difficulties in securing funding.
Promoters
0 Mrs. Pooja Vineet Naheta
Mrs. Sarika Amit Naheta
Registrar & documents
Lead manager
Inventure Merchant Banker Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg-Kennedy Bridge, Gamdevi, Grant Road, Mumbai -400007
+91 9920558483
[email protected]Company website ↗Understanding VARYAA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.