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Varyaa Creations Limited started in July 2005 and specializes in wholesale trading of valuable items like gold, silver, and different kinds of precious stones. They offer a wide range of jewelry products, including necklaces, earrings, rings, and bracelets, as well as gemstones, diamonds, lab-grown diamonds, and pearls. They even make custom jewelry according to customers’ needs.
Varyaa Creations IPO Overview
Varyaa Creations is offering shares worth ₹20.10 crores through its IPO. This offering consists of 13.4 lakh fresh issues, each with a face value of ₹10. The subscription for this IPO opens on April 22, 2024, and closes on April 25, 2024. The allotment of shares is expected to be finalized by April 26, 2024. The company plans to list on the BSE SME platform, with the listing date tentatively set for April 30, 2024.
Before the IPO, the promoters, Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta, own 100% of the company’s shares. After the IPO, their ownership will decrease to 72.02%. Bigshare Services Pvt Ltd will manage the administrative tasks related to the IPO as the registrar.
Varyaa Creations IPO GMP
- Date: 24 – April – 2024
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The Grey Market Premium (GMP) for the Varyaa Creations SME IPO has begun tracking since two sessions ago. It’s too early to tell which way the GMP is heading. We’re keeping this info updated daily, so keep checking back for the latest GMP and other details. Stay tuned for daily updates on how the GMP is performing and what the expected listing price might be for Varyaa Creations SME IPO. Just visit the Trade Target website for the most recent updates on the Grey Market Premium.
How to apply for Varyaa Creations?
For the Varyaa Creations IPO, if you’re a regular investor (Retail), you can start by buying 1 lot, which includes 1000 shares, costing ₹150,000. The maximum you can invest as a retail investor is also 1 lot, which is the same – 1000 shares for ₹150,000.
However, if you’re a High Net Worth Individual (HNI), you need to buy at least 2 lots, which means you’ll get 2000 shares, costing ₹300,000.
Varyaa Creations IPO Financial
Over the past three years, Varyaa Creations Limited has witnessed remarkable growth in its financial performance. The company’s assets surged to ₹2,000.55 lakhs in 2023 from ₹143.78 lakhs in 2022 and ₹218.32 lakhs in 2021. Revenue also saw a substantial increase, reaching ₹538.03 lakhs in 2023 compared to ₹253.13 lakhs in 2022 and ₹12.05 lakhs in 2021. Profitability improved significantly, with a Profit After Tax of ₹78.93 lakhs in 2023, up from ₹57.98 lakhs in 2022, although 2021 witnessed a loss of ₹13.06 lakhs.
While borrowing details for 2023 are unavailable, the company borrowed ₹44.81 lakhs in 2022 and ₹283.82 lakhs in 2021. Despite this, the company’s overall growth trajectory appears positive, reflecting its strengthening financial position.
Varyaa Creations IPO Vs Peers
Varyaa Creations Limited has an earnings per share (EPS) of 52.62, which is a measure of its profitability. Its price-to-earnings ratio (P/E) is 2.85, indicating how much investors are willing to pay for each unit of its earnings.
Comparatively, PNGS Gargi Fashion Jewellery Ltd has an EPS of 10.2 and a P/E ratio of 9.44. Meanwhile, Ashapuri Gold Ornament Ltd has a lower EPS of 0.71 but a higher P/E ratio of 10.14.
Varyaa Creations IPO Quota allocation
- Retail Investors: 50% of the net issue
- Other Investors: 50% of the net issue
Varyaa Creations IPO Listing Date
- Subscription Period: 22 April 2024 to 25 April 2024
- Basis of Allotment Finalization: 26 April 2024
- Initiation of Refunds: 29 April 2024
- Demat Credits: 29 April 2024
- Listing Date: 30 April 2024
- Listing on: BSE SME
