IPO - Check IPO Date, Price, Lot Size

Varyaa Creations Ltd IPO

The company is engaged in the business of wholesale trading of gold, silver, precious stone, semi-precious stone. Apart from the above, from this financial year onwards, the company also intends to focus on manufacturing and selling of jewellery's. The company manufactures its jewellery through job worker located in Mumbai.

Varyaa Creations Ltd IPO Details

Total Shares Offered

₹ 13,40,000

Offer to Public

TBA

Retail Max (Shares)

₹ 6,35,000

Pre Issue Promoters Holding

₹ 32,20,000

Exchange

BSE

Issue size

TBA

IPO Open Date

Apr 22, 2024

Close Date

Apr 25, 2024

Lot Size

1000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Apr 30, 2024

Varyaa Creations Ltd IPO Dates

Apr 22, 2024

Opening date

Apr 25, 2024

Closing date

Apr 26, 2024

Basis of Allotment

Apr 26, 2024

Initiation of Refunds

Apr 29, 2024

Credit of Shares

Apr 30, 2024

Listing date

Details

Sector	Type
Sector	Diamond Cutting
Sub Sector	Jewellery
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	635000
Retail	0x	635000
Employee	0x	0
Total	0x	1340000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

635000

1340000

Varyaa Creations Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	0.89	4.04	1.11
EBITDA	0.90	4.04	1.11
PAT	0.42	3.02	0.79
Total Assets	23.80	8.48	20.00
Share Capital	4.79	3.45	0.15
Total Borrowings	5.26	0.31	0.48
Operating Activities (Net Cash)	0.43	3.02	0.79
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	5.26	0.31	0.48
Net Cashflow	0.15	0.06	3.80

About Varyaa Creations Ltd

Varyaa Creations Limited was originally incorporated as Kalgi India Private Limited on July 14, 2005 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently the name of the company was changed from Kalgi India Private Limited to Varyaa Creations Private Limited under the Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the EGM held on July 04, 2016 and had obtained fresh certificate of incorporation July 19, 2016 issued by the Registrar of Companies, Mumbai. Thereafter, the Company was converted in to a public company and consequently name was changed from Varyaa Creations Private Limited to Varyaa Creations Limited under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 19, 2023 and had obtained fresh certificate of incorporation August 18, 2023 issued by the Registrar of Companies, Mumbai.

As of February 2021, India's gold and diamond trade contributed ~7.5% to India's Gross Domestic Product (GDP) and 14% to India's total merchandise exports. The gems and jewellery sector are likely to employ ~8.23 million persons by 2022, from ~5 million in 2020. Based on its potential for growth and value addition, the Government declared the gems and jewellery sector as a focus area for export promotion. The Government has undertaken various measures recently to promote investment and upgrade technology and skills to promote `Brand India' in the international market. The Government has permitted 100% FDI in the sector under the automatic route, wherein the foreign investor or the Indian company do not require any prior approval from the Reserve Bank or the Government of India. The Indian Government also signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) in March 2022, this will allow the Indian Gems and Jewellery industry to further boost exports. CEPA will provide the industry with duty-free access to the UAE market. India's Gems Jewellery Export Promotion Council (GJEPC) aims to triple its exports to the UAE post the CEPA.

Peer Comparison:

PNGS Gargi Fashion Jewellery Ltd
Ashapuri Gold Ornament Ltd

Varyaa Creations Ltd Key Points

Strengths

Established brand.

Well established relationship with its supplier.

Strong understanding of customer preference.

Extensive product list.

Rich domain experience of its Promoters.

Risk

There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

Its inability to manage growth could disrupt the company's business and reduce its profitability.

The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.

Strategy

Entering the E-Commerce Market.

Increase its customer network in existing markets and enter new geographical markets.

Strengthen its Inventory Management practices.

Innovation in designing.

How To Apply for Varyaa Creations Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Varyaa Creations Ltd IPO?

Varyaa Creations Ltd's IPO offers shares for up to 20.1 It begins on Apr 22, 2024 and ends on Apr 25, 2024.

What is the price of the Varyaa Creations Ltd IPO?

The price of Varyaa Creations Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Varyaa Creations Ltd IPO?

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

When will the Varyaa Creations Ltd IPO be allotted?

The allotment for the Varyaa Creations Ltd IPO will be finalised on Apr 26, 2024. The shares will be listed on BSE and NSE on Apr 30, 2024.

What is the minimum lot size required for Varyaa Creations Ltd IPO?

The minimum lot size for Varyaa Creations Ltd IPO is 1000 shares, priced between NA to NA per share.

What is the GMP of Varyaa Creations Ltd IPO?

The GMP (Grey Market Premium) of Varyaa Creations Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Varyaa Creations Ltd IPO?

To check the allotment status of Varyaa Creations Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Varyaa Creations Ltd IPO getting listed?

The Varyaa Creations Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Apr 22, 2024, and closes on Apr 25, 2024. The allotment is finalised on Apr 26, 2024.

How do you apply for the Varyaa Creations Ltd IPO?

To apply for the Varyaa Creations Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.