Varyaa Creations Ltd IPO
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Varyaa Creations Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 13.4 L | TBA | ₹ 6.35 L | ₹ 32.2 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 22 Apr, 24 | 25 Apr, 24 | 1000 | TBA | Fixed Price - SME | 30 Apr, 24 |
Varyaa Creations Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 2000 |
| NII | 1.19x | 635000 | 758000 |
| Retail | 6.09x | 635000 | 3864000 |
| Employee | 0x | 0 | 0 |
| Total | 3.45x | 1340000 | 4624000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Varyaa Creations Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.04 | 1.11 | 0.58 |
| EBITDA | 4.04 | 1.11 | 0.58 |
| PAT | 3.02 | 0.79 | 0.58 |
| Total Assets | 8.48 | 20.00 | 0.93 |
| Share Capital | 3.45 | 0.15 | 0.15 |
| Total Borrowings | 0.31 | 0.48 | 0.03 |
| Operating Activities (Net Cash) | 3.02 | 0.79 | 0.58 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 0.31 | 0.48 | 0.03 |
| Net Cashflow | 0.06 | 3.80 | 0.01 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- PNGS Gargi Fashion Jewellery Ltd
- Ashapuri Gold Ornament Ltd
Varyaa Creations Ltd IPO 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.
- Established brand.
- Well established relationship with its supplier.
- Strong understanding of customer preference.
- Extensive product list.
- Rich domain experience of its Promoters.
How To Apply for Varyaa Creations Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
