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SME IPO Status: Closed [22nd Apr 2024 to 25th Apr 2024]
Varyaa Creations IPO, a SME IPO of ₹20.10 Cr opens for subscription from 22-04-2024 to 25-04-2024. The IPO consists of ₹20.10 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 150.00 per share. You can apply to the Varyaa Creations SME IPO for a minimum lot of 1000 shares amounting of Rs 150000.
The tentative listing date on the exchange (BSE SME) is 30-04-2024.Stay tuned with us to get more details about Varyaa Creations SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 22nd Apr 2024 |
| SME IPO Issue Closing Date: | 25th Apr 2024 |
| SME IPO Issue Price: | ₹150.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹20.10 Cr |
| Fresh Issue: | ₹20.10 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 72.02% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544168 |
Get important updates regarding Varyaa Creations SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Apr 2024 |
| Refunds Initiation* | 29th Apr 2024 |
| Credit of Shares to Demat* | 29th Apr 2024 |
| SME IPO Listing Date* | 30th Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹150.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹150000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-04-2024 | 150.00 | 0 | -- | ₹150 (0%) | 30-Apr-2024 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Varyaa Creations Limited was incorporated in July 2005 and is engaged in the wholesale of gemstones and precious metals and the manufacture of jewellery. The registered office and business operations are located in Mumbai. The jewellery is manufactured by contract workers in Mumbai. The main raw materials used for manufacturing their products are gold, precious stones, gemstones, semi-precious stones, silver, etc.
They source gold, silver, gemstones and semi-precious stones mainly from the bullion market and jewellery dealers in Mumbai. Gold bullion and other necessary materials are provided to the workers in Mumbai. However, no formal agreement has been made with these workers.
The design of the products is created in-house. The design and patterns for the jewellery are passed on by us to the workers who make their products accordingly. The jewellery is sold through B2B and B2C platforms. They also sell customised jewellery to customers. They offer their jewellery in different price ranges to maximise their potential customer base.
Their product portfolio includes necklaces, earrings, tops, rings, bracelets, bangles, gemstones, diamonds, lab diamonds and pearls and they also make bespoke jewellery according to customer specifications. Recognising the growing demand for ethically sourced diamonds, the company has recently expanded its range to include lab-grown diamonds.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Diamond & Jewellery | ₹20.10 Cr | https://varyaacreations.com/ |
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 635,000 (50%) | 635,000 (50%) | 1,270,000 | |
| 1 | 22nd Apr 2024 19:04 | 0.09x | 1.31x | 0.70x |
| 2 | 23rd Apr 2024 19:04 | 0.20x | 2.48x | 1.34x |
| 3 | 24th Apr 2024 19:04 | 0.28x | 3.65x | 1.96x |
| 4 | 25th Apr 2024 19:04 | 1.08x | 6.09x | 3.59x |
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,049.17 | 2,000.55 | 143.78 | 218.32 |
| Revenue | 1,762.49 | 538.03 | 253.13 | 12.05 |
| Profit After Tax | 351.11 | 78.93 | 57.98 | -13.06 |
| Net Worth | 410.56 | 59.45 | -19.47 | -77.46 |
| Reserves and Surplus | 65.56 | 44.45 | -34.47 | -92.46 |
| Total Borrowing | 44.81 | 283.82 | ||
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Varyaa Creations Limited | 52.62 | 52.62 | 39.64 | 2.85 | 132.75 | |
| Pngs Gargi Fashion Jewellery Ltd | 10.2 | 10.2 | 21.38 | 9.44 | 22.78 | |
| Ashapuri Gold Ornament Ltd | 0.71 | 0.71 | 33.01 | 10.14 | 2.61 |
Last Updated on 30-Apr-2024 09:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Varyaa Creations SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Varyaa Creations SME IPO with Zerodha.
Alternate approch to apply in Varyaa Creations SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Varyaa Creations SME IPO Review and Important Updates
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To subscribe or apply in Varyaa Creations SME IPO, you can use the following methods:
| Varyaa Creations SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Varyaa Creations SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Varyaa Creations SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Varyaa Creations SME IPO. Most of the Syndicate Banks provide access to apply in Varyaa Creations IPO via ASBA process. You must have your net banking access, DP ID information to apply in Varyaa Creations SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Varyaa Creations SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Varyaa Creations SME IPO Review and Important Updates
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Varyaa Creations SME IPO is going to be list on 30-04-2024. BSE Code for Varyaa Creations is 544168.
Other relevant questions:
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Varyaa Creations SME IPO Allotment Date is 26-04-2024.
Other relevant questions:
Varyaa Creations SME IPO share allotment date?Varyaa Creations SME IPO allotment date?
