Varyaa Creations Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 635,000 (47%) | — | ₹953 Cr |
| Retail | — | 635,000 (47% | — | ₹953 Cr |
| Market Maker | — | 70,000 (5%) | — | ₹11 Cr |
| Σ Total | — | 1,340,000 (100%) | — | ₹20,100 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹150,000 |
| Retail (Max) | 13 | 13,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 14,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 67,000 | ₹10,050,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,762 | 538 | 253 |
| Profit After Tax | 351 | 79 | 58 |
| Net Worth | 411 | 59 | -19 |
| Total Assets | 1,049 | 2,001 | 144 |
| Reserves & Surplus | 66 | 44 | -34 |
| Total Borrowing | — | — | 45 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To finance the establishment of the new showroom, –
- Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom; –
- Purchase of Inventory; and –
- General Corporate Purposes. –
Company Overview
Incorporated in July 2005, Varyaa Creations Limited deals in wholesale trading of gold, silver, precious stones, and semi-precious stones.
The product portfolio includes Necklaces, Earrings, Tops, Rings, Bracelets, Bangles, Gemstones, Diamonds, Lab-grown diamonds, and Pearls. The company also create custom-made jewellery based on customers' requirements.
The portfolio offers customers various jewellery designs for all occasions and price points.
As of 31st March 2024, the company employs 8 people in various departments.