Varyaa Creations Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 22, 2024 to April 25, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 150 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 13,40,000 shares (aggregating up to ₹ 20.10 Cr) |
| Fresh Issue | 13,40,000 shares (aggregating up to ₹ 20.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 34,50,000 |
| Share holding post issue | 47,90,000 |
| Market Maker portion | 70,000 shares Svcm Securities |
About Varyaa Creations Limited IPO
Varyaa Creations Ltd. (VCL) is involved in the business of wholesaling and trading of gold, silver, precious stone, semi-precious stone. They make their jewellery from job workers located in Mumbai. Since VCL is a trading company, it does not own any major plant and machinery.Varyaa Creations IPO is a fixed price issue of Rs 20.10 crores. The issue is entirely a fresh issue of 13.4 lakh shares.Varyaa Creations IPO price is ₹150 per share. The minimum lot size for an application is 1000 Shares.Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Varyaa Creations IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Varyaa Creations IPO is Svcm Securities.
Objectives of the Issue
The objectives of the issue are as follows:
- 1. To finance the establishment of the new showroom,
- 2. Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom;
- 3. Purchase of Inventory; and
- 4. General Corporate Purpose.
Varyaa Creations IPO review
The company is operating in a highly competitive and fragmented segment. It is engaged in trading activities only and has no own unit for manufacturing. It operates on third party contracts. Tiny equity post-IPO indicates longer gestation period for migration. Based on FY24 annualized super earnings, the issue appears fully priced. 9M-FY24 financial data appears fabricated in a pre-IPO period.
Varyaa Creations Limited IPO Financial Information
Latest Revenue
1,762.49
₹ Crore
Profit After Tax
351.11
₹ Crore
Net Worth
410.56
₹ Crore
Total Borrowing
44.81
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 1,049.17 | 1,762.49 | 351.11 | 410.56 | 44.81 | ||||
| 31 Mar 2023 | 2,000.55 | 538.03 | 78.93 | 59.45 | 44.81 | ||||
| 31 Mar 2022 | 143.78 | 253.13 | 57.98 | -19.47 | — | ||||
| 31 Mar 2021 | 218.32 | 12.05 | -13.06 | -77.46 | — | ||||
| Amount in ₹ Crore | |||||||||
Varyaa Creations Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 85.52% |
| ROCE | 114.57% |
| RoNW | 85.52% |
| P/BV | 12.61 |
| PAT Margin (%) | 19.92 |
Frequently Asked Questions
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Competitive Strengths
Varyaa Creations Limited IPO Timeline
| IPO Open Date | Monday, April 22, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹150,000 |
| Retail (Max) | 1 | 1000 | ₹150,000 |
| HNI (Min) | 2 | 2,000 | ₹300,000 |