Who is the registrar of Varyaa Creations Limited IPO?
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Bigshare Services Private Limited is the registrar of Varyaa Creations Limited IPO.
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Varyaa Creations Limited deals primarily with jewellery making and about 95% of its manufactured jewellery items are exported. Its jewellery trading segment includes precious and semi-precious stones, silver, gold and others. The company emphasises manufacturing quality products, using its innovative design and exclusivity.
The company will launch its IPO on April 22, 2024, aiming to raise around Rs. 20.10 crores. Continue reading this blog to gain detailed insights about Varyaa Creations Limited and make informed decisions accordingly.
Varyaa Creations Limited IPO will open for subscription from April 22 to April 25, 2024. Here is a detailed overview of its IPO:
IPO Opening Date | April 22, 2024 |
IPO Closing Date | April 25, 2024 |
IPO Listing Date | April 30, 2024 |
Issue Type | Fixed Price Issue IPO |
Face Value | Rs. 10 per share |
Price | Rs. 150 per share |
Minimum Lot Size | 1000 Shares |
Total Issue Size | 1,340,000 shares (aggregating up to Rs. 20.10 Crore) |
Fresh Issue Size | 1,340,000 shares (aggregating up to Rs. 20.10 Crore) |
Market Maker Portion | 70,000 shares |
Listed On | BSE SME |
Incorporated on July 14, 2005, Varyaa Creations Limited was earlier known by the name Kalgi India Private Limited. It holds a distinguishable position in the gems and jewellery industry. Varyaa Creations Limited is involved in wholesale business trading of precious metals, gemstones and the manufacturing of jewellery. Once the jewelries are manufactured, they are outsourced to Mumbai through workers. The main raw materials used in making jewellery products include precious stones, gold, semi-precious stones, silver and more.
All the precious and semi-precious stones are procured from the bullion market and market dealers in Mumbai. The jewellery products are sold out through B2B and B2C platforms. The product portfolio of Varyaa Creations Limited includes rings, bracelets, earrings, necklaces, bangles, gemstones, diamonds, pearls and others. With the increased demand for diamonds, the product portfolio has expanded in recent years with the introduction of Lab Grown Diamonds.
Here you will get to know the tentative dates for Varyaa Creations Limited IPO:
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 |
Additional Read: How To Invest In IPO Online
Bidding for a minimum of 1,000 shares is allowed by investors. Here is the minimum and maximum investment that retail investors and HNI can invest through shares and amounts.
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 1,000 | Rs. 1,50,000 |
Retail (Max) | 1 | 1,000 | Rs. 1,50,000 |
HNI (Min) | 2 | 2,000 | Rs. 3,00,000 |
Here is a detailed overview of the financial statement of Varyaa Creations Limited:
Parameters | For the Financial Year Ending (in Rupees Million) | ||
March 31, 2023 | March 31, 2022 | March 31, 2021 | |
Total Assets | 2,000.55 | 143.78 | 218.32 |
Total Liabilities | 1999.90 | 93.18 | 167.58 |
Total Expenses | 427.53 | 195.14 | 25.12 |
Total Revenue | 538.03 | 253.13 | 12.05 |
Profit After Tax | 78.93 | 57.98 | (13.06) |
EBITDA | 113.04 | 67.83 | (2.40) |
Before you start investing in an IPO, you must be aware of the strengths and risks involved. The following are the strengths of Varyaa Creations Limited:
Additional Read: Upcoming IPOs
Besides strengths, there are also risks involved that you must know about before investing in Varyaa Creations Ltd IPO. Here are the risks:
Additional Read: Difference Between NFO and IPO
By now, you must have a clear understanding of Varyaa Creations Limited IPO along with the strengths and weaknesses of the company. Remember, IPO full form stands for Initial Public Offering, which refers to the process through which a company goes public by offering shares to investors for the first time. However, before you proceed to invest in this IPO, make sure to go through the Red Herring Prospectus (RHP) of the company to acquire complete knowledge. You can also visit the official website to check out all the detailed and updated information.
For the time being, consider opening a trading and demat account to streamline your investment process if you have not done so already.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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Bigshare Services Private Limited is the registrar of Varyaa Creations Limited IPO.
The equity shares of Varyaa Creations Limited IPO are proposed to be listed on the Bombay Stock Exchange for Small and Medium Enterprises.
The book-running lead manager of Varyaa Creations Limited IPO is Inventure Merchant Banker Services Private Limited.
The issue price of Varyaa Creations Limited IPO is Rs. 150 which is about 15 times the face value of equity shares.
The face value of equity shares of Varyaa Creations Limited IPO is Rs. 10 per share.
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