Varyaa Creations Limited IPO : Company Information

Varyaa Creations Limited IPO is set to launch on 22 April, 2024. The company initiated its business operations in the year 2005. It is involved in the business of wholesale trading. The company trades into multiple products like silver, gold, semi-precious stones and precious stones. The profit portfolio includes earrings, necklaces, rings, tops, bracelets, gemstones, bangles, lab grown diamonds, pearls and diamonds. It also does customization work as per the needs of the customers. It has an employee base of 8 people.

Varyaa Creations Limited IPO DETAILS

Varyaa Creations Limited IPO is set to launch on 22 April, 2024. The subscription timeline extends till 25 April, 2024. The size for the IPO is 20.10 Crore Rs. Shares issued through fresh issue mode are worth Rs 20.10 Crore. No shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 150 Rs per share. The company is going to get listed on BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Varyaa Creations Limited IPO

Varyaa Creations Limited IPO : IMPORTANT DATES

Varyaa Creations Limited IPO begins for subscription from 23 April, 2024. The IPO subscription would continue till 25 April, 2024. The allotment status for the shareholders who applied would come on 26 April, 2024. The refunds for the ones who did not get allotment would be initiated on 29 April, 2024. The DEMAT accounts of shareholders would be credited on 29 April, 2024. The listing of the company would be completed on 30 April, 2024.

Varyaa Creations Limited IPO : Lead Managers

The lead managers are :

• Inventure Merchant banker Services Private Limited

The minimum lot size for the company is decided at 1000 shares. This holding accounts to 150000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 300000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• IPO proceeds will be used for expansion purposes related to new showroom setup and its inventory. 

COMPANY FINANCIALS

Varyaa Creations Limited had an asset base of 218 Lakh Rs in 2021 which decreased to 143 Lakh rs in 2022. However the asset base boosted to 2000 Lakh Rs in 2023. The revenue of the company was just 12 Lakh rs in 2021 which increased to 253 lakh rs in 2022. The revenue in 2023 was 538 lakh Rs. The profit of the firmwas 57 Lakh Rs in 2022. The company suffered a loss of 13 Lakh Rs in 2021. The profit boosted to 78 Lakh Rs in 2023. Howrebr it is noticeable that in 2022 the company registered massive revenue growth and profit growth in comparison to previous years.

PROS

• The company initiated its business operations in the year 2005. It is involved in the business of wholesale trading. 
• The company trades into multiple products like silver, gold, semi-precious stones and precious stones. The profit portfolio includes earrings, necklaces, rings, tops, bracelets, gemstones, bangles, lab grown diamonds, pearls and diamonds. It also does customization work as per the needs of the customers. 
• It has an employee base of 8 people.

Varyaa Creations Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.