Varyaa Creations IPO GMP, Review, Price, Allotment

Last updated on April 30, 2024

Varyaa Creations IPO description – Incorporated in 2005, Varyaa Creations operates in the wholesale trading of gold, silver, precious stones, and semi-precious stones. Additionally, the company plans to expand into manufacturing and selling jewelry. Varyaa Creations manufactures its jewelry through a job worker located in Mumbai.

Currently, the products are sold exclusively through offline channels. Additionally, the company has been selling its products through its online platform, namely www.baubleberry.com. Its product portfolio includes necklaces, earrings, tops, rings, bracelets, bangles, gemstones, diamonds, lab-grown diamonds, and pearls, and the company also offers customized jewelry to meet customer needs. Recognizing the increasing demand for ethically sourced diamonds, it has recently expanded its portfolio to include lab-grown diamonds.

As of 31 March 2024, the company employed 8 individuals.

Promoters of Varyaa Creations – Mrs. Pooja Vineet Naheta, and Mrs. Sarika Amit Naheta

---

Varyaa Creations IPO Details

Varyaa Creations IPO Dates	22 – 25 April 2024
Varyaa Creations Issue Price	INR 150 per share
Fresh issue	1,340,000 shares (INR 20.10 crore)
Offer For Sale	NIL
Total IPO size	1,340,000 shares (INR 20.10 crore)
Minimum bid (lot size)	1,000 shares (INR 150,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

---

Varyaa Creations Financial Performance

	FY 2021	FY 2022	FY 2023	9M FY 2024
Revenue	0.09	2.47	5.23	17.19
Expenses	0.25	1.95	4.28	12.93
Net income	(0.13)	0.58	0.79	3.51

---

Varyaa Creations Offer News

• Varyaa Creations RHP
• Varyaa Creations Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

---

Varyaa Creations Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	(8.71)	38.66	52.62
PE ratio	–	–	2.85
RONW (%)	16.86	(297.75)	132.75
NAV	(51.64)	(12.98)	39.64
ROCE (%)	(1.24)	267.65	190.12
EBITDA (%)	(19.91)	26.80	21.01
Debt/Equity	(3.66)	(2.30)	–

---

Varyaa Creations IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
Coming soon	–	–	–

---

Varyaa Creations IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	635,000	635,000	1,270,000
25 Apr 2024	1.20	6.09	3.64
24 Apr 2024	0.39	3.65	2.02
23 Apr 2024	0.32	2.48	1.40
22 Apr 2024	0.09	1.31	0.70

The market maker reservation portion of 70,000 shares is not included in the above calculations.

---

Varyaa Creations IPO Allotment Status

Varyaa Creations IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

---

Varyaa Creations IPO Dates & Listing Performance

IPO Opening Date	22 April 2024
IPO Closing Date	25 April 2024
Finalization of Basis of Allotment	26 April 2024
Initiation of refunds	26 April 2024
Transfer of shares to demat accounts	29 April 2024
IPO Listing Date	30 April 2024
Opening Price on BSE SME	INR 285 per share (up 90%)
Closing Price on BSE SME	INR 270.75 per share (up 80.50%)

---

Varyaa Creations Offer Lead Manager

INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email: [email protected]
Website: www.inventuremerchantbanker.com

---

Varyaa Creations Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com

---

Varyaa Creations Offer Contact Details

VARYAA CREATIONS LIMITED
11, Floor-3rd, Plot 5/1721, Kailash Darshan,
Jagannath Shankar Seth Marg, Kennedy Bridge,
Gamdevi, Grant Road, Mumbai- 400007, Maharashtra
Phone: +91 9920558483
E-mail: [email protected]
Website: www.varyaacreations.com

---

IPO FAQs